Personal Insurance
home owners insurance
Finding The Right Personal Insurance Plan Just Got Way Easier
Contact The Valpo First Insurance Team About Homeowner’s Insurance Today
Purchasing a home for you and your family is one of the biggest moments of your life, and protecting that home from unexpected tragedy is so vital. That’s where Valpo First comes in! A homeowner’s insurance plan provides financial protection for your home and the things you keep in it. It covers damage to your property and your liability for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
However, there are exceptions to damage coverage. The most significant are floods, earthquakes, and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowner’s responsibility. Our agents will work with you personally to assess your specific situation and find a policy that fits your needs!
It is possible to legally own a home without homeowner’s insurance, but if you have bought your home and financed the purchase with a mortgage, your lender will most likely require you to get homeowner’s insurance coverage to protect their investment in your home in case your home is damaged in fire, storm, tornado or other disaster. If you live in an area that is likely to flood, the bank will also require you to purchase flood insurance. After your mortgage is paid off, no one will force you to buy homeowner’s insurance. But it is not advisable to cancel your policy and risk losing what you’ve invested in your home.
What If I Don’t Own A Home?
You’re a condominium owner? No problem! We can handle it! A condominium combines the convenience of apartment living with the investment advantage of ownership. Your bank will require insurance to protect its investment in your home. Additional coverage would provide for your belongings and the structural parts of the building that you own against disasters. You will need two separate policies to protect your investment.
Your own insurance policy will provide coverage for your personal possessions, structural improvements to your apartment and additional living expenses if you are the victim of fire, theft or other disaster listed in your policy. You also get liability protection. A “master policy” provided by the condo/co-op board will cover the common areas you share with others in your building like the roof, basement, elevator, boiler and walkways for both liability and physical damage.
You’re a renter? No problem! We can handle that too! Renter’s insurance provides financial protection against the loss or destruction of your possessions when you rent a house or apartment. While your landlord may be sympathetic to a burglary you have experienced or a fire caused by your iron, destruction or loss of possessions is not usually covered by your landlord’s insurance. Because in most cases renters insurance covers only the value of your belongings, not the physical building, the premium is relatively inexpensive.
With a renter’s policy from Valpo First Insurance would be protected against losses from lightning, vandalism, theft and more. It would also cover your responsibility to others injured at your home or elsewhere by you, a family member or your pet and pays legal fees if you are taken to court. You would also be covered for additional living expenses if you are unable to live in your apartment because of a fire or other covered peril. Most policies will reimburse you the difference between your additional living expenses and your normal living expenses but set limits to the amount they will pay.
have questions?
There’s No Time Like The Present To Make A Change
Protect your home with coverage from Valpo First Insurance. Whether you have just purchased a new home or are looking to renew your existing policy, we have the right plan for you. Our incredible team of agents will guide you through the process and help you find a plan perfect for you. With our competitive rates and superior customer service, it’s no wonder why so many NWI residents choose us.
At Valpo First Insurance, we understand that choosing the right policy can be overwhelming. That’s why our experienced staff is here to answer all of your questions and provide resources to ensure that you are making an informed decision about protecting your home. We also offer additional coverage options like flood insurance and personal liability protection at an affordable rate. Call us today to learn more about how we can help protect your most valuable asset!