Whether you're in the process of purchasing your first home or you're looking for a more affordable policy, homeowners insurance is an important aspect of home-ownership. At Chalk and Gibbs, our insurance agents are here to assist you in determining the coverage that you need and finding a policy that fits your budget. Scroll down for a few frequently asked questions about homeowners insurance and if you're looking for a quote for your home, give us a call!
Is homeowners insurance required?
Laws differ from state to state and even if your state does not require homeowners insurance, it is never a good idea to go without coverage. Homeowners insurance will protect your in the event that damages occur to your home and property.
If my home floods, are damages covered under my homeowner's policy?
Generally, water damage is not included in basic homeowners policies. Flood insure may be necessary or even required if you live in a flood zone. Contact one of our agents today to learn more and make sure your home is completely covered.
How much coverage do I need on my homeowners insurance policy?
It is important to make sure that your policy covers the structure of the home, your personal belongings and liability. Your home should be insured for it's structural replacement value, or what it would cost you to rebuild your home. Often, personal belongings are covered at a value of 50% to 70% of your home's value. If you own a lot of valuable items, you may need additional coverage.
How do I choose the right policy?
Although you may want to select a policy based on the price, that is not always the best idea. It's important to protect the investment that you have made on your home and that your property and assets can be repaired or replaced properly in the event that something happens. Assessing the value of your home and your assets with help determine the amount of coverage needed. Working with an independent agent at Chalk and Gibbs will allow us to come to your home, assist with appraisal and find you the best policy for an affordable price.
If you're in the market for homeowners insurance or would like a quote, give us a call today!