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Frequently Asked Questions

HOMEOWNERS

What is the difference between Liability Protection and Personal Injury Protection?

In our litigious society, if you injure someone or damage their property, you can be held legally liable. This means you would be on the hook for the damages and expenses that you may (or may not) have caused someone, plus you will spend time and more money in court proceedings. Your Liability will pay out up to the limit you select, and your policy will pay for attorney’s fees separately from that limit while also compensating you for lost wages while you are in court.

Personal Injury Protection provides the same coverage but includes offenses like libel, slander, false arrest, invasion of privacy, and copyright infringement. Personal Injury is an inexpensive add-on, usually below $20.

What type of insurance covers my jewelry and other valuables? 

Jewelry is included in your personal property coverage up to certain limits on a homeowner/condo/tenant policy. Most carriers have different levels of coverage that increase the included amount for jewelry, so be sure to look at your policy's limits to confirm they are adequate. Expensive jewelry costing outside those limits can be added to a policy to provide adequate coverage.

How much homeowners insurance should I have? 

The coverage you need for your Dwelling should reflect the cost to rebuild, not what you could sell your home for based on the current market. This rebuild cost is calculated using a Replacement Cost Estimate. It takes the size, features, and finishes of your home, along with any updates to the heating, plumbing, and electrical, and much more. All other coverages like personal property, loss of use, and other structures are calculated using a percentage of your Dwelling Coverage (cost to rebuild) & can general be increased if you need more than the automatic coverage provided.

What is water back up and sump pump failure insurance? 

It's an additional coverage you can add for your home to cover water damage backing up through pipes, drains, sewer lines, or if your sump pump fails and overflows.

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