When it comes to your home and family, nothing is more important than protecting the ones you love and the life you have worked so hard to provide. Homeowners insurance is personal, as it protects you against disasters that could otherwise threaten your property and finances. Whether you own a sprawling estate or a small country cottage, home insurance helps protect you against the unknown.
Types of Home Insurance
Home insurance provides several different types of coverage bundled into a single policy. This policy is designed to mitigate your risks and protect against certain named perils. These named perils are listed on homeowner policies, and typically include, but are not limited to, damages caused by:
- Ice or snow
- Falling objects
- Frozen or faulty plumbing
A home is a major investment. With so much wrapped up in a property, dwelling insurance helps offset your exposure to risk. After all, your house could be unexpectedly damaged at any time. Dwelling insurance provides coverage for your home’s structure, as well as other structures on your property, such as a pool house, detached garage, storage building, or fence.
Personal Property Insurance
When it comes to personal property insurance, it is what’s on the inside that counts. Over time, homeowners accumulate a lot of possessions – all of which may be vulnerable to loss. If your TV is stolen or a fire destroys all of your furniture, clothes, and other belongings, personal property insurance can help pay for your losses. You can choose between a policy that pays for the replacement value or the depreciated actual cash value of your belongings.
Keep in mind that there may be certain scenarios in which you need additional coverage to protect your personal belongings. For example, items stored in your house that are related to a home business may not be protected under standard coverage. This is also true for expensive jewelry, art work, furs, or other high-valued belongings for which there are limitations on coverage. Talk with your agent about add-on insurance protection for valuables and excluded belongings.
Liability insurance is your defense against lawsuits and liabilities stemming from an accident on your property. It can also provide protection if you, your spouse, your pet, or one of your dependents causes accidental injury or loss to another person. Examples include:
- A slip-and-fall accident on your front walkway
- A child injuring himself on your trampoline
- Your dog bites someone
- A tree in your yard falls on a neighbor’s property
Liability insurance not only provides coverage for judgments against you, but it can also help pay for legal defense expenses and court fees up to the limits on your policy.
Affordable Home Insurance in Forest Lake
We work hard to make Minnesota home insurance as affordable as possible. When you choose Wheaton Insurance, you benefit from the knowledge and experience that comes from years of service to the Forest Lake community. We compare rates from multiple insurers to find valuable savings on the coverage you need. We can also help you find important discounts on homeowners insurance, including discounts for important home safety features like fire extinguishers, smoke alarms, and home security systems. Call us today to request your free quote. We look forward to serving you soon.
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- Insurance & Your Spring Project
- Creating a Home Inventory to Properly Insure Your Personal Property