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Homeowners Insurance


Full Name: Homeowners Insurance

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Springer Insurance can help you find the homeowner's insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

  • Categories: Personal
  • Also Known As : Home Insurance, Hazard Insurance, HO3, HO5
  • Range in last 12 months : $427 $5,515
  • What you need to know about homeowners insurance

    Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.

    Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it's a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it's a policy that covers only specified losses.

    Springer Insurance is here to help you find the right insurance for your home. Whether you're a home or condo owner, a renter, or a landlord, Springer Insurance will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

    Your home insurance policy is most often made up of the specific options you choose, so how much you'll pay for your policy depends on:

    What you select. Oftentimes homeowners insurance options are priced individually, so how much you'll pay for your policy depends on what coverages you buy.

    How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.

    Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.

    oWorried you aren't completely covered? Consider an umbrella insurance policy that extends your coverage.

    The Right Coverage. The Right Price. The Right Value

    The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.

    Protection for Your Home

    Property or Dwelling Coverage typically pays to repair or rebuild your home if it's damaged or destroyed by an insured event like a kitchen fire or windstorm.

    Protection for You and Other People

    Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.

    When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

    Medical Coverage

    This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

    Additional Living Expenses

    If you can't live in your home because of a covered loss, your home insurance policy will pay additional living expenses, commonly for up to 24 months, while damage is assessed and your home is repaired or rebuilt.

    Protection for Your Belongings

    Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

    Scheduled Personal Property Coverage

    If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.

    If You Rent Out Your Home

    Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.

    Protect the Things that Matter to You

    Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video, using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn't cover damages caused by poor or deferred maintenance on your part.

    Every home is unique, talk to us todayto find out how to get the best price and value on homeowners insurance for you.

    While the law does not say you must carry home insurance, your Mortgage company will! If you do not carry it, they may force-place coverage on it for you. (you do not want that!)

    How do I insure My Home

    There are two main parts to a home policy: Property and Liability. The main part of the property portion is called Coverage A, or the Dwelling coverage. This is the part that will be used to rebuild the home.

    When you first start this policy, your agent will do a Replacement Cost Estimator to determine who much insurance to put on the home. This is not EXACT but it is close enough as the policy probably comes with a buffer.

    Remember, the Goal of any homeowners policy is to put you back they way you were BEFORE the loss. The policy is going to pay to have a contactor rebuild the damaged home, not to buy you the one just like it down the street.