GREAT STATE Homeowner's InsuranceWhether you own a house, condominium or townhouse, for most people their home is their most important investment. Ai Insurance Agency offers home insurance policies that have flexibility to meet your individual needs and above all, provide you with the security that comes only from the knowledge that your home is safe.
Home insurance is one of the most popular and important forms of personal insurance and the typical Homeowners Insurance policy has two main sections:
Section I – insurance coverage for your property
Section II – personal liability coverage (to cover you in case of lawsuits arising from things that happen on your property)
Homeowners insurance is often required by lenders to obtain a mortgage and nearly everyone, whether you own or lease property, should have the protection of homeowners insurance.
All you have to do is give us a call or click the “Quote Online” button at the top of this page. You will receive quotes from the major insurance carriers in North Carolina in as little as 10 minutes. Our office if full of happy friendly insurance brokers who know how to get you the right coverage for the lowest possible premium.
Here is a review of the standard Home Owners Insurance Coverages:
A standard Homeowners Insurance policy insures the home itself and the things you keep in it. It is typically a package policy, which means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people.Let’s take a look at each coverage part in more detail:
Part I: Property ProtectionDwelling:
This offers protection as a result of damage to the structure of your home including fixtures, plumbing and heating due to a covered loss, such as fire or hail storm damage. It does not cover the normal wear and tear of your home or maintenance-related problems. You need enough coverage for the cost of rebuilding or repairing your home, less the cost of the land. Determining this new replacement can be somewhat complex, but we can assist with this process.Other Structures:
This includes coverage for detached structures, such as a garage, garden shed, and fixtures attached to land such as a driveway, sidewalks, patio, fence, swimming pool, etc.Personal Property:
This covers the contents and personal items in your home such as furniture, clothing, sporting goods, etc. This also extends to your personal belongings anywhere in the world. To determine your property’s value, we’ll provide you with a home inventory checklist to help you quickly and easily itemize your belongings.
We recommend insuring your personal property for its Replacement Cost Value. The longer you own your belongings the less value they hold. Replacement Cost Value ensures that you can replace yesterday’s purchases at today’s prices.Loss of Use:
In the event that a covered loss forces you from your home, such as a fire, Loss of Use provides a safety net for additional expenses over and above your normal living expenses while you are unable to live in your home, up to the policy limit.
Part II: Property Protection
The Liability to Others portion of your policy covers you against lawsuits for bodily injury or property damage that you or family members may cause to other people. It pays for both the cost of litigation and any court awards, up to the limit of your policy. It also covers you at home or away.
In the event that a visitor is injured in your home, Medical Payments coverage allows the person to submit medical bills directly to your insurance company. The benefit is that expenses are paid to the injured person, up to the policy limit, without a liability claim being filed against you.
Additional Considerations What about disasters?
Damage caused by most disasters is covered in a standard Homeowners policy, but floods and earthquakes are excluded. Upon request, we can provide coverage information about each.Vacant Property
If your home is left vacant due to a move or new construction, you are vulnerable to claims for loss from vandalism and other mishaps. Please check with our agency to learn more about the coverage options available.
We specialize in providing Homeowners Insurance solutions so you can get back to the business of living, knowing one of your largest assets is protected. Contact us to learn more about all of our personal risk management solutions for your home, auto and life.