Homeowners Insurance Information

Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.

What is Homeowners insurance?

Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it. If you own your home or still have a mortgage, protect yourself and your family with a Homeowners insurance policy in case of damages, theft, or disaster. If you are a renter, we recommend a Renters Insurance policy. At Sohi Insurance Group we assist you in selecting the best company that provides the best coverage based on your specific situation. We’re here to provide you with more than just a quote. If you have recently experienced an increase in your Homeowners insurance rates Sohi Insurance Group is happy to offer you fast, reliable, no-obligation quotes by phone. We’re just real people who care. Let us work for you and earn your business!

Homeowners insurance policies provide financial protection against damage to your covered property, your personal belongings, and loss of use. Common covered damages include fire, windstorms, hail, lightning, theft or vandalism.

The personal liability coverage within your Homeowners insurance policy provides coverage for bodily injury and property damage sustained by others for which you or your family members are legally responsible. Liability insurance covers you, for example, if someone slips and falls on your property or if your dog bites someone.

Homeowners insurance is a package policy. This 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. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners’ responsibility.

Why do you need homeowners insurance?

It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments.

  • If your home was destroyed by fire or damaged by a natural disaster, you’d need money to repair or replace it.
  • If a guest in your home is injured, liability protection and medical coverage help pay expenses.
  • If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
  • If you are still paying for your home, your lender will require insurance.

It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what’s included and what is not.

Things to consider and questions to ask your agent

Here are few things to discuss with your agent that will influence your decisions.

  • How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? (Ask your agent to talk you through your home’s features and the things you own so you can make an informed decision about coverage.)
  • Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
  • What discounts are available? (Ask about multiple policy, security system and fire resistance discounts.)
  • What’s the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)