Home Insurance in Klamath Falls Oregon
You have made a large investment by purchasing a home. Sleep soundly with the protection of a Homeowners Insurance policy from Pacific Ridge Insurance! Homeowners insurance protection is crucial when owning a home. A homeowners insurance policy, or home insurance policy, means coverage for assets inside and outside of your home.
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Having homeowners insurance, or home insurance, guarantees you are compensated for losses to your home and your possessions inside it. Purchasing a homeowners policy provides added protection for your biggest investment. Home insurance also protects you if you’re found to be liable for someone’s injuries on your property. This policy will also protect you from financial losses caused by storms, fire, theft and other events outlined in your policy. Call Pacific Ridge Insurance today to get a policy started.
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Familiarize Yourself With Common Homeowners Insurance Terms:
B- Other Structures on Your Property
C- Personal Property/Contents
D- Loss of Use
E- Personal Liability Protection
F- Medical Payments
Dwelling coverage protects your home’s structure against the damage and possible loss from a covered event such as a wind, hail, lightening or fire. (Note: Earthquake insurance will require a separate endorsement. Talk to an agent today about earthquake insurance). This part of your insurance policy will pay to replace the home’s structural components.
Other Structures such as detached garages, buildings or sheds on your property are also protected by a standard homeowners policy. Typically, the coverage for other structures is 10% of your dwelling coverage although higher amounts are available if you wish to purchase them.
Personal Property comes standards with a homeowners insurance policy and protects your items within your home or on your property should they be stolen, lost in a fire or damaged otherwise by a covered loss. These items include, but are not limited to clothing, furniture and other personal items.
Loss of Use will provide you with living expenses in the event your home is not livable due to a covered loss. This type of coverage will usually cover the cost of a hotel, restaurant bills and other living expenses while your home is being repaired.
Personal Liability Protection protects you from bodily injury or property damage lawsuits in the event someone files a lawsuit against you. This also includes things like your pet biting someone through a fence.
Medical Payments coverage pays medical expenses for a non-resident who may have been injured while on your property.
Frequently Asked Questions about Homeowners Insurance
What does home insurance cover?
Home insurance can cover a variety of losses including weather, fire and personal liability. The amount of coverage you get depends on the policy you purchase.
Is home insurance required?
You should have home insurance. Your home is likely your largest asset and if you have a loan it will be required.
Does home insurance protect me from dog bite claims?
Yes, home insurance provides you with insurance coverage in the event you have a dog that bites someone. Some dog breeds are uninsurable, so before you purchase a dog, be sure to contact your agent to see what breeds might be excluded. Additionally, each claim is different so coverage will be decided by the insurance company to ensure no excluded acts were committed.