Your home is likely your most valuable asset, and for a family it provides more than just financial value. Protecting your home involves many steps, and some of these steps include the prudent use of safety measures such as smoke alarms, security systems and good overall maintenance. One of the most valuable tools you have to protect your home financially is a comprehensive homeowner’s insurance policy.
A homeowner’s policy has several different sections of coverage. The first part of a homeowner’s policy is designed to pay for damage to the things you own, such as the building and all of the contents inside the home.
Your Building and Contents
Your building can be covered for full replacement cost value, or it can be covered for Actual Cash Value, which means that the insurance company will apply depreciation before making a settlement on your claim. The proper valuation of your property and adequate insurance is critical in order for you to obtain the most value from your homeowner’s policy.
Your contents can also be insured for replacement cost value, and this is an important consideration when you consider that most people under value the full cost of the personal property they have within their home. Furnishings, clothing, electronics such as computers and entertainment systems, and even appliances like your washer and dryer are all covered under the personal property section of your policy.
You will need to make a decision on the size of your deductible when you purchase a homeowners policy. The deductible is the amount that you must pay toward any damage claims before the insurance company will pay, and you can select the size of the deductible you need. A lower deductible will mean that your policy will cost more than, if you maintain a high deductible so keep this in mind when making your decision.
A homeowners policy also provides liability coverage to protect you from claims of negligence that might be made against you if someone is injured by you, or if you cause damage to someone else’s property. This valuable component of your policy will pay for the legal costs of defending you if you are sued, and it will pay for the cost of any settlements that may need to be made on your behalf.
Dempsey & Siders Agency is a full service insurance agency representing only the most reputable companies in the industry. Our team of Commercial and Personal Insurance professionals believe in risk management education and provide clients with consultative insurance solutions to provide accurate protection.
In addition to writing insurance for the standard market, Dempsey & Siders Agency specializes in writing custom policies for the higher net worth clientele’s unique needs.
Our experienced team also establishes a wide range of valuable voluntary benefits for employer groups and professional organizations.
Contact us today for a complementary consultation and a customized plan to meet your needs!
Dempsey & Siders Agency’s mission is to protect our customers and their valued assets by providing professional risk management services. We represent superior insurance carriers, who are A.M. Best rated “A” or higher. The agency works hard to maintain strong insurer relationships, allowing us access to the best value-added services for our customers. Our team is dedicated to delivering outstanding, consultative service to current and prospective clients. Dempsey & Siders ensures both personal and commercial clients receive custom insurance reviews providing tailored coverage to effectively manage risk exposures, plus provide long-term financial security and protection. Additionally, our experienced team serves as advocates for customers if there is a need for claim resolution, billing issues, or underwriting approval.
Integrity and honesty are at the heart of our business. We will never compromise our values by acting on unethical business practices. Dempsey & Siders always does what is in the best interest of our customers. The D&S team treats customers as we would want to be treated.