What is homeowner's insurance?
We protect the roof over your head and everything under it, especially your sense of security.
We offer broad protection that you can trust, plus affordable rates, and outstanding service.
Hall Insurance Agency's Homeowner's Insurance Policies offer protection for your dwelling, as well as your personal possessions and personal liability.
If something like fire makes your home uninhabitable, our policies cover the increased costs of a place to live until you can move back in.
We can replace personal belongings at replacement value – not the depreciated value.
Homeowner's insurance can help protect you in case of a liability lawsuit against you.
This could occur in a situation where you are held responsible for:
- Injury to another person
- Damage to another person’s property
This could apply whether the incident occurred within your residence or elsewhere.
Insuring your home's structure
Your family's security primarily depends on having a safe, comfortable place to live.
Your policy will contain a description of your home's structure and a list of excluded events. If something happens, you can make a claim.
Your Residence Type Matters
Structures vary so widely that a different policy is required for each type of home.
- Condo policy typically covers interior structures like wallboard and lighting fixtures. Depending on your state, your association by-laws, and insurer, external walls will not be covered.
- Home's entire structure is covered along with sheds and detached garages.
- Manufactured Home's entire structure is usually covered, while sheds and garages may require an optional policy.
- Renter's policy usually has no physical structure coverage at all, but it does provide essential liability and contents coverage.
Most Unfortunate Events Are Covered
Most insurance companies offer coverage for the same events that may damage the structure of your home, including fire, smoke, lightning, wind, hail, frozen plumbing, theft, explosion, vandalism, the weight of ice and snow, and a few others.
Excluded Events Are Named in the Policy
An agent can explain the events that would not be covered by your specific policy when it comes to your home's structure. Typically, floods and earthquakes are excluded from basic policies, but you may be able to get insurance for those with separate policies. A few other conditions most companies specifically exclude are mold, fungus, wet rot, dry rot and bacteria.
Insuring your personal property
The kinds of things we are buying are changing. While your parents may have spent a lot of money on furniture, you may find yourself spending more on home electronics and trying to figure out which remote to use.
Taking the time to understand how your coverage works can help you make sure everything you value is adequately covered.
The Amount You Have to Replace Your Stuff
There is a maximum amount your insurance will pay for your personal property. This limit is usually a percentage of your structure limit (the maximum amount your insurance policy will pay to rebuild your home).
Special Categories That Have Limits
Insurance companies group certain kinds of things into categories. Some categories have a maximum amount that can be paid to replace all the items in the category. Within a few categories, there's also a maximum amount to be paid for any single item. To make sure all your stuff is adequately covered, you'll want to go over your policy's category and item limits with your agent. Actual Cash Value vs. Replacement Cost.
Most of your things decrease in value over time. That purple leather sofa isn't worth anywhere near as much as you paid for it back in '92. When you purchase coverage for your personal property, choosing Actual Cash Value or Replacement Cost is one of the most important decisions you may need to make.
You meant to clean the ice off the stoop before Aunt Anna arrived, but she was early, and now she has a sprained wrist — an injury she really can't afford. Of course, Aunt Anna isn't going to sue you, but it's nice to know you have Guest Medical coverage included in your homeowner's policy so Aunt Anna can be reimbursed for her emergency room visit. Policy holders with Guest Medical coverage can feel confident in offering to help pay for that trip to the emergency room.
Typically, Guest Medical pays for medical expenses (up to policy limits) caused by accidents at your home that are not covered by liability protection.
Reasonable medical expenses incurred to resolve a medical emergency will be reimbursed, for example:
- License Nursing
- Funeral Service
- Prosthetic Devices
- Eye Glasses
- Hearing Aids
...and so do lawsuits. Liability insurance helps keep a stranger's misfortune from becoming yours. For example, letting a tree branch grow over the sidewalk doesn't look like a dangerous hazard. But if a child is knocked off her parent's shoulder, falling to the sidewalk – you could potentially be accused of negligence and sued. If you are found liable in court, your personal assets could be at risk.
Family Liability Coverage helps protect you against the financial uncertainty arising from injury or property damage that you or your family may cause to other people – on or away from your property. It typically includes compensation for the injured party, the cost of defending you in court and any court awards or settlements up to the limits of your policy.
If you're insuring your rental property with a homeowner's policy, you may be spending more than you need to. The Landlords Policy can help protect landlords with smaller properties-from single-family homes up to four family-rental units. It helps cover:
- Up to 12 months of lost rental income
- Damages to your property
- Damages you are legally obligated to pay
- Legal fees
Coverage Landlords Need
As a landlord, you need more protection than an average homeowner's policy provides. In addition to property and liability coverage, the Landlords Policy provides coverage for special risks landlords face.
Your rental property can put you at risk of a lawsuit. This coverage provides protection against non-auto liability injury claims or property damage occurring on your property.
Fair Rental Income
If you can't rent out your property because it's damaged, you're losing valuable rental income. With Fair Rental Income protection, if your property becomes uninhabitable because of a covered loss, you'll receive compensation for the rental income you would have received. This covers the time required to either repair or replace the rental unit - up to a maximum of 12 months.
Do Your Tenants Have Renter's Coverage?
If your property is robbed, your landlord's policy likely won't pay to replace any of your tenants stuff. Make sure your tenants have coverage for personal property, family liability, guest medical and additional living expenses. Have them ask us about Renter's coverage. Have you Considered Purchasing a Personal Umbrella Policy?
As a landlord, having the proper protection is important. ask us about our personal umbrella polices.
Are discounts available?
Multiple Line Discounts:
When you purchase your homeowner's and auto insurance from Hall Insurance Agency Inc., you could be eligible for premium discounts on both policies.
Home Alert Discounts:
You may qualify for premium discounts for having such devices as fire or smoke detectors, or burglar alarms (this may not be available in some states or provinces).
In Addition, You May Be Able to Lower Your Premiums with Higher Deductibles
Higher deductibles lower your premium, but increase the amount you must pay out of your own pocket if a covered loss occurs. Ask yourself how much you are willing to pay in order to save on premium.