Protect your most valuable asset with the right policy. Serving Plano, Allen, Frisco, McKinney, DFW, and all of Texas.
If your home were damaged or destroyed, you would want to feel confidant that your Insurance Agent has you covered with the most complete coverage available.
At Matt Lohoefer Insurance we make sure of that coverage for you. We will make sure you understand your complete coverage and all the details. We can help you find the right Home Insurance policy that will best meet your needs and provide the most valuable combination of tailored coverage, quality service when you need it, fair claim service, and the right price.
Whether you need home insurance, renter’s insurance, condo insurance, townhome insurance, landlord insurance or even a vacant house insurance policy we can provide you peace of mind knowing that we are experts in all of these policies and can guide you to the proper coverage. Contact us now for a quote!
What Is Home Insurance?
A home insurance policy helps protect your home, condo, townhome, apartment or rental home for the disasters that can most likely happen. These are things like hail damage to the roof, water leaks in the house ruining carpet and flooring, vandalism, theft and even fires and tornadoes that can destroy the entire home. Many policies also cover you for liability claims.
Homeowner insurance policies have changed over the last several years and now you need an Independent Insurance Agent to help you understand the coverage explanations. Gone are the days when everything was covered. Now you need someone to make sure you are covered with a complete comprehensive policy that includes full replacement coverage for any damaged item, especially the roof!
How Much Does Home Insurance Cost?
Your home insurance policy is most often made up of the specific options you choose, so how much you’ll pay for your policy depends on:
- What you select. Oftentimes homeowners insurance options are priced individually, so how much you’ll pay for your policy depends on what coverages you buy.
- How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
- Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.
Common Coverage Options
Protection for Your Home
Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
Protection for You and Other People
Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.
When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.
This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
Additional Living Expenses
If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses-commonly for up to 24 months-while damage is assessed and your home is repaired or rebuilt.
Protection for Your Belongings
Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
Scheduled Personal Property Coverage
If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.
If You Rent Out Your Home
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.
Protect the Things that Matter to You
Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video — using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.
Every home is unique – talk to us today to find out how to get the best price and value on homeowners insurance for you.
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