Home Insurance Options for Every Living Situation
Most people either own a home or rent it, and every residence has its own advantages and disadvantages. No matter where you live, quality property insurance can help give you peace of mind. Learn about coverage options that may be suitable for you. We can cover you with homeowner’s insurance, condo insurance, renter’s insurance, flood insurance, and a personal umbrella policy. It depends on where you live, but most standard homeowners’ insurance policies will cover the cost of repairing damage caused by certain risks or dangers, such as theft, frozen plumbing, fire, smoke, or storm damage. Consult with our experts at Boyd Insurance Agency to further discuss your options and which policies would match your needs and benefit you the most.
Homeowners Insurance
Homeowners insurance protects your home, property, personal belongings, and other assets. If a covered loss forces you to stay elsewhere while your home is being repaired or rebuilt, your homeowners’ insurance policy may cover living expenses at or above your normal cost of living. Standard home insurance policies cover a wide range of situations up to the limits of your coverage and minus any deductible. Learn more about home insurance coverage by consulting with our experts to determine the coverage you require.
One of the fundamental protections included in a homeowner’s insurance policy is dwelling protection, which helps protect the building’s structure, including the roof, walls, and foundation of the home where you live. Other buildings that are connected to the house, like a deck or a garage, may also benefit from dwelling protection to safeguard them from certain risks.
A homeowners insurance policy typically provides liability coverage if someone gets hurt while visiting your home. If a visitor trips and falls on your property, bodily injury liability coverage may help pay the legal expenses or medical bills associated with the accident if you are found at fault. A personal umbrella policy can increase your liability coverage limits. Contact one of our agents to help explain what is available to you.
Homeowners insurance may help cover the cost of replacing your belongings in case they’re damaged by a disaster or stolen. Many insurers offer optional coverages to further protect the things you own. For instance, you may be able to buy extended coverage for jewelry and other valuables above your personal property limits.
A detached garage, tool shed, or fence are examples of additional structures that are on your property and are likely included in most homeowner’s insurance policies. Ask your insurance agent for more information.
Condo Insurance
A condo insurance policy will cover any damage to the structure of your unit as well as your personal belongings caused by certain dangers such as fire or vandalism. You don’t have to own a house to protect what you care about; your condo is your home, and it deserves to be treated as such. Regarding condo insurance through Boyd Insurance Agency, you have several standard types of coverage to choose from that will help protect you, your condo unit, and your belongings. You can also purchase additional, optional coverage if you want even more protection. Condo insurance helps pay for costs incurred because of covered events such as theft, fire & smoke, vandalism, and sudden and accidental damages caused by plumbing, water heater, heating or air conditioning, or household appliances.
Renters Insurance
Renting a place is like renting a home. We understand if you live there, it is home to you, and you want it to be safe. Renters insurance through Boyd Insurance Agency is not only dependable, but it is also reasonably priced and will likely cost less than you think. Our representatives want you to enjoy peace of mind knowing you have quality coverage from a reputable brand. Renters insurance, like homeowners insurance, is a policy that protects you, your belongings, and your living arrangements. Other coverages, such as family liability coverage, additional living expenses, and guest medical protection, are also common.
Flood Insurance
When you buy flood insurance, you typically have a 30-day waiting period from the date of purchase until the policy takes effect. Your agent can assist you in determining the effective date and whether you qualify for one of the waiting-period exemptions. Remember, you will be responsible for the deductible, which is the amount you must pay out of pocket before the insurance will pay for a covered loss. According to FEMA, the amount will vary depending on the policy. Flood insurance policies also have limits, the maximum amount the insurer will pay for a claim. Flood waters can cause significant damage to your home and belongings, so investing in insurance is a good idea, especially if you live in an environment that gets a lot of rainy weather. Buying flood insurance is the first step in financially protecting yourself from potential flood damage.
Personal Umbrella Policy
Protect yourself from a situation where your “standard insurance” is insufficient. A personal umbrella policy is referred to as an “umbrella” policy because it provides liability coverage in addition to your standard auto or homeowners insurance. It safeguards you and your family against large and potentially devastating liability claims or judgments. In a nutshell, a personal umbrella policy kicks in when your other liability underlying limits are reached. Personal umbrella policies are optional, but they provide additional coverage. Boyd Insurance Agency’s Personal Umbrella Policies cover a wide range of losses, including damages resulting from a covered occurrence anywhere in the world for which you are legally obligated to pay:
Bodily Injury
Medical costs, loss of income, and funeral expenses of other people involved in an accident.
Personal Injury
False arrest, invasion of privacy, libel, slander, humiliation, or defamation of another person’s character
Property Damage
Physical destruction of someone else’s property, including the resulting loss of its functionality
