You bought it, improved it, maintain it, and live in it. Your home is far more than an asset; it is where you do life. As one of the biggest purchases you will ever make, your home deserves to be protected with quality insurance that goes above and beyond to cover you against claims. At Tagge Insurance, we help Springfield area homeowners find competitive rates on exceptional coverage. After all, an extraordinary policy should have an extraordinary price.
Who Needs Homeowners Insurance?
If you own your own property or have financed a mortgage through a lender, you need homeowners insurance. Most lenders will require borrowers to purchase insurance coverage that protects their property from certain types of perils, some of which may include:
- Fire
- Smoke
- Explosions
- Lightning
- Hail
- High Winds
- Certain Types of Water Damage
- Falling Objects
- Vandalism
Even if you do not have a mortgage on your home, you still need homeowners insurance. Imagine the following scenario:
A couple pays off their mortgage before retiring. Without a house payment and lender requirements to adhere to, the homeowners decide to drop their insurance to pocket a little extra cash. Months later, a tornado destroys much of their home and blows away nearly all of their belongings. With only the money saved in their retirement accounts, the couple is forced to find a new place to live and find a way to rebuild their lives – essentially starting over. Had they maintained their insurance coverage, they could have rebuilt their home, replaced all of their belongings, and been reimbursed for temporary lodging while their house was rebuilt.
Types of Home Insurance Coverage
Home insurance is a package policy that generally contains several types of coverage. In most cases, a standard policy will include:
Dwelling Insurance
When your home is damaged due to a covered event, your dwelling insurance helps pay to repair or rebuild it.
Detached Structures Insurance
If you have a fence, detached garage, storage building or other independent structure on your property, make sure it is covered by your home insurance policy.
Personal Belongings Insurance
The contents of your home could easily be worth a hundred thousand dollars or more. When you have to start over, a check from your insurance company goes a long way toward replacing furniture, appliances, clothing, jewelry, home décor and more.
Liability Insurance
Liability insurance protects you against lawsuits or claims related to accidents in your home or on your property. If a guest trips on your water hose or a neighbor is injured in your pool, liability helps cover the medical bills, lost wages, and your legal defense fees. It can also provide coverage for injuries you, your children, or your pets cause others due to activities outside the home.
Endorsements
In special circumstances, a homeowner may need to include endorsements that provide expanded coverage. For example, you should tell your agent if you have an expensive coin collection or if you conduct business in your home. Your policy can include named coverage for items and liabilities that may not otherwise be covered in your standard insurance protection.
Home Insurance Quote in Springfield, MO
If you own a home in the greater Springfield area, contact Ron and the team here at Tagge Insurance today. We can help you build a policy that fits your needs, all at a price you can afford. We can also help you find discounts and other ways of maximizing your savings.
With Tagge Insurance, you will always be treated like family. Call our office to request your free quote. We look forward to serving you soon.
