Your Home Is Likely Your Most Important Asset
A person’s home is often the biggest asset they have. Making sure that it is properly insured is a critical component of protecting yourself financially.
At Graham, we work with you to make sure that you have the coverage you need. We help you prepare for the unexpected and protect you from hazards before they become a problem. We help you choose a policy that gives you the peace of mind you should get from home ownership.
What is Home Insurance All About?
Home insurance covers the hazards that most homeowners face—everything from fire to theft, a cracked foundation to accidents on your property. When a loss occurs, you will file a claim with your insurance carrier and you are paid for the expenses, minus any outstanding deductible amounts.
Insurance also covers personal liability exposures, to protect you from many situations that could lead to lawsuits from others.
For instance, if someone slips and falls in your home, or is injured somewhere on your property, you can be held responsible. Liability coverage is there to protect you.
You could also potentially need insurance to protect you from having to pay for:
Damage from Storms / Natural Hazards
Manufactured home coverage
As well as
Replacement cost for personal property, Dog bite liability Insurance, Sewer or septic backups, Umbrella liability insurance, & Sinkholes
Little known facts about Homeowners Insurance
There are many things about insuring a home that most consumers aren’t aware of; at Graham, we take the time to explain these coverages and discuss their applicability to your home ownership situation:
- Most policies will not cover sewer back-up unless you purchase a special endorsement—it’s not expensive, but you won’t get it if you don’t ask for it
- Damages caused by surface water or water that flows below the surface of the ground aren’t usually covered
- A standard Homeowners policy typically does not include Flood Insurance
- A standard homeowner policy only covers jewelry up to set limits if the loss results from one of the perils named on the policy
- Many policies default to actual cash value, which means if you purchased a widescreen TV and home theater system for $1,000, it may now only be worth $450, so that’s all you’ll receive on the claim. Replacement cost insurance pays out the total replacement value of your possessions, not their market value, in the event of a claim.
Who Needs to Insure Their Homes?
Homes you rent to others
Mobile homes on acreage
CBS homes (Concrete Block Structure)
Seasonal resident homes
Why We’re Different
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.