Protection for my Home: A Guide for Homeowners Insurance

​In buying a home, home insurance is always essential to secure its protection and safety. Before purchasing homeowners insurance, consider first the cost and coverage you need for your own home.

Components of Home Insurance
Homeowners insurance provides coverage to many areas. It secures protection in case your property is damaged, or there are losses. Most disasters like fire damage, water damage, theft, vandalism, and damages acquired from electrical and structural issues are covered.

1. Dwelling Protection
   You are protected if there is damage in your home, and its attached and unattached structures. Dwelling Protection includes your garages, fences, and sheds.
   
   
2. Loss of Use
   You are protected if your home acquired irreparable damage that requires you to move out or replace it altogether.
   
   
3. Damage to Personal Property
   You have coverage in case your property gets damaged under the circumstances mentioned before.
   
   
4. Liability Coverage
   You also have protection in case a guest or visitor gets an injury from your property. Liability Coverage covers medical and hospital expenses as well as costs of lawsuits.

Selecting the Policy for Me
Homeowners insurance is beneficial in many ways, most notably in securing you financially if you acquire significant losses due to the damages your property sustained. In selecting the policy, consider getting enough coverage to rebuild your house and its contents in case of destruction. You can estimate the amount you need for insurance by checking the value of your property and its contents.

Review the offers for deductibles and get the one that is most fitting to your needs. Higher deductibles usually equate to lesser annual or monthly premiums. Decide according to what is suitable for you and your budget at hand.

Keep in mind that when it comes to your home insurance cost, insurers take into account the size, age, location, cost of rebuilding, risks, and protective measures of your home before they give you rates. Having a vehicle that you also want to be insured can also give you better discounts.

Conclusion
Having a good homeowner’s insurance policy is an excellent investment for the future. It saves you from possible financial burdens and secures your home.

At Arnold, Bruce & Doerfler Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (503) 222-1951. Get your free quote today by CLICKING HERE.