Your home is your castle and it is up to you to protect it with the right home insurance coverage. There is no one size fits all philosophy for adequately insuring a home, though. Each family and home is different and unique. That is why you need to work with a trusted agency, like Fraser Brothers in Central New Jersey, to help you determine your home coverage needs.
What Kind of Protection does Home Insurance Provide?
While policies vary from one provider to the next, there are essential basics that the average homeowner’s insurance policy does cover. These include:
- Damage to your home’s structure.
- Theft and damage to the property contents.
- Personal liability insurance coverage.
Each of these is important to homeowners in different ways. For instance, damage to the structure of the home also extends to freestanding structures, with many policies, such as garages and tool sheds, providing coverage against damage caused by fire, lightning, tornadoes, hail, and vandalism…essentially any covered damage. Some policies will eve pay for your living expenses while repairs are being made to your home.
Property theft and damage covers not only the cost of replacing items stolen from your home or destroyed as the result of a covered events, but also covers personal property items that are stolen are damaged away from your home.
Personal liability insurance, in today’s litigious society, is a necessity for every New Jersey property owner to help cover court costs, medical bills, and damages awarded if someone becomes injured while on your property or if your property damages the property of someone else. This is helpful if your tree falls on your neighbor’s house, for example.
It’s important to note that there are some notable exclusions when it comes to a homeowner’s policy in the form of flood insurance and earthquake insurance which must be purchased as separate policies.
Who Needs Homeowner’s Insurance?
Anyone who owns a home should also purchase home insurance. It’s simply a matter of protecting your investment. In fact, many mortgage companies require homeowners who have mortgages to purchase home insurance sufficient to satisfy the debt to the lender at the very least. However, some mortgage lenders will require New Jersey homeowners to purchase flood insurance in addition to traditional home insurance coverage.
Cutting Costs on Home Policies
There are many ways New Jersey residents can save big when it comes to buying insurance for their homes without sacrificing the full scope of coverage they need to protect the investment, including:
- Bundling automobile insurance with your home policy.
- Installing a hail-resistant roof on your home.
- Upgrading your security system.
- Investing in storm shutters.
- Raising deductibles.
Why Fraser Brothers for Your Home Coverage?
Fraser Brothers has served Central New Jersey’s insurance needs for home, business, and car insurance since 1903. We’ve worked hard during that time to earn and keep your trust by providing superior service, affordable rates, and dependable insurance coverage.
Click below for a free home insurance quote designed around your family’s unique home insurance coverage needs.