Personal Homeowners Insurance

The Armstrong Company Insurance Consultants provides a broad range of coverage for primary residences, vacation and secondary homes, condominiums, rental properties and renter’s insurance. We have the capability to insure homes and dwellings of all sizes and usage, including complex high-valued estates.  We know how important it is to protect your home and personal belongings.  Regardless of whether you own or rent, insuring your property and belongings, your most valuable assets, is essential. An appropriate home insurance policy can provide the coverage you need to repair or replace your dwelling and/or belongings in the event you suffer a loss due to fire, theft, vandalism, or other covered perils; in addition, pay for costs while you are displaced from one of those events. It will also cover you in the event someone is injured while on your property and wins a legal judgement against you.

The Homeowners Policy

Homeowner policies differ by which losses are covered, which coverage’s you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specific losses you want protection against. The two types of homeowners policies, also known as multi-peril policies, are:

  • Specified perils — Covers losses resulting from perils specifically listed on the policy.
  • Special Form — Covers losses resulting from all perils that the policy doesn’t specifically exclude. (Also called Broad Form coverage.)

For additional premiums, other losses such as earthquakes and wind can be covered.

Types of coverage

Four types of homeowner coverages are:

  • Structural — Covers damage to your home or dwelling.
  • Personal belongings — Covers damage to items in or on your home or dwelling.
  • Liability protection — Covers your legal responsibility for injuries or damage to other people or property.
  • Additional living expenses — Covers costs for temporary housing, meals, etc., while your home is being restored or rebuilt.

Structural and Personal Belongings coverages are available on an actual cash value (ACV) basis or at full replacement cost. ACV coverage considers the current market value of an item based on its age and condition. So, if you purchased a television for $400 four years ago, the value today would be significantly less than it was when you purchased it. ACV coverage would depreciate the item’s value to determine the current value. Full replacement cost considers the current cost to replace an item.

Your responsibilities

Consider these points when you’re choosing coverages:

  • Policies don’t cover damage resulting from poor maintenance. If you haven’t maintained the plumbing and your walls are rotted, the insurance company is not going to give you the funds for repairs.
  • Complete an inventory of your household. You can do this by creating a hand written list or by computer, taking pictures, or recording a video. Using two inventory methods, such as a computer list and pictures, can help expedite the claim resolution process.

Coverages to consider:

Manufactured Home living
Manufactured Home living is modern and carefree…and as a homeowner, you want insurance that will add to your carefree living by giving you protection for your home, your personal property, additional living expenses and your personal liability.

Renters insurance
Renters insurance is designed for anyone who rents a home, be it a house or an apartment. You may not own the place where you live, but you still need insurance protection. Renters coverage will protect your personal property, your liability and the extra expense to move if your home becomes uninhabitable because of an insured loss.

Flood Insurance
Flood Insurance is offered through the National Flood Insurance Program.

Umbrella Liability
People are suing each other today more than ever. Verdicts amounting to hundreds of thousands of dollars are being awarded by juries across the country in increasing numbers. If you accidentally injure someone or damage their property, you could be the one being sued. Even though your underlying policies may provide substantial liability limits, it is not uncommon today for juries to award damages that exceed those limits.

Boatowners Policy
A Boatowners Policy can insure you against most risks of owning and operating your boat, its motor and its trailer. Just as importantly, it can protect you against liability lawsuits should you injure someone with your boat or damage their property.

Let our experienced licensed representatives answer your questions regarding Homeowners Insurance.  The Armstrong Company Insurance Consultants understands the homeowners insurance needs of our customers.  Contact us at 866-990-9286 or Request a Quote online today to find out how to protect your assets and your future with insurance from The Armstrong Company Insurance Consultants.  We are here to work for you!

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