Those that live in the Wilkes-Barre, PA area are going to find that owning a home is a good long-term housing option. If you want to own a home in this area, you can find that it is a major asset that requires proper support and protection. Those that are looking for a way to cover their home should get a home insurance plan. You may need to have this coverage for a few reasons.
Protect Your Asset
A top reason to get a home insurance plan is so you can protect your asset. Buying a home is a very significant purchase and investment. Due to this, you need to make sure that you are protecting this investment as well as you can. Home coverage will provide you with a lot of support that can help to repair your home in some situations.
Comply with your Requirements
You also need to have home insurance to comply with various requirements. If you intend to take out a mortgage, you will need to have insurance to stay in good standing with your loan agreement. Also, if the home is located within a larger association, there is likely a rule that will require you to carry coverage.
Owning a property will always be a good housing option in the Wilkes-Barre, PA area. If you want to live in this area of the state and be a property owner, getting the right insurance coverage continues to be very important. As you are looking at your options, starting your search with The Shay Agency is a good idea. The team with The Shay Agency can offer any support that is needed to build a plan and ensure you remain fully covered and in compliance with any insurance obligations.
People living in Wilkes-Barre, PA may not spend a lot of time worrying about flooding, but it is a real threat. It is dangerously close to the Susquehanna River that surrounds the main part of the city. The river usually stands at around 510 feet. If the river rises much above this normal level, flooding can occur very quickly.
Flood Insurance that Stands By You
The Shay Agency that serves the Wilkes-Barre, PA area is involved in helping people to prepare for the unexpected so that rebuilding and repairs can begin quickly following a flood.
The average cost of flood repair is around $3700 for every 200 feet, according to one source that keeps data on the history of flooding in various areas of the country. Imagine having to pay out-of-pocket for this. Most people simply cannot afford to do so. And you shouldn’t have to.
Know Your Risks
The NOAA Weather Service keeps logs of flood information for various areas of the country. They recorded that the flood stage of the Susquehanna River is 22 feet. It is important to monitor the current stage of the river in your area and get out of the area when it is near the flood stage, especially if you live close to the banks of the river.
Why Have Flood Insurance?
Having adequate flood insurance before a flood hits will keep you from worrying in the event you are hit by flooding or other potential disasters. Insurance is like a seatbelt that you hope you never have to use. But if you don’t wear it, it cannot help you.
If you have concerns about whether you should carry flood insurance and how much, see The Shay Agency for more information and find out how much insurance you should carry based on your personal flood risk.
Home may be where the heart is, but it is also one of the largest investments you will ever make. Protecting it solidifies your financial situation. Risks are everywhere and knowing what you need to be protected from helps you to make sure you have the right coverage. At The Shay Agency in Wilkes-Barre, PA, we are an independent agency, and we believe it is our responsibility to represent our customer’s interests. We will be there for you if you ever need to file a claim, and we are here to discuss any questions you may have.
Do I need to have home insurance?
If you own your home outright, then no you don’t have to have home insurance, it is not mandated by law. If however, you have a mortgage; your lender will require that you have enough home insurance to protect their investment in your home.
What is the right deductible?
The right deductible is one you can easily pay and allows your home insurance to be affordable for you. The higher your deductible the lower your premium. Average deductibles range from as low as $500.
What discounts are available?
Talk to your agent about available discounts. If you get your home and auto insurance from the same carrier you may be eligible for a multi-policy discount. Having safety equipment installed in your home and being close to a fire station are also ways to qualify for a discount.
What things aren’t covered by home insurance?
Home insurance doesn’t cover everything. It excludes floods, sewer backup, earthquakes, mudslides, and sinkholes. Don’t expect your insurance to pay for termite or mold damage.
When you are in the market for home insurance The Shay Agency in Wilkes-Barre, PA is here to meet with you. Give us a call or visit our office for a free quote.
If you own a home, you need to purchase home insurance. However, you do have a few options to choose from when it comes to your home insurance policy. We offer home insurance for those in Wilkes-Barre, PA at The Shay Agency.
The following are three key options to consider when you purchase home insurance.
Amount of coverage regarding liability expenses
You will be able to choose from various maximum coverage options regarding liability expenses. You might find policies offering as little as $100,000 in liability coverage or much more than $300,000. You need to calculate your liability coverage needs depending on your risk of experiencing a liability lawsuit at your property.
Additional living expense coverage
It’s always a good idea to invest in added coverage for additional living expenses. If severe damage occurs at your property, you might be temporarily unable to live at your property. In this scenario, it’s important to invest in coverage for additional living expenses.
With additional living expense coverage, you’ll have the rent costs for a temporary living space covered on your home insurance policy.
Actual cash value vs. replacement cost
One of the most basic decisions you’ll make is whether you want an actual cash value or replacement cost policy. Actual cash value policies tend to be lower cost, but they also don’t provide as much coverage. Replacement cost coverage is more secure in the event of a damage claim for your property.
Let us help you choose between various options for your home insurance solution in Wilkes-Barre, PA. We can help you learn more about your options when it comes to home insurance at The Shay Agency.
As a homeowner, it’s important that you purchase the correct amount of home insurance to replace your house and belongings after an unexpected event like a natural disaster. The Shay Agency, which serves Wilkes-Barre, PA and surrounding areas, is happy to consult with you and discuss precisely how much home insurance you’ll need for your individual situation. You’ll need to have enough home insurance to cover the following:
You’ll need to have enough insurance to cover repairs to your home or potentially rebuilding it entirely. You’ll first need to have a full assessment of your property performed so that you have documentation of how much your home is worth and how much it would cost to replace its various elements. If your home is damaged in a natural disaster, a fire, or another adverse event, your insurance policy can help you replace what you’ve lost.
As you note details about your house and property with an insurance adjuster, be sure to call out any special features that will cost additional money to replace. Do you have an attractive stained glass window, custom hardwood flooring, or specialty woodwork in your home? These will all make your property more valuable and should be noted on your insurance policy.
You’ll also need enough home insurance to cover the majority of your possessions. Spend some time taking an inventory of the items in your home that will be expensive to replace. Consider taking photos of your items, or taking a video tour of your home and noting all of your belongings, as well as the date and time.
As you determine how much home insurance you need to carry on your house and property, speak with a skilled insurance professional with The Shay Agency. They’ll be happy to help you determine the exact amount you need to protect yourself against damage to your Wilkes-Barre, PA home.
When you live in the Wilkes-Barre, PA area, there are a lot of opportunities to enjoy appreciation if you own your own property. Due to this, owning a home in this area can be a great long-term financial decision as it also gives you a stable place to live. If you are going to purchase a home in this town, it is important that you properly insure it with a home insurance policy. There are several forms of coverage that are included with your home insurance.
One type of coverage that is included with your home insurance policy is property protection. When you own your own home, you are going to have a major asset that will require a lot of personal investments. Further, under the roof of your home will be all of your personal assets. When you get an insurance policy for your property, you will receive coverage for all of these assets.
Another advantage of getting a home insurance policy here is that it can provide you with liability protection. Anyone that owns a property in this state is going to take on risk. If you have guests over, you could be held liable for damages if they are injured. When you get a home insurance policy, you are going to receive some personal liability coverage.
Whenever you are ready to start looking for a home insurance policy in the Wilkes-Barre, PA area, you should contact The Shay Agency. At The Shay Agency, you can be treated very well by a team of insurance professionals that will keep your best interests in mind. This team of professionals can assess your situation to figure out what form of coverage is right for you and properly covers you and your property.
In order to make an informed decision about home insurance, the first step is to get educated about home insurance. A licensed and registered insurance agency such as The Shay Agency serving Wilkes-Barre, PA can not only educate you about home insurance but also guide you with the best policy that fits your needs and preferences. Usually, the biggest mistake people make is to not understand what their policy covers and what it doesn’t cover. Also, most people have no idea what sort of maximums should they get in order to sufficiently protest.
The insurance agents need to go into details with their customers on what the policy entails. The customer needs to have a basic understanding so they are able to actively listen and understand the differences in each policy. Going for higher deductibles can save money in the premium payments but that also means in a situation where insurance is needed, the amount of the deductible has to be met before the insurance kicks in.
It is also important to understand that your home insurance doesn’t protect against anything that happens to the home. For example, typically home insurance doesn’t cover for flood damage. Even though your home was damaged in a flood, home insurance will not cover that. You will need to get separate flood insurance coverage to provide protection. It’s not all about policy, the customer service of an insurance agency is as important as the policy itself. Make sure you go with an agency that has a track record of good customer service. One such company is The Shay Agency. In order to get in touch with The Shay Agency serving Wilkes-Barre, PA, use the contact information provided on the website. The staff at the agency will be glad to assist you.
Selecting your first home can be an enjoyable process as you prepare to be a new real estate owner. Through the process, you should be able to choose an insurance agency to align home insurance for your new purchase. First time homeowners enjoy having the steps simplified through the process of placing a purchase contract and closing on their home. The insurance planning can be easier with a friendly staff that has experience working with first time buyers. Your home purchase is important and experience with the process can be helpful. The Shay Agency is proud to work with these new buyers during the process. Serving the Wilkes-Barre, PA area, the agency has a trained staff ready to answer your questions.
Plans for moving into your new home can be simplified with online resources that offer tips and techniques for preparing to relocate all of your belongings. This can be enjoyable with some helpful ways to pack. There are also ways to prepare your storage containers for easier unloading of everything when arriving at your new home. A really nice tip is to plan your first meal in the new home and celebrate your incredible real estate purchase.
You can call the agency when deciding to begin the process of finding a home or you can contact them anytime throughout the process. The availability of more affordable homes in the Wilkes-Barre, PA area makes it nicer for homebuyers, including those making their first real estate purchase. Planning can be easier with online resources to walk you through this process. The Shay Agency enjoys working with first-time homeowners and can help simplify insurance planning for your home purchase. You can contact the staff or visit the agency’s office for more information.
Owning a home is a great long-term investment, when you do own a property, it is very important that you have home insurance. While most people are aware of the necessity to have home insurance, not everyone gets it. If you do not have home insurance in place, a number of different things could happen.
Inability to Make Repairs
The main benefit of having home insurance is that you will receive coverage if your home is damaged or destroyed by a fire, storm, flood, or other casualties. If you do not have home insurance in place, you will not have this coverage. Unless you have a lot of money saved, you might not be able to repair your property.
No Liability Protection
If a guest or visitor of your home is injured when they are at your property, you could face a lawsuit. If you have home insurance, you will receive liability coverage against these risks. If you do not have this insurance coverage, you could end up being sued and having to make restitution out of pocket.
Violation of Agreements
If you have taken out a loan to buy your home, you will have to maintain home insurance until the loan is paid off. If you do not have insurance, you will be in default under the loan agreement. The lender could then take whatever action they see fit, including forcing you to pay off the loan.
Since it is very important that you have home insurance, The Shay Agency in Wilkes-Barre, PA can help and provide the assistance that you need. When you contact The Shay Agency in Wilkes-Barre, PA, the insurance team will help you to find a policy that provides you with the right level of coverage for your situation.
What better time for your oven to give way to the pressures of being old than the day before your grand dinner party? You have dozens of guests who are counting on a hot meal to come from your kitchen, and your oven has decided that it no longer desires to fire up. You have to find another way to make your dinner party a success, which means that you will not have the funds to buy a new oven.
Will your homeowner’s insurance policy cover the event? Read on to find out! Contact an agent from The Shay Agency in Wilkes-Barre, PA to learn more about what is and is not covered by your homeowner’s insurance policy.
Does a homeowner’s insurance policy cover appliances?
The average homeowner’s indemnity plan will only pay for damaged or broken appliances that fall prey to severe storms or other things that damage the overall structure of your home. The roof caving in on your oven would make it eligible for replacement under your homeowner’s insurance plan.
Unfortunately, normal wear and tear are not typically counted as events covered by your standard homeowner’s insurance policy. There are, however, instances where you can purchase an add-on that pays for an old oven so long as the appliance came with the home. Of course, your residence may not qualify for such added coverage if it was sold to you as a fixer-upper. There is also the option of purchasing umbrella insurance that covers everything from worn appliances to broken laptops.
Call The Shay Agency for Your Insurance Needs!
The agents at The Shay Agency in Wilkes-Barre, PA have been in the business of finding the right homeowner’s insurance policies for its customers for many years. Contact us today to get a quote and have your questions answered!