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!
Here at The Shay Agency in Wilkes-Barre, PA, we want to help all potential customers get the right insurance for their situation. Asking the right questions helps to ensure that the policy you buy fully covers your needs.
Here are three important questions to ask when you are looking to buy a new home insurance policy.
How Much Coverage Do I Need
When you are looking to purchase a new home insurance policy, always ask an agent how much coverage you need. One of the biggest mistakes you can make is thinking you need to purchase a policy based on the value of your home. This may or may not be enough coverage. An insurance agent can sit down with you and determine how much coverage you need.
What is Covered By the Insurance Policy?
Another key question to ask is what is covered by the insurance policy. Different policies offer different coverage. Always ask what is covered by the policy to help to ensure that everything within your home is covered in the event of various incidents.
What Supplemental Policies Do You Recommend I Buy?
Lastly, be sure to ask an insurance agent what supplemental insurance policies they recommend you purchase when buying home insurance. Supplemental policies may include policies such as flood insurance. Flooding is not covered under a home insurance policy, so a supplemental policy is a must to ensure you are properly protected. An agent can help you determine what supplemental policies you need.
If you are looking to purchase a new home insurance policy, The Shay Agency in Wilkes-Barre, PA would love to assist you. Contact us today to get a free estimate or try our online rating tool for a quote.
At The Shay Agency, finding the right insurance product is only the beginning of what we offer our clients every day.
Insurance offered to Wilkes-Barre, PA homeowners provides both peace-of-mind and financial security. Insurance, sophisticated financial/managerial tools, spreads risk and costs from one to the many. A litany of issues impacts how insurance underwriters and insurance actuaries determine the type and the price of products offered at the consumer level.
Climate change has had a dramatic impact on the insurance industry during the past century. Unexpected shifts in the scale or location of severe weather events are among the most pertinent issues affecting the delicate balance of the current insurance system. Curiously though, some insurers expressed concern about climate change more than three decades ago.
What can a homeowner do to protect themselves and their property against weather disaster?
Homeowners must reach out to the experts to determine which supplemental policies might be needed to increase coverage, for example, home insurance. Those homeowners who already have supplemental policies should consider modifying the coverage amounts. With random weather events occurring, such as unpredictable earthquakes, tornadoes, and hurricanes, it is important to make sure you have the coverage that will sufficiently provide replacement protection for your home and belongings.
The insurance agents at The Shay Agency serving the Wilkes-Barre, PA area are ready to discuss solutions to meet coverage options in the face of weather disaster. At The Shay Agency, we proudly deliver excellent customer service and work with cutting-edge tools to provide you with quality insurance. Our well-trained and well-versed staff can expertly meet your changing insurance needs.
Give us a call at (570) 704-0074.