Homeowners Insurance
The biggest investment most people make in their lifetime is the purchase of a home. Homes come in all shapes and sizes: condominiums, co-ops, century old landmarks and newly built structures. Whether you own or rent, a home is a major investment, both financially and emotionally. If something disastrous should happen, you'd want insurance protection that is broad enough to help you repair or rebuild your home and replace its belongings. That is why it is important to make sure that you are properly insured to protect that sizeable asset.

Homeowner's insurance provides protection for an owner-occupied property and includes coverage for the dwelling, other structures, personal property (i.e. furniture, clothing, appliances, etc), and loss of use if a covered loss occurs and you need to find temporary housing while repairs are being made to your home. This coverage can be written to include guaranteed replacement cost on both the building and contents. The property portion of this policy is subject to a deductible per loss.

A homeowners policy also provides personal liability coverage if you are sued for a negligent act, or if someone hurts themselves on your property. The liability component also extends well beyond the boundaries of your home. Should you be found legally at fault for injury or loss to another individual, whether you unfortunately caused a tumble down a flight of stairs or a fall in the garage, that is the personal liability portion of your policy that will respond.

The Homeowners Policy Protects:
• Your Home, the physical structure of your home.
• Detached Structures, such as a garage or shed.
• Personal Belongings, including furniture, clothing, appliances and much more.
• Loss of Use, for living expenses, when the home is damaged and uninhabitable.
• Personal Liability, that protects you and your family against a claim or lawsuit if someone is injured or their property is damaged while at your home.

You May Also Select Additional Coverage Options:

Contents Replacement. Provides full replacement cost for personal belongings.
Additional Replacement Cost Protection. Provides the extra insurance you need to rebuild your house if your coverage amount is inadequate.
Personal Injury. Protects you against libel and slander.
Identity Theft Protection. Provides assistance from a consumer fraud specialist and covers expenses related to restoring your good name and financial reputation.
Valuable Items Plus Endorsement. Provides a blanket of coverage that is broader than what a basic Homeowners policy provides. It is the right coverage for people who own valuable possessions such as jewelry, artwork cameras and computers.
Personal Articles Floater. Provides even more comprehensive coverage that the Valuables Items Plus endorsement. It is the right coverage for people who wish to schedule items that have been carefully selected and whose values exceed the limits of either Homeowners policy or Valuable Items Plus endorsement.
Umbrella Policy. Offers an additional $1 million to $5 million of liability protection.
Flood Coverage. Flood damage is typically not covered under a homeowners policy. This affordable coverage covers damage to your property and provides cleanup reimbursement.
Pleasure Boat Insurance for small boats/watercrafts.

Saving Money on Your Homeowners Policy:
The following list shows a few of the discounts you may qualify for to lower the cost of homeowners insurance:
• New or renovated home discount
• Multi-policy discount when you insure both your auto and home.
• Claim free discount.
• Security discounts for homes equipped with: Smoke detectors, Dead bolts, Fire extinguishers or alarm systems.

How Much Insurance Do You Need:
You generally have three options to choose from when deciding how much home insurance you need, and each of these options provides a different level of coverage for your home:

Actual Cash Value:
Pays for the cost to replace damaged property while factoring in depreciation amounts. For home insurance policies, Actual Cash Value applies unless a policy states that Replacement Cost or Guaranteed Replacement Cost has been chosen.

Replacement Cost:
Pays for the cost to replace damaged property without factoring in deductions for depreciation, but payment is limited to a maximum dollar amount.

Guaranteed Replacement Cost:
Pays the full cost of replacing damaged property, with no deduction for depreciation and no dollar limit. Guaranteed Replacement Cost is not available in all states, and most companies limit the coverage to 120 percent of the cost to rebuild your home. Allowing for this amount protects you in cases of increased construction costs or other building-related fees due to inflation.

Whether you’re a home owner, condo owner, a renter, or a landlord, Daly Insurance offers insurance to fit your needs, and help in choosing the insurance coverage that gives you the best value for the best price.

Give us a call today 912-352-1400, you’ll be happy you did.