Home Insurance Chester County PA

Evans Insurance Services in Chester County PA offers a wide selection of home insurance policies from the nation’s most trusted insurance companies, all at highly competitive rates. Home Insurance is a type of insurance policy that protects you financially should your home or property be damaged in a covered event or in the event of a covered lawsuit.

Most companies offer different home insurance packages, from the low end to the high end. Always be careful when getting quotes and make sure you aren’t shopping on price alone because unlike car insurance each policy can vary greatly and you would never know unless you read the fine print in the policy. Ideal things to look for should be guaranteed replacement cost on the structure, all risk coverage on your structure as well as your personal property, high liability limits, 100% coverage for ordinance or law protection, and always include sewer and drain back up protection. For most people your home is your biggest asset so make sure you have the best policy you can afford so at claim time you will be happy you did.

Dwelling Coverage

Dwelling coverage covers the expense of repairing or rebuilding your home in the event that it is damaged or destroyed in a covered event such as fire, lightening, wind, hail, etc. To protect your Dwelling for earthquake you may be able to add an endorsement to your home policy. But if you want to protect your dwelling against flood you must purchase a separate flood insurance policy. The amount of coverage you should purchase on the dwelling can be determined by completing a cost estimator. Evans Insurance Services uses the latest up to date state of the art technology in determining the true rebuild cost of your home. Remember it’s important to insure your home based on the rebuild figure not the market value of your home. To determine the amount of coverage you should purchase for your home, please contact steve@evansinsuranceservices.com

Personal Property or Contents

Personal Property or Contents Coverage is the part of your home insurance policy that covers the cost of replacing your possessions (the contents of your home), should they be destroyed in a covered peril such as wind, lightening, hail, or fire. This coverage is typically figured automatically and is a percentage of your dwelling figure. Some companies provide you with 75% of the dwelling figure but it can be as low as 50%. No matter what percent a company uses make sure they provide you with replacement cost protection. This means that if you have a loss to a ten year old television they will replace it with a brand new one of like kind and quality.

I would suggest that you create a home inventory shortly after buying a home insurance policy, this will give you peace of mind should you ever experience damage or loss of your home. You should video tape your belongings, take photos, store receipts, and store it all off site. If you ever do have a fire loss, you will find that a home inventory will insure that your claim will be settled much more quickly and easily than if you had not taken these precautions.

Medical Payment Coverage (MedPay)

This type of coverage will help to cover medical costs should someone be injured on your property, yet not wish to sue you for damages, such as:

• A friend slipping on a wet floor and injuring their back.
• A neighbor’s child falling out of a tree in your yard.

Loss of Use

Loss of Use coverage protects you if your home is damaged or destroyed and you need to seek other living arrangements while repairs are being made. Loss of Use coverage will reimburse you for living expenses you may incur while your home is being repaired. Most Home Insurance policies will provide Loss of Use coverage of up to 20% of the Dwelling coverage or up to 12 months time period with no specific monetary limit.

Other Structures Coverage

Other Structures coverage is the part of your home insurance policy that covers the cost of repairing or rebuilding other structures on your property (other than your home), such as garages, sheds, green-houses, barns, etc. A standard home insurance policy will usually provide 10% of the total Dwelling coverage for other structures coverage and may go as high as 20%.

Personal Liability Insurance

Standard home insurance policies usually include a minimum of $100,000 per liability and typically go as high as $500,000. If you desire more liability protection purchase an umbrella policy it can extend your liability limit up to a $1,000,000 or more depending on what you purchase. Personal Liability Insurance is the portion of home insurance that protects you and your family members against lawsuits, such as:

• Your child’s friend is accidentally injured while playing.
• Your dog bites the mailman.
• Your housekeeper falls on a wet floor and hurts her back.

For more information, please contact steve@evansinsuranceservices.com