Providing you with personal insurance for your home.
How we serve you is as important as what we provide.
Most standard homeowners, mobile homeowners, condominiums, and renters insurance policies do not cover earthquake damage. Similar to flood insurance, earthquake insurance usually must be purchased separately.
Many people assume their residential insurance policy fully protects them, but if you look at a typical policy, you will see it does not cover earthquake loss. In addition, government disaster-relief programs are extremely limited—they are designed to help you get partly back on your feet, but not to replace your home and everything you lose. So if an earthquake strikes tomorrow, will you have the financial resources to pay for earthquake damage to your home and its contents?
Did you know that your homeowners insurance does not cover flood damage? Insurance against flood must be obtained separately. A flood insurance policy also reimburses you for the work that you and other family members did to sandbag your homes, move furniture and remove debris.
The Federal Emergency Management Agency’s (FEMA) maps are important when it comes to flood insurance because if they show that your home sits in a 100-year flood plain, you must buy federal flood insurance in order to get a mortgage. If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional.
The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way — unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.
- Detached structures on your property, such as a carport or garage
- Your personal belongings
- Living expenses if your home is seriously damaged by a covered loss
- Injuries that might occur on your property (up to the limits you choose on your mobile home insurance policy)
While a home might be “in a good neighborhood,” or “looked after” by a neighbor, friend, or family member, not having the owner present at a residence can and often does result in a significant damage claim at the property. The chance of loss is so dramatically increased, a special type of insurance is required for a vacant property.
Only a handful of specialty insurance companies will underwrite these types of policies and even then significant restrictions on coverage will apply. We have a portfolio of companies that can place coverage, up to and including Underwriters at Lloyds of London.
Owning an investment property brings with it a large degree of liability. In addition to the building itself, you may be responsible for injuries received by others while they are on your property. You could also be held responsible for damage to their belongings.
Types of Properties Include:
- Commercial Property
- Vacant Property & Land
- Rental Home
- Commercial Investment
- Residential Investment
In case your house or apartment is broken into, destroyed by a fire, or perhaps a friend gets injured at your home, renters insurance provides financial protection for you and your family. It pays for the repair and replacement of lost items as well as any liability issues you may be responsible for.
A renters insurance policy from The Polesky Insurance Agency can provide you with coverage for your personal items and personal liability to protect you from the unexpected.