Home Insurance

What Will Home Insurance Cover in Illinois?

There are a few parts to home insurance coverage.

• The first is the structure of the home, which will include any damages to fixtures, such as electrical wiring, plumbing, or permanently installed air conditioning systems.
• The second is other structures on your property that aren’t attached to the home, such as a shed or a pool house.
• The third is your personal belongings and property in the home. This can include furniture, clothing, electronics, and appliances. It’s important to note that this also includes when your property isn’t inside the home. If your property is stolen from a public storage unit, then it’s covered up to a specific limit.
• The liability portion will cover your legal responsibility for any property damage or injuries you or family members cause to others. Depending on your policy at Presidential Insurance Agency, you may also have coverage for additional living expenses if an insured disaster leaves you unable to live in your home while it is being repaired temporarily.

What You Should Know about Home Insurance in Illinois

You aren’t required to have home insurance by the state, but your mortgage company may require you to have coverage as a condition for your loan. Even after you pay off your home, you still may want to consider home insurance because of the benefits it provides. Certain disasters won’t be covered under any home insurance policy, such as floods. If you want flood coverage for your home, you will have to purchase additional flood insurance. While coverage for your belongings is standard in any policy, you should have extra coverage for expensive items such as artwork, jewelry, or furs. An updated home inventory can help you make sure that you have enough coverage for your belongings. You should review coverage yearly as things may change and you could need more coverage if you remodeled your home or purchased big-ticket items.

Contact Presidential Insurance Agency to get a quote on home insurance.