Home Insurance in Pennsylvania
Home insurance is an affordable, practical means of protecting your Pennsylvania home and valuables against theft, vandalism, and unexpected disasters. As no two households are exactly alike, it’s essential to customize your coverage to get the essential protection you need. At Waller Insurance Agency in Lancaster, PA, we’ll help you assess your home insurance options so you can make wise decisions that will benefit you. Here are some critical facts you should know about home insurance in the Pennsylvania area.
Mandatory or Optional?
If you’ve taken out a mortgage on your home, your lender may require that you have home insurance to protect their financial investment. Otherwise, home insurance is optional. Having said this, however, it’s important to consider the consequences of not having insurance to protect your Pennsylvania home and property. Without insurance, you’d be responsible for paying for damage or loss of personal property on your own after a disaster.
Protection Home Insurance Provides
Home insurance offers the following essential protection:
- Dwelling/Other Structures
- Personal Property
If your home is damaged by fire, storms, lightning strikes, or other covered peril, dwelling insurance helps cover repair costs. It also helps pay to rebuild your home if it’s destroyed in a disaster, up to the limits of your policy. Other structures coverage protects other structures on your property like storage sheds or gazebos.
Personal property coverage is for your belongings. This coverage should match the value of your goods to ensure you get adequate protection for your belongings. If you have high-end goods such as posh jewelry or expensive electronics, you may need to purchase an insurance rider to cover their value fully.
Liability coverage protects you against accidents that may occur on your property. This includes slip and falls, pool accidents, kitchen accidents, food poisoning, dog bites, and more. Liability pays for medical costs of accidental injuries, so you don’t have to cover this expense out of pocket.
For more information about home insurance in the Pennsylvania area, contact Waller Insurance Agency in Lancaster, PA.