Homeowners Insurance in Bend, Oregon
Buying a home is your biggest investment, so it’s very important to insure it correctly with the right policy
As an independent homeowners insurance agent in Central Oregon, I have several carriers I can recommend, and I’ll help you understand what is covered and what is not. Since I’m a local broker, if your rates go up, we have the ability to find an alternate solution for you.
Why Do You Need Homeowners Insurance In Oregon?
Perhaps you may have wondered about the value of home insurance. A homeowners insurance protects against damage/destruction to your home and belongings for fire, wind, hail, and water damage. It also covers the loss or theft of possessions as well as personal liability for harm to others. It helps cover more than just the physical structure of your home too.
Typically, all banks and lenders require borrowers to have insurance coverage for the fair value of a property. This is to ensure the mortgage lender’s financial investment in your home is protected if it’s damaged or destroyed by a fire, a lightning storm or some other covered event.
What About Dwelling Fire Insurance?
This type of insurance is critical to protect your assets. Typically your renter will have insurance but a dwelling fire policy protects your interest. Below is the definition of Dwelling Fire.
Dwelling Fire Insurance protects a home against the perils specifically named in the policy. Many common causes of damage, such as fire, hail, and lightning, are usually listed as covered “named peril” in a Dwelling Fire Policy.
What Can a Customer Expect From a New Homeowners Insurance Policy?As a new homeowner in Oregon, it’s important to know what homeowners insurance covers to streamline your shopping process. A standard homeowners insurance policy will typically include the following types of coverage;
- Dwelling – Covers damage to the home and attached structures
- Other Structures – This includes outside structures such as garages or sheds systems, machinery or equipment used outside of your home.
- Personal belongings – Covers furniture, clothes, equipment and other personal items that are stolen or damaged in a covered event.
- Liability Insurance – Protects against lawsuits for bodily injury or property damage caused to others unintentionally or through neglect.
- Additional Living Expenses – This covers additional costs of living away from home, while your home is being repaired.
What Coverage Does a Homeowner Need in Central Oregon?
Your beautiful home in Central Oregon deserves quality coverage, whatever time of the year. If you’re a first-time homebuyer, you might be unfamiliar with how to determine the right amount of coverage. Essentially, you need enough homeowners insurance to cover the cost of rebuilding your house if it’s destroyed, your personal possessions as well as enough liability coverage to withstand a potentially egregious lawsuit.
Keeping in mind that no two homes are exactly alike, I will work with you to design an insurance policy that suits your needs. And if you own a mobile or manufactured home, I can help with the right policy for this type of home too.
Homeowners Insurance Agent in BendWhen you choose to work with an independent insurance broker in Bend, you have the advantage of accessing many markets for a wide variety of coverage options and price points. This offers better chances of getting lower rates, less restrictive policies, and better coverage. Contact me today to learn more about homeowners insurance coverage for every area in your home. We’ll help you find the right coverage and service to fit your needs, so you can be better prepared in the event the unexpected occurs. Let’s help protect the place you call home.
How Can We Help With Your Insurance Needs?
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