3414 Main Street,
You need a home insurance provider in Anderson & Fort Wayne, Indiana, to get you the protection you need. Thompson Insurance can get you an accurate quote and complete coverage.
If you own a home or are paying for a home, your mortgage lender will require you to have home insurance. But there are plenty of other reasons to get home insurance. You want to protect yourself, your family, and your home.
Home insurance coverage has three main goals. The first is to repair your home, yard, or other structures on your property. Second, it can replace or repair your personal property or belongings. And finally, it covers personal liability if you legally need to pay for damage or injury to someone else.
Each type of coverage protects different facets of your home. Cost is determined by many factors, including the age of the home, distance from a fire hydrant, and claim history.
The six main kinds of home insurance coverage include:
This is the core of homeowners insurance. It covers your dwelling. It includes the nuts and bolts of the home: the ceiling, walls, floors, anything structural. Be sure to understand the difference between the replacement cost coverage and actual cash value coverage. In most cases, replacement cost is the more secure option.
Other Structures coverage is the part of your home insurance policy that pays to repair, replace or rebuild structures on your property that are detached from your actual home and have been damaged by a covered peril. Other structures coverage is usually valued up to 10 percent of the dwelling portion of your home insurance policy automatically, but can be increased.
If you were to pick up your home, flip it and shake it, what falls out counts as your personal property. Whether you own a home or rent an apartment, insurance policies typically include personal property coverage. This type of coverage helps to pay for repair or replace your belongings after a covered loss, such as theft or fire. Most policies include personal property coverage at 70% or more of the structure coverage limit.
Loss of Use covers additional living expenses that come as a result of being unable to use your home as a result of a covered peril. This coverage is a part of every standard policy and helps you pay for everything from fuel expenses to groceries and hotel bills that are additional to what you would normally pay while your home is being repaired as a result of a covered peril.
Personal Liability covers an accident, in or out of your home, that results in bodily injury or property damage that you are held legally responsible. Personal liability will cover the costs of medical bills, as well as your legal defense fees, up to the limit of your liability coverage.
This coverage is designed to pay for medical expenses to others who are accidentally injured on an insured location or by the activities of an insured, resident employee, or an animal owned by or in the care of an insured. In some cases, Medical payments coverage will also extend to injures that occurred away from home.
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of our success.
The best part about Thompson Insurance is that we strive to offer you comprehensive solutions, not problems. We care about you, not the money. So choose an insurance provider who cares. Choose Thompson Insurance. Call us today at 765.644.6787 to get a quote.
While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.
After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your personal policy.
Contact us today, and we'll help you protect what matters most.