At some point, every homeowner will experience loss or damage to their home. It’s part of life. Homeowner’s insurance protects your most valuable investment – both its structure and its contents, depending on your level of coverage – from loss from burglary, theft, storms, and fire, as well as personal liability.
Every year, almost 400,000 residences are damaged or destroyed by fire, with losses in the billions of dollars. In 2010, more than two million homes were burglarized in this country, resulting in losses estimated at $4.6 billion. And in 2011, tornadoes caused $28 billion in damages.
In addition to protecting you against damage and loss, homeowner’s insurance also includes liability coverage, which protects you in case someone is injured on your property or you damage someone else’s property. In some circumstances, you may be covered if you injure someone away from your property. And if someone files a liability claim against you, your homeowner’s insurance can pay for repairs, medical or funeral costs. Homeowner’s coverage may also pay the costs of a lawsuit if an injured party chooses to sue you.
Homeowner’s insurance will also cover possessions not located in your home, such as luggage lost or damaged while on a trip, or property stolen from your car.
If you have valuables in your home, such as artwork, jewelry, firearms and collectibles, make sure you list these items on your homeowner’s insurance policy so you obtain the proper coverage.
If you live in an area that is prone to flooding or earthquakes, please note that most homeowner’s insurance policies do not include coverage for losses from these events. However, your Alliance Insurance Services agent can help you obain coverage for floods and earthquakes under separate policies.
Unlike, auto insurance, homeowner’s coverage is not required by law. However, if you borrow money to buy your home, your lender will require you to buy a homeowners insurance policy in order for you to qualify for a home loan.
As you can see, purchasing homeowner’s insurance is a wise investment, but it can be complicated. Your Alliance Insurance Services agent can help you evaluate the amount and type of coverage that makes the most sense for you.
The Alliance Insurance Services Guarantee
At Alliance Insurance Services, we believe that when it comes to selecting an insurance agent, the most important factors are Protection, Price,and Service. Protection of your most valuable assets is what insurance is all about. As your homeowner’s insurance agent, it is our job to make sure you are adequately insured.
As an independent insurance Agent, we represent more than 20 top-rated insurance companies. This means we shop your homeowner’s insurance for you, offering you the best possible coverage for the best price.
And when you have a question, concern, or problem, we are here for you! From setting up your policy, to assisting you with filing a claim, we serve as your personal insurance advisor. We have offices in Winston-Salem and Walnut Cove. And our Summit Square Boulevard office in Winston-Salem has extended hours (until 6pm Monday thru Friday) and every Saturday for your convenience.