Homeowners Insurance Quote Forms
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Homeowners Insurance Information
Protect Your Home and Everything In It.
Your home is where you likely spend the most time. It’s a place for you to relax, foster ideas and raise a family. This is why it’s critical for you to feel safe in your own space. Bad storms and environmental disasters cause billions of dollars in damage every year across the U.S.
The agents at Bob Putnam Agency work to build genuine relationships with every client through honestly and dedication. We want to help you keep home a safe space, no matter the weather. Our policies are comprehensive and affordable, and we are here to answer any questions you may have regarding your policy.
What Does Home Insurance Cover?
A home insurance policy from Bob Putnam Agency may include:
Dwelling Coverage:Dwelling coverage covers your physical home and its attached structures in case of loss or damaged due to fire, wind, hail, lightning, smoke, explosions, theft, vandalism and more.
Personal Belongings Coverage: Personal belongings coverage covers your personal items from the same dangers covered under dwelling insurance. Personal items may include clothes, furniture, decorations, books and even electronics.
Personal General Liability: General liability insurance covers you and your family against lawsuits in case a guest suffers bodily injury or property damage on your insured property. This can also extend to damage and injuries your pets may cause someone else.
Additional Living Expenses: Additional living expenses (ALE) help with the costs of temporarily moving if the home is rendered uninhabitable by a disaster.
You can also purchase additional policy floaters to cover expensive items such as jewelry, furs, and art.
Is Home Insurance Required?
As a rule, home insurance isn’t legally required by state or federal law. Most homes are required to carry home insurance by lenders, however. So long as you are paying a mortgage on your home, you will likely still need a certain amount of home insurance.
Even once you pay your home off, it is recommended that you maintain home insurance. A single bad storm can cause thousands of dollars in damage that can be next to impossible to pay out of pocket.
How are Home Insurance Premiums Calculated?
Home insurance premiums are based on a variety of factors. One of the most important factors that affect your rates is the total replacement cost value of your home. The total replacement cost value is not the same as the market value of a home. Instead, it is how much it would cost, labor and materials included, to completely rebuild your home after a disaster.
Other factors that can influence the cost of your home insurance include your location, coverage limits, deductible, claims history and credit score.
Protect Your Home Today
Don’t let one disaster take away your family’s sense of safety. Speak with a Bob Putnam Agency insurance professional today at 607-397-1999 or fill out an online quote form.
Common Home Insurance Questions
The average cost of home insurance rates in the U.S. is around $1,211 a year. In New York, home insurance premiums average around $952 a year.
You can purchase home insurance before you even sign the lease on your new home. In fact, you should have a home insurance policy in place before you sign the dotted line to guarantee that you will have coverage from the moment you start moving in.
There is no set limit to how many home insurance claims you are allowed to file. As a rule, more than one claim in a three-year period is a red flag to insurers and may result in higher rates.
Home insurance needs vary home to home and family to family. For dwelling coverage, you generally need at least 80% of your home’s total replacement cost value to be insured. An agent at Bob Putnam Agency will be happy to help you determine how much home insurance coverage your home needs.