Homeowner's & Additional Personal Insurances
Homeowner's
A homeowner’s insurance policy from Lonergan Insurance Agency could cover damage or complete destruction of your home and its belongings. Since your home is likely one of the most valuable things in your life, your homeowner’s policy should cover the cost of replacing it and everything inside. The items we collect over the course of our lives define us as individuals and allow us to express and enjoy ourselves. Everything from electronics and tools to clothing and furniture would need to be replaced if your home was destroyed. When you consider buying a homeowner’s policy from Lonergan Insuance Agency, remember to be mindful of the value of your possessions.
When you speak with one of our agents about insuring your home and what’s inside it, we’ll be happy to suggest ways that you may be able to save money by pairing the right kinds of coverage. Your homeowner’s policy may also protect against damage, destruction, and theft to vacation homes, boats, and other property of yours. Check with you Lonergan Insurance agent to see what is covered by your current policy and how much it might cost to improve your coverage. If you have an umbrella policy, it may cover liability expenses that are higher than your homeowner’s policy, once its limits are exceeded.
Additional Personal Insurances
Additional personal insurance or umbrella policies are designed to expand your coverage for home and auto policies when damage-related expenses surpass your coverage limit. Your home and auto policies include some liability coverage. An umbrella policy increases that liability coverage and will begin paying expenses as soon as the standard policies reach and exceed their limit.
Say a contractor is injured while working on your property and their injury requires surgery. Your homeowner’s policy may pay for some of the medical bills and then your umbrella policy could pick up the rest.
If the value of your assets is higher than the amount of liability coverage in your vehicle or homeowner’s policies, an umbrella policy could cover expenses for damages that exceed basic coverage. Besides your primary residence, your umbrella policy could protect other assets like college and retirement savings, vacation homes, and certain financial investments.
Umbrella policies are fairly inexpensive and you can choose exactly how much coverage you’d like so if you’re unsure about whether you need one, speak with one of our agent about your exposures.