Home & Condo Insurance
Allentown, Mertztown, Morgantown, Pine Grove, Schuylkill Haven, Summit Hill, Temple, West Chester, Willow Street, Wyomissing
Find the right amount of homeowners insurance for your needs.
When it comes to keeping your home safe, you need a Spotts Insurance Group independent insurance agent to evaluate your situation.
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Call: (610) 374-2911
Please note: coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.
What You Need to Know About Home & Condo Insurance
Your house is not just a roof over your head. It is your family's home and holds those things you value and worked hard to acquire. It is also one of the biggest investments many of us make.
When it comes to keeping your home safe, you need a Spotts Insurance Group independent professional to evaluate your situation to help make sure your homeowners insurance policy will truly protect your family's financial security. We don't just represent one insurance company. We can match your situation with the insurance company that is right for you, ensuring that your policy has the right coverage at the right price.
Homeowners Insurance Coverages
Dwelling — This is the portion of your policy that covers the actual structure (main house). The cost to replace your home can fluctuate from time to time based on the cost of raw material and labor, and of course, supply and demand.
We'll run a replacement cost analysis on your home to see how much it would actually cost if the worst happened and you had to rebuild.
Other Structures — This covers any structure on your property that is not permanently attached to your house, like fencing, driveways, sidewalks, and detached buildings like sheds and garages. Usually this coverage is 10% of whatever your Dwelling limit is, but can be increased if you need more coverage.
Personal Property — This covers all of your personal belongings like clothing, furniture, electronics, and appliances. Basically anything that would fall out of your house if you turned it upside down and shook out the contents.
Loss of Use — This covers your living expenses if you need to live somewhere else temporarily because your primary home is uninhabitable due to a loss.
Medical Expense —This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
Family/Personal Liability — Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued. In some situations, an Umbrella policy may be necessary to provide extra coverage.
Scheduled Personal Property — There are some situations where you might want special coverage for valuables, or collectibles like jewelry, guns, rugs, etc.
Home Insurance Cost Savings
Your Spotts Insurance Group agent can help you qualify for a multi-policy discount when you combine your home insurance and your car insurance with the same insurance company. This is easy to do and simplifies your insurance. We will also identify other discounts for you and evaluate which insurance company will give you the most value for the price on your home insurance policy. Often these discounts are available when your home is equipped with safety features such as anti-theft devices, deadbolt locks, fire extinguishers, smoke detectors, fire alarms, and fire sprinkler systems.
Determining the Right Amount of Homeowners Insurance for Your Needs
In most cases, people don't know how much it would cost to rebuild their home and replace all of their personal belongings after a total loss. The prospect of calculating local building costs and creating a thorough inventory of all your possessions can seem overwhelming. As a result, home insurance has too often been based on assumptions—either a rough guess or a default percentage of the home's structural value set by the insurance company. Your Spotts Insurance Group agent can help you protect your investment by consulting with you to determine the amount of insurance you need to cover the following:
The Structure of Your Home
You need enough home insurance to cover the cost of rebuilding your home at current construction costs. This does not include the cost of the land, and you should not base your rebuilding costs on the actual price you paid for your home. Your Spotts Insurance Group insurance agent can help you estimate the amount of home insurance you need based on current construction costs using estimation tools and calculators. An accurate estimate will help ensure your home insurance policy includes the proper coverage.
Your Personal Possessions
To determine if you have enough coverage for your personal possessions, you should conduct a home inventory. This is a detailed list of everything you own and information related to the cost to replace these items if they were stolen or destroyed by a disaster, such as a fire.
Additional Living Expenses
This coverage is for the cost of additional living expenses if your home is damaged and you have to live elsewhere during repairs. This is a very important feature of a standard homeowners insurance policy. This pays the additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm, or other insured disaster. It covers hotel bills, restaurant meals, and other living expenses incurred while your home is being rebuilt.
Liability to Others
This part of your home insurance policy covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for injuries to others caused by pets. This coverage will pay for both legal defense costs and any damages a court rules you must pay.
Frequently Asked Questions
What is replacement cost and how is it calculated?
Replacement cost is how much it would cost to rebuild your home if it is damaged or destroyed. The cost to rebuild can often be very different from market value due to the value of the land and the current state of the housing market. Your insurance is covering the cost to rebuild the structure, and sometimes that cost is more and sometimes less than market value. It's important to go over the details of the home with your agent and make sure your coverage is adequate.
What else is not covered by your homeowners insurance policy?
Insurance companies do not provide coverage for routine wear and tear. But, through regular maintenance and repair inside and outside of your home, you can help prevent problems from arising. This includes keeping your roof in good shape by replacing worn out shingles and replacing appliance water hoses to prevent water damage.
How much will it cost to replace my personal possessions?
We often underestimate the amount of stuff we have. When you consider all of your clothes, furniture, appliances, toys, electronics, etc., it can add up pretty quickly. In general, the amount of personal property coverage is tied to the total homeowners coverage you have. You can customize the amount of coverage based on the value of your personal possessions. The best way you can determine the amount of coverage you need is by creating a home inventory and estimating the value of your belongings.
How much coverage do I need in the event I am named in a lawsuit for bodily injury or property damage caused to others?
Liability limits generally start at $100,000. It is a good idea to discuss your needs with your insurance advisor to determine what level of coverage is right for your situation. It may be beneficial to purchase an umbrella policy which increases your limits of liability by $1 million or more.
How Much Homeowners Insurance Do I Need?
In most cases, people don't know how much it would cost to rebuild their home and replace all their personal belongings after a total loss. The prospect of calculating local building costs and creating a thorough inventory of all your possessions can seem overwhelming. As a result, home insurance has too often been based on assumptions either a rough guess or a default percentage of the home's structural value set by the insurance company.
Your local Spotts Insurance Group insurance agent can help you protect your investment by consulting with you to determine the amount of insurance you need to cover the following:
- The Structure of Your Home You need enough home insurance to cover the cost of rebuilding your home at current construction costs. This does not include the cost of the land, and you should not base your replacement costs on the actual price you paid for your home. Our team can help you estimate the amount of home insurance you need based on current construction costs using estimation tools and calculators. An accurate estimate will help ensure your home insurance policy includes the proper coverage.