Homeowners Insurance is a form of property insurance designed to protect homeowners from financial losses and liabilities associated with owning a home. It typically provides coverage for damage to the home itself, personal belongings, liability for accidents on the property, and additional living expenses if the home becomes uninhabitable due to covered perils.
Here’s why homeowners insurance is important:
In summary, homeowners insurance is essential for protecting one of the most significant investments many people make in their lifetime—their home. By providing coverage for property damage, personal belongings, liability risks, and additional living expenses, homeowners insurance helps homeowners safeguard their financial security and peace of mind.
Don’t hesitate to contact Murphy Insurance at 800 222 8711 or submit an inquiry via our Contact Us form to learn about our Homeowners Insurance.
Even typically gentle dogs can bite when scared or protective. Annually, over 4.5 million dog bites occur, and around 800,000 require medical care. Over half happen on the owner’s property, contributing to a third of homeowners insurance liability claims.
Unlocking the potential of multi-policy discounts has never been clearer! Discover how bundling your auto and home/condo/renter policies with one insurer can lead to significant savings while streamlining your coverage needs.
Cohabitation typically denotes unmarried couples or roommates living together, necessitating suitable coverage for your living arrangement. While this overview outlines key considerations, individual circumstances may vary, so please reach out to us for tailored guidance from our Associates.
Prepare ahead to mitigate the devastating effects of hurricanes, which not only pose a threat to property but also to lives. Starting preparations before the storm’s imminent arrival is crucial, as waiting until a hurricane watch is issued might leave you with limited options for safeguarding.
Whether you own a luxurious in-ground pool or opt for an inflatable kiddie pool, prioritizing safety is paramount. With approximately 7.4 million swimming pools and five million hot tubs in residential or public use across the United States, according to the Centers for Disease Control and Prevention (CDC), it’s crucial to note the alarming statistics: over 3,400 fatal unintentional drownings occur annually, with more than one out of five victims being children aged 14 or younger.
Ensure your insurance coverage extends to off-premises locations, safeguarding against theft and damage from perils outlined in your homeowners or renters policy. Whether you’re utilizing self-storage units to streamline your living space or for other purposes, adequate insurance coverage remains paramount in financially shielding your belongings wherever they may be stored.
Many underestimate flooding’s potential, but heavy rainstorms or hurricanes can cause severe damage. Floods can occur not only near rivers and lakes but also in low-risk areas due to various factors, prompting discussion on the value of flood insurance for individuals.
After a severe storm or hurricane, downed trees are a common sight in your vicinity, with home/property insurance usually offering limited coverage, insufficient for the potential damage from a falling tree.
Homeowners insurance offers mold damage coverage, but not in every case, as it depends on the cause and circumstances. While standard policies typically include limited coverage, additional coverage options are advisable, given the potential for mold to develop unnoticed, exceeding basic policy limits.
Regularly reviewing your insurance policy, especially after significant life events like home renovations, marriage, or major purchases, ensures it’s tailored to your current needs and offers sufficient protection. These periodic check-ins provide peace of mind, ensuring your coverage aligns with your evolving circumstances.