Homeowner Insurance

Your home may well be your largest purchase during your lifetime and more than likely your most valuable asset.  In the unfortunate event that your home is damaged or destroyed, you want an insurance company that understands what you are going through and will settle your claim in a timely manner.  Marshall Young & Associates will work with you to find a home owners policy that will fit your needs and not break your budget.

Whether you own or rent, a house, condominium, apartment or duplex we want to work with you to insure the place you call home in order to help protect you financially should you suffer a loss due to theft, fire, storm, vandalism or some other covered loss.
Your homeowners policy is made up of specific options that you choose and these options will affect your annual premium.  These include:

• Your coverage limits.  You may choose to set higher limits to ensure you have the appropriate coverage for your specific situation and needs.
• Options you select.  How much you pay will depend on what coverages you purchase.
• How much you want to cover.  Higher deductibles will lower premium price as you will be covering the first part of a loss.

Marshall Young Insurance will work with you to select the right coverage for your homeowners, renters or condo insurance.  In determining your policy requirements, think about your specific housing situation to ensure you are properly insured to provide for housing should an unfortunate event happen.

• Dwelling or property coverage usually pays to rebuild, repair or fix your home if it is damaged or destroyed by a covered loss.
• Personal liability coverage provides coverage if someone is injured or their property damaged and you are to blame.  When choosing this coverage, consider your income and net worth.  Your limits should be high enough to protect your assets in case you find yourself in a lawsuit.
• Medical coverage is for medical expenses for guests if they are injured while on your property.  It does not cover health care costs for you or your household members.
• Additional living expenses are when you have a covered loss and can no longer live in your house.  The insurance policy will pay additional living expenses while damage is assessed and your home is repaired.
• Protection for your belongings covers your possessions such as furniture, clothes, electronics and other items that fill your home.
• Scheduled personal property covers special items such as jewelry, furs, art or collectibles that you might want to make sure are covered under your homeowners policy with broader coverage.

In the event of a claim, how does the insurance company know what your home inventory consist of?  The best answer to that is to keep your receipts, take photos and videos while walking through your home and complete a home inventory of your home and personal belongings.  Using these inventory items can help speed of your claim and help you to remember exactly what you have in your home.  When disaster strikes, many people are under a lot of stress and can’t remember exactly what was in their house.  By completing a home inventory and taking photos in your house, you will help your claims adjuster work with you to replace your loss.  Be sure to keep copies of the inventory and photos in a location other than your home.