HOMEOWNERS INSURANCE

The Homeowners Insurance policy offers coverage against fire, wind, theft and many other perils to the structure itself and the contents. Liability is also included in this policy. The insurance you purchase may be tailored to meet your specific needs. It is vital that you have a good understanding of your coverage options so you are able to make informed choices. Phelps Insurance prides itself on being a valuable resource for you and your family.

A Brief Explanation of the Homeowners Policy

Basic Policy Coverages
The basic homeowners policy covers your home and other structures on your property. The contents of your home, as well as personal belongings used, owned, worn, or carried by you or members of your household are also covered. Other coverages included in the homeowners policy are loss of use, personal liability and medical payments.

Exclusions
Most catastrophes are covered by your basic homeowners policy; however, flood and earthquake damage are not. A separate policy is required if coverage for either is desired.

Additional Coverages
You may elect to increase coverages or purchase replacement cost coverage for the building and/or contents. You may also purchase special coverage for items such as jewelry, artwork or other valuables.

Condominium Coverage
Condominium coverage is available to insure the dwelling as well as contents, liability and loss assessment.

Renter’s Coverage
Renter’s coverage is also available. Coverage is provided for your contents as well as your liability.