Buying a home is one of the biggest investments you can make, and homeowners insurance is an inexpensive way to protect that investment.
Here's where to get low cost Oregon homeowners insurance with a reliable company.
What does homeowners insurance cover? You home - It pays to repair or rebuild your home afters it's been damaged by by fire, smoke, burst water pipes, vandalism, or acts of nature such as snow or wind damage.
It does not pay for damages resulting from floods or earthquakes, however you can buy separate insurance to protect you from these disasters.
Your possessions - It pays to replace your personal items - furniture, appliances, electronics, clothing, etc.
- that have been damaged by fire, smoke, vandalism, burst water pipes, or acts of nature.
Coverage for high-price items like jewelry, furs, computers, and antiques may be limited, but you can purchase additional insurance for these items if need be.
Your assets - It pays for court-awarded damages and your legal fees when you're found liable for injuring another person, for instance when they injure themselves on your property and sue you.
Most policies include $100,000 worth of personal liability coverage, but you can purchase more if you have a lot of assets you want to protect from a lawsuit.
Your additional living expenses - It pays for your living expenses - motel, restaurant and other expenses - when your home is damaged and you need to live elsewhere until it's repaired.
How can I save money on my premium? Lower your deductible - Your deductible is the money you pay toward a claim before your insurer will pay.
Lowering your deductible not only saves you moneyon your premium, it also prevents you from making numerous small claims which can cause your insurer to cancel your policy.
Install safety and security devices - Installing security devices like burglar alarms, dead bolts, window locks, fire extinguishers, and sprinkler systems will get you a discount on your policy and make your home a safer place to live.