A home is one of the biggest purchases you will ever make. Be sure to protect it with a quality homeowner’s insurance policy that will help you sleep a little easier at night. Finding the right home insurance policy sets the foundation for a more secure financial future. At Cornerstone Insurance Group, we are committed to protecting everything you own with insurance solutions that meet your unique needs.
What would happen if a fire destroyed your house and everything inside of it? Could you afford to rebuild, replace your belongings, and start all over again? What about the damage that leaves your home uninhabitable after a major storm? How would you pay for your temporary relocation expenses while you wait for your house to be repaired? These are the important questions we help you find answers to and so much more.
Types of Home Insurance Coverage
Home insurance policies are designed to protect you from financial ruin by shielding you from major losses and liabilities. Some of the most common coverage types include:
Dwelling Insurance
This is coverage for the structure of your home. Most home insurance policies list coverage for both the home and its exterior structures, such as fences and stand-alone garages. If your home is damaged or destroyed by a covered event, such as fire, lightning, wind, theft, or vandalism, dwelling insurance helps cover the loss minus your deductible.
Personal Belongings Coverage
The combined value of the contents inside your home might surprise you. It can cost tens of thousands of dollars to replace entire wardrobes, furniture, appliances, electronics, décor, textiles, and more. This coverage helps pay for a new start when your belongings are unsalvageable after a covered event.
Temporary Living Expenses Coverage
Where would you live if your home were suddenly uninhabitable? Could you afford to take on a rent payment while you are still paying the mortgage on your damaged home? Temporary living expense coverage helps pay for your temporary lodging, meals, and more when you need somewhere to live while your home is being repaired.
Liability Insurance
Did you know you can be held liable for injuries that happen on your property? If a guest slips on ice in your walkway or your dog bites a neighbor’s child, your liability insurance can help cover related expenses, including lawsuits and legal defense fees.
Other Optional Protection
Many insurers offer additional types of protection, including extra coverage for high-value belongings that might not be fully covered under your standard personal belongings protection. You should also talk to your insurance agent about additional insurance like flood insurance or umbrella insurance that could fill in the gaps and exclusions left behind by your homeowner’s policy.
Home Insurance Discounts
Covering your home with a high-quality insurance policy might cost less than you think. At Cornerstone Insurance Group, we shop and compare rates from multiple insurers until we find affordable coverage that fits your needs. Then, we go to work searching for discounts that can lower your costs and put more money back in your pocket. Some of the most common home insurance discounts include:
- Multiple policy discounts (combine home and auto, and save!)
- Safe home discounts (home alarms, fire detectors, etc.)
- Claims-free discounts
- New home discounts
- And more
To request your free quote or to get more information about how using an independent agent can help you save on Minnesota home insurance, contact our office today.
