Homeowner’s Insurance
The Best Combination of Price and Coverage.
Homeowner's Insurance Tailored Specifically to You.
Whether you need ……., we are here to provide the correct homeowner’s insurance package that is specific to you.
What Does All This Mean? Let Us Explain.
Tell me why!
The name of your home insurance policy used to be “fire insurance,” but that doesn’t give this coverage full credit! A homeowner’s insurance policy covers so much more than just losses resulting from fires. It protects you from a variety of risks, including natural disasters and accidental damages to your property, as well as losses resulting from them!
When you’re looking to protect your home, it’s essential that the insurance policy covers everything. Our Homeowner’s Insurance policies are designed for this very purpose, so there will never be any surprises when disaster strikes and cover:
- Your Residence
- Detached structures (garages, workshops, sheds, fences, dog kennels, etc.
- Your Belongings, including when you’re away from home
- Living expenses
- Personal Liability
- Medical Expenses
The Two Types of Coverage for Home Insurance
There two types of coverage for your possessions under your Homeowner’s Insurance policy, Actual Cash Value, and Replacement Cost.
- Actual Cash Value means that you can get paid out based on what it would have originally cost if they were destroyed or damaged but not both at once;
- With Replacement Cost Coverage, the insurance company will cover your loss up to a maximum dollar amount. This is better for you as a homeowner because it covers all of the cost of replacing property that has been damaged or stolen from an event such as a fire.
It is important to insure your home appropriately and ensure that you have enough coverage to rebuild your home if it gets completely destroyed. A good rule of thumb for getting a handle on how much protection is right for you is that the limit should equal what it would cost to replace everything from floors and windows up – including materials and labor costs!
The replacement value is calculated on a “cost per square foot” basis: take the square footage of your house and multiply it by an average cost for buildings in that area. Your insurance agent should be able to help you calculate the replacement value.
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Homeowner's Insurance FAQ's
Did you know? We are licensed in Oregon, Washington, Idaho, and Arizona!
Our agency is licensed to do business in Oregon, Washington, Idaho, and Arizona! This means that we can still provide insurance protection for you if you buy a vacation home, relocate or retire to one of those places. You may know how much we love to do business by referral,
Does home insurance cover damages caused by an earthquake or flood?
Does home insurance cover damages caused by an earthquake or flood? No. A standard homeowners policy does not generally cover damage caused by earthquake and floods. These sources of damage require additional coverage or a separate policy. If you live in an area that is prone to these types of
What happens when your insurance policy renews?
Your insurance policy is up for renewal but what does that mean? Does your policy renew automatically? Do we review things for you? What about home remodels, changes in drivers, or how many miles you drive? Here at Atkinson Insurance Group, we have an internal renewal process. Kelli pulls a
We are an independent insurance agency
We are an independent insurance agency. We operate a little differently from captive insurance agencies. Captive insurance agents are employed by the insurance company and can only represent that insurance company’s offerings. We, on the other hand, operate independently of the insurance companies. We choose which companies we want to
Did you know? You can access your policies on our website!
We have a client portal where you can log in and view all of your insurance policies online! Our agency client portal is easy to use and allows you to access any of your policies, regardless of which company they are insured with. You can also print ID Cards, evidence
Property Insurance Requirements for Mortgage Loans
https://www.fanniemae.com/content/guide/servicing/b/2/02.html Determining Minimum Coverage Amounts Coverage must equal the lesser of 100% of the insurable value of the improvements, as established by the property insurer; or the UPB of the mortgage loan (or, if the mortgage loan is a second lien mortgage loan, the combined UPB of the first lien
Heavy Rain? Be on the Lookout for Heavy Damage
Your home protects you from the elements, but heavy rains can weaken that protection. With a little maintenance and a lot of vigilance, it’s not hard to stay safe and dry. Spring rainstorms are a fact of life in many areas of the country, and they help keep things green,
What is the difference between flood and water damage?
The damage can be similar but the cause is different. Water damage is usually caused by water coming from something like a burst pipe, an overflowing toilet, a dishwasher that leaks all over the kitchen floor, or a roof that leaks after a hard rain. Flood damage is caused by
6 Home Renovations that Can Affect Your Insurance
If you’re planning a home renovation, you may want to call your insurance agent first because this decision can impact your homeowners insurance. Some home renovations will change the amount of coverage you need, while others could even help you qualify for a discount.
Determining Property Insurance Coverage Amounts
https://www.fanniemae.com/content/guide/servicing/f/1/02.html Determining Property Insurance Coverage Amounts The servicer must ensure that the property insurance coverage amount meets the requirements in Determining Minimum Coverage Amounts in B-2-02, Property Insurance Requirements for Mortgage Loans Secured by a One- to Four-Unit Property. The following table outlines the actions that the servicer must take
Own a home? Here are two policy options you should know about
Own a home? Here are two policy options you should know about If you have a homeowners insurance policy, you’re probably confident that it will cover all of the costs of rebuilding your home if it is damaged or destroyed by a covered peril. But are you confident that you
Are you required to have homeowners insurance?
Are you required to have homeowners insurance? Although homeowners insurance is not required by law, it is almost always required by lenders. This makes sense because both you and your lender have a stake in the property’s protection. Regardless of your lending institution’s standards, homeowners insurance is strongly advised to
Community Advocate.
Our goal is to stand up for and give back to our community. We cherish the relationships that we have developed with local non-profits such as the Sam Day Foundation, Everybody Athletics, Embrace Oregon and Friends of Baseball.
If you know of another local, community cause, please let us know!
Local.
Did we mention we are just around the corner here in Beaverton, Oregon? Come visit us at our office or give us a call at 503-649-5679 and we will review all the options with you!
