While you may not think of your home as an investment, that’s exactly what it is. Like any other investment you make, it’s important to take steps to protect that investment. One of the most important steps for the average homeowner to make is another investment – this one in homeowners insurance.
Johl & Company understands that purchasing insurance for your home may feel a little confusing and intimidating. We go out of our way to make the process as easy and straightforward as possible while helping you to get the protection you need.
Who Needs Homeowners Insurance?
If you own a home, you need homeowners insurance. Even if you are fortunate enough to have adequate savings to replace your home, and everything in it, it’s a good idea to purchase liability insurance for your home.
Liability coverage provides protection for you, your home, and your assets, should someone become injured while on your property or if your property causes injury to property damage to someone else’s property. It also assists with the costs for attorney’s fees, court fees, and judgments or settlements up to the policy’s limits.
Most people don’t have scores of cash sitting around collecting interest in the bank making homeowners insurance a necessity to properly protect their homes and assets. A general homeowner’s insurance policy offers protection from certain covered events. While there may be variation from one policy to the next or one company to the next, covered damages typically include the following:
Damage from earthquakes and floods are generally excluded from a homeowner’s insurance policy and must be purchased in addition to a general homeowner’s policy.
How Much Insurance does Your Home Need?
Many people mistakenly believe that insuring their New Jersey homes, whether in Westwood, Garfield, or surrounding communities, for the purchase price of the home is sufficient. Unfortunately, that’s not the case. There are a lot of factors that go into the amount of insurance your home needs in order to be replaced in the event of the homes complete or partial destruction.
These are things that affect the amount of insurance you need to protect your home:
- Age of the home
- Size of the home
- Types of material the home is built with
- Last update of electrical, plumbing, etc.
- Location of home
- Zoning requirements within the community
Working with an independent insurance agent who is familiar with the community and the zoning requirements and homes within the community helps to ensure that you get an accurate estimate of the type of insurance you need.
When it comes to insuring the contents of your home, or personal possessions, it pays to work with an experienced agent who can help you determine if you may need rider policies to protect high value items like antiques, furs, and other items that may exceed the standard policy limits. Our agents can help you determine the right amount of coverage you need to protect your possessions and the type of coverage that will serve you best.
How Can Johl & Company Help You Today?
Johl & Company is an independent insurance agency in New Jersey that believes it is our responsibility to work as a trusted advisor to help you get the perfect combination of coverage, cost, and service whether you purchase one policy from us or all of them. We’re not here to simply sell you an insurance product, but to offer expert advice that is in your best interests.