Home Insurance

The state of Pennsylvania does not require all homeowners to purchase home insurance. However, most mortgage lenders and banks require sufficient home insurance should you have a loan on your home. Raynock & Associates LLC seeks to help homeowners like you get the right protection for your peace of mind and meet your needs should certain covered risks occur.

What does Home Insurance Protect?

Your home insurance exists to protect your financial and personal interests in your home in various circumstances. Most people purchase a package that provides basic essential insurance coverage for the home from specific perils identified in the policy (things like fire, hail, wind, etc.). Policies differ in their covered perils. Make sure you know what they are and that you have sufficient protection for the major risks you face. Protecting that is often included in a home insurance package include:

• Dwelling protection- Repairs or replaces your home and attached structures in a covered loss.
• Other structures- Offers some protection for detached structures (workshops, detached garages, fences, etc.).
• Personal property coverage- Offers protection for your possessions inside the home, such as furniture, appliances, electronics, etc.
• Loss of use coverage- Pays for additional living expenses while your home is under repair and uninhabitable.
• Medical payments for others- If your property injures someone, this insurance pays for their medical expenses.
• Personal liability- Protects household residents from being sued for injury or property damage liability claims.

You may need additional coverage beyond your home insurance basic coverages. In fact, many Pennsylvania homeowners prefer to purchase additional general liability coverage and rider policies for high-value possessions.

At Raynock & Associates LLC, we work with you to help you determine areas where you may require additional home insurance protection and help you identify and manage specific risks that may leave you vulnerable should a covered event occur. Contact us today to learn more!