McClain Matthews Insurance: Our Insurance is the Roof Over Your Head
Home for all of us is where life unfolds. It’s where we raise our children and share milestones, and is a reflection of the hard work we put into having the life we’ve built. McClain Matthews Insurance is here to help you protect your home inside and out from property damage as well as to safeguard the investment you made from potential liability claims. Just as no two homes are alike, your Homeowners insurance should be customized to fit your risks and budget. That means assessing your exposures and putting together a plan that addresses these risks. You can rely on our professionals to do just that – so that the roof over your head is properly covered.
Building A Strong Foundation of CoverageA Homeowners policy comes with several features, all of which require careful review to determine the appropriate amount of coverage you need to properly insure the structure and your personal property. You also need to evaluate what liability risks you can tolerate to ensure you have the proper limits in the event someone is injured on your property. We will review this and so much more with you before presenting our policy options. Included in a Homeowners policy is:
Dwelling Coverage: This insures the structure against fire, lightning and other hazards. Replacement Cost Coverage is important to have on the structure so that in the event of a fire, for example, the same standards are used in the original construction to rebuild.
Personal Property Coverage: We recommend insuring your personal property on an all-risk basis and adding Replacement Cost Coverage to insure the full replacement of your personal property. This way you are not getting the value of the item less depreciation in the event of a loss. If you own expensive possessions such as jewelry, art or other collectibles, a separate floater policy would provide you with the protection you need. A Homeowners policy limits the amount paid on these items.
Other Structures: This provides you with coverage for detached structures such as a garage, tool shed or gazebo—generally for about 10 percent of the amount of insurance you have on the structure of your home.
Additional Living Expenses: This will pay you for the additional costs of living away from home due to damage from an insured disaster. It covers hotel bills, restaurant meals and other costs, over and above your usual living expenses, incurred while your home is being rebuilt or repaired.
Personal Liability: This will protect your assets should a claim be filed against you in the event of an injury or accident that takes place in or on your property. The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit stated in your policy.
You may also need to purchase an Umbrella policy to provide you with liability insurance beyond what’s available under a Homeowners policy.