Whether you are a first time homebuyer or have already purchased a home, homeowners insurance is something you’ll need to consider at some point. We know that buying a home has a lot of moving parts but we want to be there to help out along the way. Our partnership with Liberty Mutual can help you get started figuring out the best option for your insurance needs. In order to get approved for a home loan, you will need to have insurance so let us help get you approved as soon as possible.
Below you will find the basic protection you’ll receive from a standard homeowners insurance policy.
-Physical Structures : This coverage is used when your house or other structures on your property need to be repaired or replaced; this includes interior and exterior items
-Personal Belongings: This type of homeowners insurance covers you in the case your items get stolen or damaged in an incident
-Liability: This type of insurance covers you in the case that someone is injured on your property
-Additional Living Expenses: If you need to find a temporary place to stay in lieu of your home needing repairs, this will cover those expenses so you can get back to your home as soon as possible
You can also get additional coverage to protect your personal property in the event that your valuable items are damaged or destroyed and need to be replaced. Liberty Mutual also adjusts your coverage to keep up with inflation.
Picking the Right Plan
Depending on what type of coverage you have, you will have to cover the deductible and the rest will be covered by your policy. Every policy has a basic liability amount that is covered. This means a certain amount is set aside to cover a specific amount of the damages.
There are a few things that can affect your rate when it comes to homeowners insurance.
-Location: certain things like weather and proximity to a fire station
-Estimated replacement cost: how much would it cost to rebuild if part of a natural disaster
-Age and condition: related to building materials
-Safety devices: safety precautions and number of alarms and detectors
-Your deductible:the lower the deductible, the higher the premium
By bundling different types of insurance, you can take advantage of our partnership with Liberty Mutual, save money and stay protected. Liberty Mutual also offers discounts on protective devices, newly purchased homes, safe homeowners, early shoppers, military, new roof, and lots more.
Call Us Today!
Although you cannot predict what events may happen that involve your home, you can do whatever possible to keep those that live there and your guests protected in the instance that something happens outside of your control. Keeping you and your items safe is a job that Willoughby Insurance and Liberty Mutual as partners can do for you while saving you money at the same time. We can’t wait to discuss the many options we have available to you so don’t hesitate to reach out to Willoughby Insurance of Buffalo, NY today!