Principal Integrated Insurance
Protecting Everything Around You!
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Understanding Insurance

Homeowner's Insurance Policies

 

If you are like most people, your home is your most significant investment.  Emotionally, your home may be where you grew up, brought your child home from the hospital or where you welcome friends and family.  The 2010 census found that on average 25% of a person's total wealth is found in their home equity.  With so much invested, you want to make sure that your home is protected.

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Homeowner's Insurance

A homeowner's insurance policy is actually two insurance policies wrapped into one.  One portion of your homeowner's policy covers your home, detached structures (like a shed or garage), possessions and the cost of living should a loss force you from your home.  This is your property coverage. 

The other portion of insurance policy covers your liability should someone be injured on or because of your property.  This is referred to as your liability coverage.

Generally, both the property coverage and the liablity coverage are divided into sub-headings on your policy. You will often see these sub-headings listed as follows:

Click on each coverage to learn more.  

 

Property Coverage:

Coverage A - Dwelling Coverage

Coverage B - Detached Structures

Coverage C - Personal Property

Coverage D - Loss of Use

 

Liability Coverage:

Coverage E - Personal Liability Coverage

Coverage F - Medical Payment Coverage

 

Auto Insurance

CAR INSURANCE POLICIES CONSIST OF 5 BASIC PARTS:

  1. Liability - Provides coverage for injury you may cause to someone and/or damage to someone else's property in an accident.

    • 100/300 - translates up to $100,000 per person total, and up to $300,000 total per accident if there are multiple passangers in the vehicle.

  2. Uninsured/Under-Insured Motorists -Provides medical coverage for you and your passangers if someone else hits you and does not have enough coverage to pay for expenses, or is not insured at all. This also includes hit-and-run scenarios as well. In addition to medical coverage this will help pay for lost wages if you are unable to return to work, modifications to your home if you need wheelchair accessible, pain and suffering. 

  3. Collision - Provides coverage for when your car is damaged in a collision.

  4. Comprehensive - Provides coverage for damage caused by events other than a collisions, like fire, hail, vandalism or hitting an animal

  5. Medical Payments - Provides coverage for you and your passangers if you are injured in your car regardless who is at fault.

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Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. These statements are not legal advice.  Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you.  This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording