Homeowners Insurance

If you live in Indiana or Illinois, you probably feel like Mother Nature has declared war on you over the last few years. It doesn't matter if you're in Lake County or Cook County, Merrillville, Crown Point or Chicago, you're looking at extreme heat, extreme cold, wind, hail, snow, floods and tornadoes. Homeowners and renters in Illinois and Indiana need to have excellent insurance coverage on their property or else they will be in real financial trouble when the elements hit their home.

The first thing you need to sort out is what's covered and what's not. For instance, home, condo and renter's policies do not include flood insurance, but it can be purchased as an additional policy. A roof collapse from snowfall, a pipe bursting from freezing temperatures or some siding getting blown off your house will probably be covered, but the only way to be sure is to talk to your agent about your policy, or have an independent agency look over your policy and perhaps give you some quotes of their own.

Another thing to keep an eye on is your deductible. A deductible is how much you will pay out of pocket in case of a claim. Some disreputable agents might sell you a policy with a ridiculously high deductible in order to get you a lower premium, but then you won't be able to afford to pay when you have a claim. Another thing to check on is whether your home is insured for the appraised value of the property or the cost to rebuild. With home prices in Illinois and Indiana still depressed, it might cost you more to replace your home than it's actually worth, and you don't want your insurance to fall short.

If you need home insurance in Merrillville, or any other city in Indiana or Illinois, you can be sure you've got the right coverage at the right price by checking with The Billy Davis Insurance Group. As an independent agency, we can compare several different companies quotes online to match you with the appropriate insurance needed.