Home Insurance in Ohio
In Ohio, home insurance is not required by law, but most mortgage lenders require borrowers to have coverage for the duration of their loans. Even if you fully own your home, it is still smart to protect your investment with a robust insurance policy. In West Chester, OH, and throughout Ohio, Insuran is here to help. Here's what you need to know about this crucial coverage.
Common Home Insurance Coverage Components
Your homeowner's insurance policy will likely include:
- Liability Coverage - If someone is injured on your property and decides to sue you, this coverage can go towards your legal fees and the person's medical expenses. Aim to get as much coverage as you can reasonably afford for the greatest protection.
- Dwelling Coverage - This aspect of your policy applies to the structure of your home. If it is damaged or destroyed in a fire, burglary, or other disasters, dwelling coverage can help with the costs of repairing or rebuilding your home. Your mortgage lender will likely require enough coverage to rebuild your home after an emergency fully.
- Personal Property Coverage - This protection is for the contents of your home, including appliances, furniture, clothing, and other personal belongings. Take inventory of what you own to determine how much it would cost to replace everything fully. This will inform your decision as to how much coverage you need.
- Loss-of-Use Coverage - While your home is under repair after a covered event, you may need somewhere else to stay temporarily. This coverage can help pay for a hotel or short-term rental until your home is ready for you to move back in.
Protect Your Ohio Home
To learn more about home insurance in Ohio, reach out to Insuran at any time. We'll be more than happy to review your coverage options with you to develop a customized policy to meet your needs. Call today to get started.