TYPES OF COVERAGES THAT SM123 OFFERS?

LIABILITY COVERAGE

Personal Liability insurance is included in your Homeowner or Renters insurance policy.  Liability is protection for yourself should you cause bodily injury, damage or personally injure someone else.  It covers YOU in case you are accused or sued for doing damage to another.  Dog bites would also fall under this category.  You have to be careful though, more and more companies are asking if you have a vicious breed of dog.  There is a list of breeds that insurance companies will exclude unless you can show that Fido isn’t a biter!  If you are unsure if your dog is on the naughty list, ask your agent.          

DWELLING COVERAGE

Dwelling coverage is going to be the amount of coverage for your Home,  The structure itself.  The walls, roof, flooring.  Most policies now offer Guaranteed Replacement Cost, meaning they will rebuild the house regardless of cost.  Another option is Additional Replacement Cost which allows for 25%-50% in additional rebuild cost should the dwelling amount not be enough.  This doesn’t mean you can insure a $500,000 house for $100,000 and expect the insurance company to pay the difference.  Both Guaranteed and Additional Replacement Cost is going to require that the house be insured to proper value to begin with.   

PERSONAL PROPERTY COVERAGES

Personal property, also referred to as Contents is for all your “stuff”.  This is going to be your furniture, clothes, tv’s, all your belongings.  This will also include Money, Jewelry and Guns but these items will have limits unless you request additional coverage if those items are more valuable than the limit on the base policy.  If you have antiques or expensive jewelry or fine art, these items may need to be itemized or scheduled on the policy.  An antique armoire from Grandma may be worth thousands but if the insurance company may look at it as just another piece of furniture and not give you what it’s worth.  Same thing goes for jewelry and art.  Companies will typically ask for appraisals from a reputable dealer for these type of items.l  

MEDICAL PAYMENT COVERAGES

Medical payment is coverage for Guests or Visitors to your property.  This does not cover people who live in the house.  Say a person comes over for coffee and trips on the rug when they leave and break their arm.  Medical payments would cover the medical bills up to the amount of your medical payments.  Medical payments are a small part of your Home insurance policy so getting a higher medical payment limit is worth the extra few dollars per year.  We see the extra cost being less than $10 a year in most cases.

LOSS OF USE COVERAGES

Also Known as Additional Living Expense, Loss of Use is money to live somewhere else if you can’t live in the house due to a loss, like a fire or tornado.  It’s intended to pay for living in an hotel or apartment while the house is being repaired.  If you are having to live elsewhere for a short period of time they will probably pay to put you up in a hotel. For Longer stays the insurance company may ask you to find an apartment. The insurance company may have arrangements with  apartment complexes  leased specifically for this purpose.   

WHAT ARE THE BENEFITS OF USING SM123 FOR COVERAGE?

It is something nobody wants to do to find and compare HOME insurance. It is stressful and time-consuming. Next, to find out that you can’t save any money on HOME insurance, you spend all your time searching websites, filling out paperwork, and contacting insurance companies. Many individuals stick with the same insurance provider mainly because they don’t like the HOME insurance shopping experience.

A lot of people put their hands up and say, it’s not worth it! It’s so overwhelming. They end up sticking with their existing strategy and continue to pay higher and higher prices because there is such a pain in the shopping process. You do not have to put yourself through trouble anymore. Our SM123 technology helps us to buy several businesses all at once to find the best deals in Woodstock for HOME insurance. No losing time now. Fill up our basic application form and we’ll do the rest. For another business, the same coverage will be as much as 25 percent cheaper. What you’re going to do is look. Using SM123 and to locate it, we will do all the work. On their HOME insurance in Woodstock, our clients save on average $576 a year. To answer all your questions, our approved agents are only an email, text, or phone call away.