Need a Homeowners Insurance comparison in Northwest Arkansas?
If you are like most homeowners in Arkansas, your home is your most valuable asset, and should be protected. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands the importance of the place you call home.
McNair and Associates can help you with options for your homeowners insurance that will help meet your needs and provide the most valuable combination of tailored coverage, quality service and competitive pricing.
Regardless of whether you live in Fayetteville or any other part of Arkansas, homeowners insurance is one of the most important insurance policies you could ever own.
Part of our job is to help you understand insurance so you can make the right decision on insurance for you and your family. Many times homeowners policies may look the same but could differ in levels of coverage, endorsements, riders or have different conditions and limitations. Let us help you with that! It is part of our service to you.
Fayetteville Homeowners Insurance
If you’re not using an independent agent in Fayetteville like McNair and Associates, it can be hard, if not impossible to tell the difference between different homeowners insurance policies.
Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Homeowners insurance policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that covers losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.
Note: if you are looking for homeowners insurance for a rental property, or home that is unoccupied, you cannot use traditional homeowners insurance. You need a “specialty dwelling” policy which we can also help you with.
Common Homeowners Insurance Coverages
These are some of the common coverages typically seen on a policy:
Dwelling — this is the portion of your policy that covers the actual structure (main house). The cost to replace your home can fluctuate from time to time based on the cost of raw material and labor, and of course, supply and demand. We’ll run a replacement cost analysis on your home to see how much it would actually cost if the worst happened and you had to rebuild. Many times the replacement cost will differ from market value which is based on how many homes are for sale
Other Structures — this covers any structure on your property that is not permanently attached to your house,such as fencing and detached buildings like sheds and garages. Usually this coverage is 10% of whatever your Dwelling limit is, but can be increased if you need more coverage.
Personal Property — this covers your personal belongings like clothing, furniture, electronics, and appliances -basically anything that would fall out of your house if you turned it upside down and shook out the contents. There are several limitations that may apply to certain items. Let us explain these to you.
Loss of Use — this covers your living expenses if you need to live somewhere else temporarily because your primary home is uninhabitable due to a covered loss.
Medical Expense —this covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
Family/Personal Liability — Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider protecting those assets you are working for and those you have acquired. Your personal liability coverage should be high enough to protect your assets if you are sued. In some situations, an Umbrella policy may be necessary to provide extra coverage.
Scheduled Personal Property — there are some situations where you might want special coverage for valuables, or collectibles such as jewelry, guns, art, rugs, etc..
How to get started with your homeowners quote:
Every home is unique, and therefore requires a carefully crafted policy. If you’d like us to review your current policy and provide you with no obligation quotes, call our office, enter some basic information in the fields below to get started online. Either way, we make the process super simple!