Homeowners Insurance covers replacement cost coverage. This is different than market value, purchase price, or tax assessor value. Replacement cost coverage is the amount it is going to cost to rebuild your home as the result of a covered loss.
The policy will pay the necessary medical expenses incurred by guests when they are on your property. This could be a simple as someone falling down at your home and spraining their ankle.
This coverage is used when a guest is injured on your property and you are liable. Many people supplement their Home Insurance Policy by adding a Personal Umbrella Liability Policy.
This is not covered under a standard Home Insurance Policy. The National Flood Insurance Program was created in 1968 to offer flood insurance to property owners. Flood Insurance has two types of property it covers: contents and building. However, InsureChampaign does write flood policies. We can rate your risk and cover your property in case of flood. Additional information is available by contacting our office at 217-356-3111 or online through the Federal Emergency Management Agency: The National Flood Insurance Program
Back up of Sewer/ Drains
This is an optional coverage that protects you when water or sewage back up. Our agency offers this to every Homeowner as we feel that this is an important coverage to have on the policy.
There is an optional coverage that covers Equipment Breakdown. This endorsement is put on your Homeowners Insurance and would cover repair or replacement of mechanical and electrical equipment on your residence premises. This coverage does have a deductible that you would meet before your insurance would cover the equipment. Some equipment that may be covered is a furnace, air conditioner, geo thermal, appliances, well pumps, home security systems, water heaters, and personal computers. This is a pretty inexpensive coverage that we would be happy to quote for you.
Identity Recovery or Identity Theft is an optional coverage on Homeowners Policies. Unless you request to not have this coverage, most of our clients at InsureChampaign have policies with this coverage included. This is a fast growing crime and we want to make sure our clients are covered correctly. This coverage provides you with the tools to recover your identity. You will have access to experienced professionals who will contact creditors and local authorities to help file appropriate reports. They will also help replace your important identification such as driver’s license, passport, and social security card. This coverage is like having your own security system for you identity
InsureChampaign is also there when you need any of these policies:
Boat – Motorcycle – Renters – Personal Umbrella – ATV – Recreational Vehicle – Rental Property – Condominium