Getting yourself set up with a comprehensive homeowner’s policy can go a long way toward making your home truly a place of comfort and security.
Not every home is the same, and not every family has the same needs. So, why should you settle for a onesize-fits-all homeowners insurance policy? At Lanham Agency, we strive to get you coverage that fits your individual situation. You worked hard to get your home, and we believe you should be able to adequately insure it without breaking the bank.
If you feel like your current policy isn't enough, turn to Lanham Agency. We'll find you a policy that's perfectly suited for you and your property in or around Ballwin, MO.
Safeguard Your Home Against the Unexpected
We work with you every step of the way to ensure we get you the right policy for the best deal. We'll discuss your budget with you, and we'll also talk about what kind of coverage you're looking for. Our top priority is finding the idyllic home insurance for your home and family. Your interests come first, and we'll never pressure you into getting a less-than-ideal policy.
We work with a number of insurance carriers to better assist you, and if you need help understanding various coverage options, we'll happily explain them to you.
>To learn about the various facets of home insurance, take a look below. If you'd like to know more about our services in Ballwin, MO, and the surrounding areas, give us a call at (636) 779- 5976
There are essentially three levels of coverage:
Actual Cash Value
This value covers the house plus the value of your belongings after deducting depreciation (i.e., how much the items are currently worth, not how much you paid for them).
This is the actual cash value without the deduction for depreciation, so you would be able to repair or rebuild your home up to the original value. (Referred to as Total Replacement Cost at 100% insured to value)
Guaranteed (or extended) replacement cost
The most comprehensive, this inflation-buffer pays for whatever it costs to repair or build your home - even if it's more than your policy limit! Certain insurers offer extended replacement, meaning it offers more coverage than you purchased, but there is a ceiling; typically, it is 20-25% higher than the limit.
- Roof Replacement when damage is sustained by wind/hail storms
- Water /Sewer Back- Up
- Personal liability for damage or injuries caused by you or your family
- Hotel or house rental while your home is being rebuilt or repaired
- Coverage for high value items such as; jewelry, antiques, fine arts
An Umbrella policy helps you protect yourself against the possibility of devastating financial loss from unforeseen events. It protects your existing personal assets and future personal assets (like wages, your inheritance or that lottery you're planning to win) against the cost of losing a lawsuit over a car accident or an accident on your property.
Here are a few things that could increase the likelihood of you requiring an umbrella insurance policy:
- A long commute or driving during rush hour, when drivers are more likely to get into an accident
- You have a youthful or elderly driver residing in your home
- Your home has a swimming pool or trampoline
- You own a dog
- You frequently have guests over
Flood insurance is not covered by your homeowner policy, business, or other property policies. This is a separate policy with a separate deductible.
Everyone lives in a flood zone. Over a 30 year mortgage, there is a 26% chance of flooding vs. a 9% chance of fire.
Years of drought conditions and recent wildfires coupled with a strong El Niño forecast increase your chance for flooding as 25% of all claims occur in a low- moderate risk flood areas.
Ready to learn more?
Contact us today for a free quote!