Home Insurance

Home Insurance Roeding Insurance

Home Insurance

  • Structural – Covers damage to your home or dwelling.
  • Personal Belongings – Covers damage to items in or on your home or dwelling.
  • Liability Protection – Covers your legal responsibility for injuries or damage to other people or property.
  • Additional Living Expenses – Covers costs for temporary housing, meals, etc…, while your home is being restored or rebuilt.

Condo Insurance

Condominium insurance covers personal property, liability and parts of the unit that are your responsibility. It may also protect you from certain assessments levied by the condo association. You’re also covered for costs you incur over normal living expenses if you have to vacate your condominium.

Condo Insurance Roeding Insurance
Renters Insurance Roeding Insurance

Renters Insurance

  • Your possessions.
  • Liability if someone sues you for an injury they got at your home.
  • Possessions when they are away from your rental home, including in your car.
  • Additional living expenses. If you can’t stay in your home or apartment because of something like fire or pipes exploding, your renters insurance policy will cover some of the costs for living somewhere else while repairs at the residence take place.
  • Living expenses coverage is usually limited to either a specific period of time, or what the renters insurance company considers a “reasonable length of time.”
  • To prevent abuse, there is a cap on the amount of additional living expenses the insurer will pay, usually a percentage of the total renters insurance liability limits.

Flood Insurance

Flood Insurance is offered through the National Flood Insurance Program. Although the government actually provides the coverage, Roeding Insurance issues the flood insurance policy through one of our participating companies, and in the event of flood damage, would also service your claim.

Flood Insurance Roeding Insurance
Life Insurance Roeding Insurance

Life Insurance

Universal

  • Permanent coverage.
  • Substantial changes to coverage usually require a doctor’s visit and a bill of clean health.
  • Universal Life Insurance gives the owner of the policy a great deal of control over the policy.
  • Investment grows in a tax deferred status.

Whole Life / Ordinary Life

  • Permanent life insurance coverage.
  • Premium amount determined by purchaser’s age & health at time of purchase.
  • Cost of life insurance policy is spread out over your entire (expected) life.
  • As policy accumulates cash value, you may take this cash out or borrow against it.

Variable

  • Permanent coverage.
  • Most won’t let your death benefit drop below a certain amount.
  • For a guaranteed death benefit, you may be charged. Ask before signing anything.

Convertible Term

  • Life insurance is renewable annually.
  • Option to convert to a permanent life insurance policy.
  • Typically has lowest cost & highest death benefit.
  • Risk for being dropped or premiums skyrocketing in the event of sickness is higher.

Yearly Renewable Term

  • Coverage for a longer term.
  • Costs of policy are spread out over time.
  • No big increases in annual premium.

Umbrella

Liability judgments that exceed the liability coverage limits on your home and car insurance policies. Umbrella insurance kicks in once the limits of your base policy (home insurance or auto insurance) are exhausted. Your umbrella pays for any overages (covered by your insurance policy), up to the umbrella insurance policy limits. Instances when you, your child, or your pet cause bodily injury or property damage. Personal Injuries, such as:

 

  • Libel & slander (when you say or write things that defame someone’s character).
  • Invasion of privacy.
  • Wrongful entry.
  • False arrest.
  • False imprisonment.
  • Malicious prosecution.
  • Legal fees & defense costs.

Umbrella Policy Roeding Insurance
Vacant Homeowners Roeding Insurance

Vacant Homeowners

A homeowners policy isn’t designed to protect a vacant home. If an insurance carrier finds out you’re insuring an unoccupied home with a homeowners policy, you may end up with a reduction in your coverage, or even a denied claim. There are reasons why a homeowners policy isn’t designed to protect a vacant home. We have carriers who specialize in insuring vacant properties, and can provide you with vacant home insurance at competitive rates, some with term options of 3, 6, or 12 months. There are many reasons a home you own may need vacant insurance:

 

  • You’ve moved, but your home is unsold.
  • A property you own is being renovated.
  • You rent out the house, but are between tenants.
  • You are selling a house to close an estate.
  • You purchased the home from a foreclosure sale.

NEED HELP GETTING STARTED?

If you’re not sure where to start, or don’t know what you need, please reach out to us. Feel free to contact us about any concerns or questions. We’ll get back to you as soon as possible, We’d love to help you out!

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