Home Insurance

Homeowners insurance helps safeguard your home and belongings against events like fire or theft. It offers financial protection for repairs and replacement when disasters strike, ensuring you can recover quickly. Many policies also include liability coverage for injuries or property damage caused by you or your family.

A typical homeowner's insurance policy covers several essential areas: 

• Dwelling: Protection for the structure of your home 
• Personal Property: Coverage for belongings inside your home 
• Other Structures: Includes garages, fences, and sheds 
• Liability: Protects you if someone is injured on your property 
• Medical Payments: Covers medical costs for injuries to others 
• Loss of Use: Provides compensation if you cannot live in your home due to covered damage 

It's crucial to understand what isn't covered by a typical homeowners insurance policy to avoid unexpected costs. While most standard policies offer comprehensive coverage, certain situations may be excluded, and additional coverage may be needed. Common exclusions include:

• Termite or Pest Damage
• Mold Issues
• Damage Due to Neglect or Lack of Maintenance
• Tree Removal (if it wasn’t caused by damage)
• Damage to A/C Systems from Poor Maintenance

On average, homeowners insurance in 2022 costs $1,383 annually for a policy with $250,000 in dwelling coverage. However, the cost can vary based on the type of policy, coverage options, and your location. At Baker & Carey, we can help you find the ideal policy to fit your needs, saving you both time and money while ensuring proper protection. Keep in mind, that insurance premiums are rising, and rates may be higher in certain areas.