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Personal insurance provides peace of mind for individuals who need to protect their high-value property. This includes homeowners insurance, auto insurance, and jewelry insurance, just to name a few. Healy Brokerage has decades of experience helping individuals find the best personal insurance to meet their unique needs. We provide in-person quotes without online complications.
Homeowners Insurance
At Healy Brokerage, we understand that your home is your castle. That’s why each of the homeowner’s insurance policies we create is designed to cover any losses or damages to your estate. This includes a customized approach to protecting your property, your furniture, your furnishings, and protecting you against libel should someone be injured on your property.
The Importance Of Homeowners Insurance
Most lending institutions require you to carry homeowners insurance until the balance of the loan has been repaid. Though even if you own your home outright, you should still carry a homeowner’s insurance policy to protect you against all manner of problems. This includes:
- Damage to your property
- Damage caused by storms and “Acts of God.”
- Injuries that occur on your property
- Replacing lost or damaged items
- Restoring your home after a fire
- Storm cleanup
When Is Homeowners Insurance Required?
Homeowners insurance often needs to be in place before you can close on the purchase of a property where you are taking out a loan or a mortgage. Though even if you already own the home, you will need to take out homeowners insurance before you can file a claim of any damages. Damage that occurs before the policy’s effective start date will not be covered.
Do I Need An Inspection To Take Out Homeowners Insurance?
If the value of the home has been previously established by the previous owner, then you may not need an inspection. Though an inspection is still wise when it comes to ensuring that all necessary components of the property have the correct level of coverage. The last thing you want is a policy that has a coverage level that is below the actual value of the home or one that doesn’t have enough coverage to replace your home if it is lost in a fire or natural disaster.
Do I Need Flood Insurance Included In My Homeowner’s Insurance Policy?
You might be surprised to hear that a lot of homeowners’ insurance policies do not specifically cover flood damage. It’s also worth noting that if the home is in a known or designated flood zone, a lending institution might require you to take out a flood insurance policy in addition to your standard homeowner’s insurance policy.
How Much Does Homeowners Insurance Cost?
The cost of a homeowners insurance policy will be based on the specifics of the property. This includes its size, its value, and other risk exposure factors. With Healy Brokerage on your side, you can rest easy knowing that we have decades of experience helping homeowners find the right type and coverage level for any type of property.
Automotive Insurance
Automotive insurance has multiple layers and coverage levels. Most states require you to carry liability insurance to legally use the roads. Most lending institutions require you to carry comprehensive insurance until the auto loan is fully repaid. Though even if you own the vehicle outright you should still consider carrying comprehensive coverage. Especially if it is a high-value vehicle.
Priceless Valuables
Jewelry Insurance
High-value jewelry and family heirlooms often need additional insurance coverage. Especially if you plan to wear them on special occasions. Jewelry insurance policies help to protect the value of your cherished jewelry pieces. They can also be customized to provide you with coverage for repair, replacement, or reimbursement of the appraised value.
Do I Need To Get My Jewelry Appraised To Get Coverage?
Technically you do not need an appraisal to take out a jewelry insurance policy. However, you do need to have an appraisal to file a successful claim. This is a major sticking point in the case of a piece of jewelry that is lost or mysteriously misplaced. So, it’s wise to have an appraisal done on any piece of jewelry before taking out a policy to ensure that you have the full coverage you need, as well as helping to streamline the process, should you ever need to file a claim.
How Much Does Personal Jewelry Insurance Cost?
The annual premium cost for personal jewelry insurance will vary based on the value of the piece, as well as the risk exposure. If you are planning to wear a high-value piece the annual premium could be higher than a piece of jewelry that you keep secured on display in your private home. As a ballpark estimate, jewelry insurance costs about 1 to 2% of the value of the jewelry per year. This means that a $5,000 ring would cost around $50 $100 annually to insure.