No matter where you live in Orland Park, IL, your home is worth safeguarding throughout all the seasons. Home insurance isn’t required by law in Illinois, but most mortgage lenders will require you to show proof of home insurance throughout your mortgage period. But whether home insurance is mandatory or not, it’s a worthy investment to guard your structure, family, and personal property. Here are areas covered by home insurance from RetireMax Insurance.
Structure protection
Home insurance is designed to protect your dwelling structure by providing financial reimbursement to the homeowner in the event of a calamity. It covers the structure of your home, including walls, floors, in-built appliances, and plumbing systems, from unpredictable catastrophes like fire, vandalism, and theft.
Home insurance also safeguards other structures detached from your homes, such as a shed, detached garage, and a gazebo.
Personal belongings
The home insurance policy covers repairs and replacement of personal possessions like clothes, sports equipment, electronics, and furniture if they get stolen, vandalized, or damaged. However, for high-value items like cash and jewelry, please talk to your agent for optimal coverage.
Liability coverage
This coverage pays for legal fees if an individual sues you for injuries inflicted while on your property. For instance, if someone slips or falls in your swimming pool, home insurance covers medical costs and legal costs if the person goes ahead to sue you.
Additional living expenses coverage (ALE)
If your home becomes uninhabitable for one reason or another, home insurance helps pay for additional expenses (like hotel meals and accommodation) you might incur.
Pro-tip: Typical home insurance does not reimburse damage costs associated with floods and earthquakes. As such, talk to your agent for separate covers.
Home insurance in Illinois
Every home comes with its own set of risks and benefits. However, RetireMax Insurance, located in Orland Park, IL, can provide you peace of mind irrespective of where you live. Contact us today for more home insurance information.
