Illinois Homeowner Insurance
If you're like most Illinois residents, your home is the largest investment you have ever made. Given its significance, it is crucial that you protect that investment with homeowner insurance. In our fine state, homeowner insurance is not required by law, but that doesn't mean you should skip it. If someone is injured while in your home or on your property, you could be stuck paying their medical bills out-of-pocket, which can often end up being quite costly. Similarly, if a natural disaster strikes, you'd have to pay to repair your home on your own if you don't have homeowner insurance.
To get the best protection, your policy should include the following components:
- Dwelling Coverage - This aspect of your home insurance policy deals with any damage to the structure of your home, as well as any additional structures on your property, like a shed or casita. Your best bet is to get coverage for the full replacement cost of your home in case of severe emergencies.
- Liability Coverage - Any injuries that take place on your property will fall under this coverage component, which goes toward medical bills and other injury-related expenses. Aim to maximize the amount of coverage you get in this area while sticking to your budget.
- Personal Property Coverage - Dwelling coverage only applies to the home itself, not its contents. If you wish to protect your belongings, you'll need personal property coverage, which can apply to appliances, furnishings, clothing, kitchenware, and other essentials. High-value items like fine art and jewelry may require additional, separate coverage.
- Additional Living Expenses - If your home sustains serious damage, you may be forced to relocate temporarily while the repairs are underway. This coverage component can help you foot the bill for a hotel or other short-term rental while you are displaced from your home.
As with most types of insurance, it is best to get the maximum coverage you can afford to give yourself the greatest amount of protection and peace of mind. At The Lesser Agency, we'll work with your budget to create an Illinois homeowner insurance policy that works for you. Call 847-675-3111 today to get started.