To properly protect the investment you have made in your home, you will need the proper home insurance in place. At Bogden Insurance Agency we provide solid insurance information so that you can always feel great about your insurance choices in Berlin, CT and the surrounding areas. Keep reading to learn more.
Why Do I Need Home Insurance?
Home insurance is often required by mortgage companies if a home is being financed. Even if a home is not being financed, though, home insurance is the only way to truly protect the investment you have made. If your home is damaged because of fire, natural disaster, or burglary, you will be left without a place to live and responsible for repairs or replacement of your home. A solid home insurance policy protects you from this.
What Does Home Insurance Cover?
Each home insurance policy can be customized to suit your particular needs, but in general, most policies will provide the following type of coverage:
- Property damage- Property damage can happen due to fire, natural disaster, or burglary. When this happens, you can be left vulnerable. This type of coverage will pay for repairs or replacement of your lost property.
- Liability coverage- If someone is injured on your property or within your home, you will be the one held responsible for the expenses that are incurred. This can be devastating for you and your family if medical bills are extensive or if legal fees result. Liability coverage will pay these expenses for you.
If you would like to learn more about home insurance, or any of our other insurance products, please contact us at Bogden Insurance Agency, serving Berlin, CT, and the surrounding areas.
When it comes to protecting your home, you can’t have too much coverage, or can you? Many people think that, adding coverage amounts that far exceed the value of your home, will allow you to have a bigger cash out if something happens to your home. But actually, that is not true.
Insurance laws do not allow people to collect insurance claim payouts for more than the home is actually worth. Therefore, it is wise to stay within the limits of the value of your home if you sold it today and not to exceed that. That being said, there are instances when you need extra insurance for certain circumstances such as floods or complete loss of the home that would require you to exceed the base value.
How much is enough? That depends on the actual value of your home, plus the amount you have invested in it if it is not included in the potential sales price. Of course, there are many other factors to take into account. That’s when you need an expert.
Who Can You Trust?
Bogden Insurance Agency serves the Berlin CT area and they are experienced at advising people on how much insurance to get to make sure your home is covered, no matter what disaster comes your way. They can also advise homeowners on other types of insurance such as flood, fire, and auto insurance.
Protecting your investment is their primary goal and they treat every customer like family!
They can share information with you about the appropriate amount of insurance, as well as the types of insurance coverage you need to be sure your home is protected, no matter what comes your way in the future.
See Bogden Insurance Agency if you’re looking for homeowner’s insurance in the Berlin, CT area. They can help you prepare for anything!
The cost of living in Connecticut is one of the highest in the country. It isn’t easy to break into the housing market. A condo is one way to buy your own place without having to break the bank. Whether you are a first-time buyer or a retiree, condos are a popular choice to get a place of your own. At Bogden Insurance Agency in Berlin, CT, we have been offering friendly service since 2008. As an independent agency, we can offer more choices and better options.
As a condo owner, you may wonder what kind of insurance you are required to have. If you have a mortgage, your lender will require the same type of insurance a homeowner must buy. If you own your unit outright, you need to check your condo covenant. Chances are, you are required to have insurance to protect the other owners in the association.
The homeowners’ association will have insurance covering common areas and the exterior of the building. With home insurance, you are responsible for the exterior of your own home; with a condo, you are usually responsible for everything inside the interior walls. This usually includes plumbing and electrical. This is the main difference between condo insurance and home insurance.
The condo association has liability insurance for common areas, places like the pool, elevator, and parking lot when it comes to liability coverage. Home insurance provides inside and outside liability coverage.
Both home insurance and condo insurance offer content coverage. This can be either actual value or replacement cost, depending on what works best for your own items. Both policies most likely offer loss of use coverage, allowing you to find a place to stay when your home is uninhabitable.
Contact Bogden Insurance Agency in Berlin, CT for any insurance needs you have.
Losses of property such as electronics, furniture, and other valuables during a fire or other event, are typically covered under your homeowner’s policy. While some certain limits and factors affect coverage, a skilled insurance agent can help guide you through your insurance policy to understand how much coverage you have and what is covered. Trusting professionals with years of experience and knowledge can give you welcomed peace of mind.
Bogden Insurance Agency of Berlin, CT has been helping homeowners and others with personal property insurance coverage stay protected during times of disasters and other adverse events.
Type of Personal Property Insurance
In general, two types of personal insurance coverage may be a part of your homeowner’s insurance policy. These include Actual Cash Value and Replacement Cost. Different factors can affect the level of coverage of these insurance types, so it is crucial to speak with your agent to learn more.
Actual Cash Value will reimburse a certain amount based on the current value of a possession. There are usually limits on this amount, and other factors may affect it. With Replacement Cost, a certain amount is paid to replace a particular item during the claim. It is important to discuss limits and details with your agent within your homeowner’s insurance plan that covers personal property.
Quality Insurance in Connecticut
Contact us at Bogden Insurance Agency of Berlin, CT to schedule an appointment with one of our agents to discuss your personal property insurance coverage options. We can help you understand your personal property coverage so you can be sure your possessions are adequately covered in the event of a loss. Get in touch with us today to learn more about what we offer. We look forward to serving you.