Articles Tagged "indian lake home insurance"

Choice Properties Real Estate Home

Subscribe and receive email notifications of new blog posts.

rss logo RSS Feed
Bellefontaine | 19 Posts
Home Buyers | 68 Posts
Home Owners | 31 Posts
Home Sellers | 36 Posts
Indian Lake | 23 Posts
Lakefront Homes | 6 Posts
Living in Ohio | 11 Posts
Logan County | 7 Posts
Moving | 11 Posts
Real Estate | 10 Posts
local attractions | community life | life in Bellefontaine | home staging | presentation | house showing | inspections | real estate agents | house hunting | finding a home | recreation | home listings | seasons | winter | midwest | outdoors | homes in bellefontaine | bellefontaine school system | find homes in bellefontaine ohio | bellefontaine businesses | homes for sale in bellefontaine | History of Logan County | Life in Logan County | Logan County Indians | Local Culture | Residents of Logan County | Houses for Sale in Logan County | Logan County Lawncare | home presentation for sellers | Showing Your Home in Logan County | Logan County Hospitality | Logan County Attractions | Local Lodging | Summer | Central Ohio Attractions | Summer Festivities | Festivals and Events | Indian Lake Boating | Summer Sports | Homeowners | Home Utilities | Summer | moving | moving | smartphone apps | home mortgage | home financing | interest rates | home buying budget | home repairs | House Comps | Home Decorating | Local Wildlife | Home Gardens | Landscaping | Home Maintenance | Home Care | Organizing your Home | Selling Your Home | Family Bonding | House Cleaning | home improvements | house upgrades | kitchen remodel | bathrooms | outdoor patio landscaping | making an offer | looking for homes in logan county | home shopping in bellefontaine | dream home | window treatments | energy costs | energy bill | home insulation | energy efficiency | solar energy | home staging | home buyers | long distance sale | vacation home | investment properties | indianlakeproperty | indianlakeboatshow | indianlake | home remodeling | cleaning closets | home upkeep | indian lake living | garage | garage cleaning | garage storage | closing costs | house financing | closing on a home | retirement | retiring in ohio | retirement home | finding a home | living in ohio | ohio retirement | moving to a new neighborhood | relocating | moving | healthy living | central ohio neighborhoods | indian lake neighborhoods | home insurance | insurance policies | buying homeowners insurance | homeowners insurance | insuring your ohio home | indian lake home insurance | buy a home in indian lake | indian lake homes for sale | indian lake real estate | bellefontaine real estate | bellefontaine properties | when to buy | calculate your payments | buy a home in indian lake | indian lake ohio real estate | homes near indian lake | homes in bellefontaine | central ohio homes | northern ohio homes | renting your home | home rental | AirBnB | vacation home rental | indian lake vacation homes | vacation homes by the lake | sellers market | selling your home | indian lake homes | homes for sale | central ohio homes | home loans | home financing | qualifying for a home loan | finding a mortgage | home mortgages | mortgage lending | buying a home in bellefontaine | buying a home | home buyers | bellefontaine homes | buying lakefront property | vacation home on the lake | vacation homes | renting your home | find the perfect home | waterfront living | Seasonal | Home Maintenance | Home Protection | Home Care | Seasonal | Winterization | Winterize your Home | Home Care | Home Maintenance | Energy Costs | Retiring in Ohio | Retire in Ohio | Renting a Home | Pros and Cons | Buying a Home | Home Renovations | home repair | living in a home | homeowners | fixing up a house | Retirement | Vacation Home | Houses for Sales | Senior Living | real estate agent | real estate company | indian lake real estate | working with an agent | renting a home | buying a home | home buyers | home owners | cost of renting | cost of buying a home | indian lake home | buying a home | indian lake houses | real estate ohio | bellefontaine hosue | senior citizens | retirement property | buying a home | indian lake homes | indian lake properties | senior house | buying a home | closing on a house | closing sale | mortgages | logan county homes | feeling at home | buying a home | finding a home | home shopping | bedrooms | kid bedrooms | kids | family home | home renovations | winterizing | winterizing your home | home care | home maintenance | home protection | winter | Home Repairs | Home Maintenance | Fixing a Clogged Sink | Tips for Homeowners | Living Room | Using Space | Decorating | Furniture | Refinancing | Financing | Buying a Home | Saving Money | New home buyers | Escrow | Home buying process | ohio home buyers

 Insurance FAQs for New Homebuyers


Purchasing home insurance for the first time can be overwhelming. Review some of the common insurance questions before shopping for coverage to build knowledge of policies and find the best one to suit the family's needs.


Why Buy a Policy

Most states require drivers to possess auto insurance prior to driving a car off the lot. Home insurance is different in that a person can legally own a home without insurance. If a loan is needed to purchase a home, the lender will likely require the family to purchase home insurance as a way to protect the investment.


Coverages Included

Home insurance policies typically include coverage for the home's structure, contents, liability, other structures (toolshed, etc) and additional living expenses. Learn more about items typically covered in home insurance policies:



If the home is damaged or destroyed by a covered peril and needs to be repaired or rebuilt, insurance can help cover expenses. Structural coverage is not the same as the amount paid for the home. A person needs to set structure coverage for the amount it would take to rebuild the home from the ground up.



Coverage typically begins for belongings which are damaged or destroyed. Usually set between 50 and 70 percent of the home's structural coverage, high-value items (jewelry, art, valuables) may have a cap on the repair/replacement value..



If a person becomes injured on the property, the liability portion of insurance can help pay for medical, rehabilitation and/or funeral expenses. This will also include legal fees in the event the injured party decides to sue. Liability is usually set around $100,000 worth of protection. Insurers recommend more at $300,000-$500,000.


Covered Perils

Standard home insurance policies can cover damage by fire, windstorms, hail, lightning, theft, vandalism, explosions and riots. Typically, water damage from freezing and bursting pipes is also covered. Damage from floods or earthquakes is typically not covered as natural disasters require separate policies for people living in a high-risk area where this is a more common occurrence.


Policy Cost

Insurers take the following into account to determine cost of coverage:

  • Credit score

  • Claims history (personal and claims history for the area)

  • Location of home

  • Age of home

  • Cost associated with rebuilding home

  • Proximity to fire department

  • Pet owner status (owning a dog means more liability coverage)

  • Coverages selected


Saving Money

When looking for ways to save money, scope out discounts. Most providers offer discounts to policyholders. Build multiple policies (home, auto) with same provider for simple ways to save more each month. Raising the deductible (amount agreed to pay personally toward a claim prior to insurance) will result in lower premiums. Set it reasonably low enough to be affordable but also provides coverage necessary in the event disaster strikes.




Looking for guidance through the home buying process?

The award-winning real estate agents of Choice Properties are on hand to answer your questions.