Utah’s Home Insurance Requirements

As a homeowner, it is always important to protect your investment. Property owners in the Vernal, UT area have a great option to discuss coverage and requirements with Perry Insurance Agency. Homeowner’s insurance is the simplest way to get coverage against things like disasters, accidents, and vandalism. However, it is also important to be aware that each area of the country will have slightly different requirements. Like every other state, Utah requires a certain level of coverage on mortgaged homes because a bank also has an interest in preserving the property as an investment. 

Fortunately, Utah tends to be on the inexpensive side for coverage. The average policy within the state is a few hundred dollars below the national average. However, this can also change based on the size of the property and a number of other issues. Homes in Utah also need to be covered against natural disasters like earthquakes and mudslides that occur with some regularity. There are also separate flood insurance policies to protect against water damage, and this may be required if the property is located near water or within a flood zone. Landslides are also treated differently from other problems, and your provider may need to get separate coverage for these events because most normal homeowner’s insurance policies do not cover them. Earthquake insurance is also another kind of overlooked insurance that is usually separated out from homeowner’s policies within the state. This is worth looking into, as earthquakes are becoming more common in Utah and surrounding areas. 

For more help with homeowner’s coverage in the Vernal, UT area, you can speak with an agent from Perry Insurance Agency. These representatives are knowledgeable of Utah’s specific requirements. 

 

 

 

Can Consumers Buy a Home Without Homeowners Insurance?

Homeowner’s insurance isn’t a strict legal requirement in most cases, but if you take out a mortgage or a second mortgage on the home, the lender will probably require it. The experts at Perry Insurance Agency can walk you through what homeowners policy is best suited to your home in Vernal, UT. In the meantime, take a look at some information to help you understand what homeowners insurance covers.

What Does Homeowners Insurance Offer?

Homeowners insurance gives owners protection from a number of covered events that cause damage or destroy their property. This financial protection is critical in the face of such a devastating loss. 

Legally, you can technically own a home without carrying insurance on the property. However, not many people are comfortable risking everything without the chance of regaining their loss through an insurance carrier. 

Most homeowners insurance policies include liability insurance. There are two main categories of liability protection, property damage, and personal injury. Liability insurance takes care of the cost of repairs if your home is damaged from an event written into the policy. It also pays for bodily injury for anyone injured while on your property. Ask your insurance agent how much liability coverage you may need.

Why Do Mortgage Lenders Require Homeowners Insurance?

Homeowners insurance helps mortgage lenders guarantee they can get back their investment if a home is damaged or destroyed due to an unforeseen event. Therefore, they’re likely to require a homeowners policy as a condition of getting the home.

Your representative at Perry Insurance Agency in Vernal, UT can walk you through the most likely options needed to protect yourself from catastrophic financial damage for covered events. Contact us with your questions and to schedule an appointment for a quote. We can help you find insurance in over 24 states!

Tips for Filing a Home Insurance Claim

Every homeowner dreads the thought of having to face a disaster that destroys their home or properties. If you have never filed a home insurance claim before, you shouldn’t rest easy. You’re more likely to file one during your lifetime, so understanding the claim process is crucial. Perry Insurance Agency suggests the following tips to help you go through the claim process in Vernal, UT.

Understand your Policy

You should first understand your coverage limits and deductibles. This is critical when filing a home insurance claim. For example, if a flood damages your home and your policy excluded such risks, your claim will be rightly denied. Your deductibles will also affect how much cash you’ll pay out of pocket for the repair or rebuilding of your home. This can help you determine which repairs are urgent and which ones can wait for a later date.

Document your Damages

Whenever a covered loss occurs, document all the damages before you begin the cleaning or repair process. Take several pictures of the damages caused to your home or property, furniture, electronic devices, clothing, and so on. If you’re forced to make a few repairs before filing your home insurance claim, be sure to keep all the receipts. After filing the claim, the insurer will send an adjuster to assess the situation and provide an estimate of the damage. This can difficult to achieve after cleaning the home and carrying out repairs, so the photos and the documentation of the receipts will be of great help.

Understand your Rights to Dispute Estimates

Sometimes you may not agree with the insurer’s estimates. You have rights under your home insurance policy to dispute or appeal the procedure. One way to achieve that is by submitting a second estimate through a public adjuster that you can hire. A public adjuster works exclusively for you, unlike an insurer’s adjuster who works for the interest of the insurance provider. Additionally, the public adjuster will work with you through the entire claim process to ensure that you receive your full entitlement under your home insurance policy.

Perry Insurance Agency is an experienced provider of affordable home insurance policies in Vernal, UT and surrounding areas. If you have further inquiries about filing home insurance claims, call us today. We serve over 24 states across the country. But if you need a quote, use our online rating tool or stop by our Vernal, UT offices.