An Overview of Home Insurance In Indiana

From Fort Wayne to the Ohio River, Indiana is a fantastic state to call home. However, if you own a home in Indiana, you need home insurance from Wise Insurance Agency in Ft. Wayne, IN. But before going far, let’s explore the ins and outs of home insurance to help you make your decision easy when shopping for one.

Is home insurance mandatory in Indiana?

Home insurance isn’t mandatory in Indiana, but many home lenders put it as a requirement as long as the loan facility is outstanding. Since most homeowners don’t have the cash to compensate lenders when the home (acting as security) is damaged, home insurance becomes the surest bet to protect lenders.

Home insurance coverage options in Indiana

The best part of home insurance is that it comes with various options. This flexibility makes it affordable, convenient, and customizable to fit multiple needs. Below are some home insurance coverages to consider.

  • Dwelling coverage: Covers your home and the attached structures from damage against theft, vandalism, lightning, storms, fire, and many other calamities.
  • Contents coverage: Pays for replacement of your assets in case of damage or loss. 
  • Liability coverage: Protects you from property damage and bodily injury caused to third parties.
  • Additional living expenses coverage: Covers additional living expenses (like hotel meals and accommodation) whenever your home becomes unlivable for one reason or another.

Home insurance exclusions

While home insurance covers most perils, it won’t protect you against floods and earthquakes. As such, if your home is located in floods and earthquakes prone areas, talk to your agent for separate coverage. 

Besides, home insurance won’t cover damages emanating from neglect, normal wear and tear, and damage by pests and molds.

Home insurance in Indiana

Would you like to protect your home with home insurance? Don’t look beyond Wise Insurance Agency. Contact us today, and our team will help protect you and your home.