Coverage Options for Home Insurance

Are you ready to get a comprehensive and high-quality home insurance policy? Please reach out to Wise Insurance Agency serving Ft. Wayne, IN to learn more about your options and get started on better home protection.

Factors to Consider 

When deciding on the best home insurance policy, you need to consider things like:

  • Your home and yard’s overall size 
  • The crime rate in your area 
  • Natural disasters that may occur 
  • Your intensive credit history 
  • Premium costs you can afford 

Coverage Options to Consider 

Insurance comes in a few different styles, including HO-3 and HO-5. The first type covers particular listed possessions in your home and provides personal liability protection. HO-5 covers all private property except for excluded elements. Talk to your insurance agent about which type works the best for your protection needs and your financial situation as a homeowner. 

Discuss Your Limitations 

Home insurance may not cover clothing, electronics, tools, appliances, and jewelry without special endorsements. These endorsements are also known as riders and help to make your policy more intensive and complete. A high-quality agent can help you better understand these riders and set up your policy in such a way that you can cover every element without concern. 

Know What is Not Covered 

Many home insurance policies do not cover: 

  • Issues and damage caused by loss of power 
  • Normal wear and tear issues with a home 
  • Mold growths not connected to floods 
  • Animal and pest damage 
  • Poor maintenance 
  • Government action, such as eminent domain 
  • Damage caused by war or nuclear disasters 

Get Help Today 

If you’re ready to protect your home and need an insurance policy that makes sense for your needs, reach out to Wise Insurance Agency near Ft. Wayne, IN. Our team will do what it takes to get you covered smoothly and efficiently.

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.

Three home insurance add-on coverage options to consider

It’s important to be aware of and consider all of your coverage options before you purchase a home insurance policy in Ft. Wayne, IN. At The Wise Insurance Agency, we can help you find home insurance coverage to protect the investments you make in your home.

The following are three types of home insurance add-on coverage that you should be aware of when you purchase a policy.

Underground utility line coverage

A standard home insurance policy won’t necessarily cover you for damages to your utility lines. However, your sewer, water, electric, and gas lines could become damaged in a variety of ways. For instance, tree roots growing in a home’s yard can obstruct or break these utility lines. 

If you invest in underground utility line coverage, any resulting costs from these incidents will be covered. 

Sewage backup coverage

One of the most unpleasant problems to have to deal with in a home is a sewer line backup. Sewer line backups can be caused by heavy rains and lead to severe damage to a home’s walls, flooring, and other components. Add-on sewage backup coverage will pay for resulting expenses. 

Watercraft endorsement

Boat owners should be aware of watercraft endorsement options on their home insurance policies. A watercraft endorsement could provide coverage for small watercraft. This endorsement can provide coverage while a boat is both on land and in the water. 

Watercraft endorsements can often cover both collision damage expenses to the watercraft itself and liability costs the owner faces through watercraft operation. 

Learn more about home insurance coverage by contacting us at The Wise Insurance Agency. We’ll help you find the home insurance coverage you need in Ft. Wayne, IN.