Homeowners Insurance

It can be financially devastating if something unfortunate happens to your home or belongings. Homeowners insurance can provide the monetary support you need to recover after a covered loss. In addition, coverage can also give you a layer of protection against liability claims that could be filed against you.

The Mequell Green Insurance Agency has provided homeowners insurance to the residents of the greater Richmond, Virginia, area since 1997. We also work with clients in Maryland, Georgia and Philadelphia, and we can help you get a homeowners insurance policy that gives you optimal protection.

What Does Home Insurance Cover?

Homeowners insurance includes home protection and liability coverage, and four indispensable coverages are typically part of a homeowners policy. These include:

• Liability protection helps pay for the costs of medical bills and lawsuits for bodily injury or property damage that you or a family member causes. It also helps to cover the costs of medical expenses for injuries sustained by guests on your property. Your policy might also pay court costs and awards—up to your limit.
• Personal belongings coverage may pay for the costs of repairing or replacing personal things stolen or destroyed by a covered loss. A personal property endorsement or floater can supplement your policy, insuring expensive items for their appraised value.
• Property structure coverage may help pay to repair or rebuild your home after a covered event.
• Additional living expenses protection may help pay your living costs if you need to live elsewhere because of a covered incident. This coverage might pay your hotel bills, restaurant meals and other living expenses—up to your policy’s limit.

How Does Home Insurance Work?

As a homeowner, you may have decided to purchase home insurance. A home insurance policy is a contractual agreement with your insurer. In exchange for home insurance coverage, you agree to pay a premium.

If you need to file a claim with your insurer for a covered loss on your home or belongings, your insurer will review it and decide its validity to compensate you for your loss. If valid, your insurer will issue a check so you can begin the recovery process. Maintaining contact with your insurer to promptly address any questions or concerns is essential. You will also want to speak with your agent about their specific claims process since the claims process can vary by insurer.

When Do I Need Home Insurance?

Many lenders often require home insurance before financing a mortgage. However, even if your lender doesn’t require a home insurance policy, you may want to buy coverage for its financial protection. We can help you get the appropriate coverage for your needs—and to meet any lender requirements.

Where Do I Get Homeowners Insurance?

The Mequell Green Insurance Agency can help you get the right coverage to protect your home and belongings. We can help ensure your home and possessions have the appropriate coverage if you need help.

Call our Glen Allen Office at 804-672-7222 or our Chesterfield Office at 804-748-2919 for help with your home insurance.