Your home is one of the most significant investments you will ever make. If this important asset is not properly insured, a single incident could result in catastrophic financial loss. In addition, if your home secures a mortgage, home insurance may even be required by your lender. For these reasons, carrying the proper amount of home insurance is essential.
West Virginia Home Insurance Basics
Home insurance protects you from loss when your home is damaged or destroyed. Most home insurance policies cover your home's structure and the personal property it contains. Home insurance may also provide liability coverage to protect you from claims made by people who become injured on your property.
Home insurance coverage limits may be based on your home's market value or on its replacement value. The market value of the home is the amount of money you could expect to receive if you sold it in the current market. The replacement value is the amount of money it would take to rebuild the home from scratch.
Shopping for Home Insurance in West Virginia
Home insurance premiums vary considerably based on the value of the home, the options chosen and other factors. However, premiums for the same policy may also vary among insurers. To ensure that you are getting the lowest price on coverage, it's necessary to compare quotes from multiple providers and choose the best option.
At Fenton Insurance & Associates, we are an independent agency with access to quotes from all of the top carriers. We can help you decide how much coverage you need, compare quotes and purchase a policy. Because we are an independent agency, we will also be available to address any questions or concerns you may have about your coverage.
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