Home & Auto

Homeowners Insurance

Homeowners Insurance is a necessity for any homeowner. Most financial lending institutions require insurance as a condition of the loan agreement. A Homeowners Insurance policy it is an excellent way to protect any valuable assets. Homeowners Insurance also protects against a wide range of potential disasters. Policies not only provide protection against disasters such as flood, fire, vandalism and theft of property, but they also provide protection against lawsuits if someone is injured while on the owner's property. Additional coverage for other events and perils may exist and will be outlined in the policy. A commonality between all insurances is the importance of knowing what is covered by your policy; Homeowners Insurance is no exception. Equally important is knowing your rights as a consumer and an insured.

All Homeowners Insurance policies start with same basic coverages, endorsements that are added increase the coverage. Endorsements can be added to cover almost any additional item of value. Endorsements exist for almost anything that needs to be covered, it is these endorsements that make each policy unique to the policyholder. The question to be asked with regards to endorsements is, “What needs to be covered and how much am I willing to pay?” There are exclusions (items and perils that are not covered) in each Homeowners Insurance policy and endorsements also exist and can be added to include coverage on the exclude items or perils.

When insuring a home, it should be insured for the total amount it would cost to rebuild the home if it were destroyed. If insufficient insurance exists on the home, the insurance company will only pay a portion of the total cost to replace or repair the damaged items. Insuring a home for anything less than the replacement cost is risky.


Auto Insurance

Auto Insurance is required in all states. Like all other insurance, Auto Insurance is designed to be asset protection. Attempting to operate on state minimum required insurance is very dangerous. Also, if an automobile is financed, the lender may require comprehensive and collision insurance as a condition of the loan agreement. Auto Insurance is a necessary and worthwhile investment.

Many levels of coverage are available for Auto Insurance, although purchasing the required State Minimum level of insurance is not recommended. Liability only coverage is also available, but remember, it only covers the damage you inflict upon someone else or their property (property including automobiles). This coverage is mostly purchased on older vehicles that have a low value. Typically this level of coverage is not allowed for vehicles with outstanding loans, the financial lending institution will require Full Coverage.

Purchasing Home and Auto Insurance should not only be about getting the best price, but getting an agent and agency that is knowledgeable and whom you trust. A good agent makes all the difference, at Sonnenberg Agency, LLC we are the good agents, contact us today for Home and Auto Insurance quotes.