You take a lot of pride in owning and maintaining your home. Make sure you protect your house and the things inside it with a personalized home insurance policy from Butler Insurance. Our team helps homeowners in the greater Indianapolis area find affordable home insurance with the coverage necessary to minimize financial exposure to risk. We offer policies that include protection against a wide range of perils, including:
- Fire and smoke
- Wind and hail
- Ice and snow
- Theft and vandalism
- Falling objects
- Water damage
- And more
Home Insurance for Indianapolis Area Homeowners
As an Indiana homeowner, you have access to multiple types of home insurance policies, each of which comes with different levels of standard coverage. We generally recommend purchasing a policy that includes all of the standard and scheduled coverage you need to minimize your out-of-pocket costs after a loss. These generally include:
Dwelling and Other Structures
Your home insurance policy should include coverage for your home’s physical structure, as well as the other structures on your property, such as a fence or pool house. Do not base your coverage needs on the price you paid for your home or the amount you owe for it, but instead for the cost to clean up your property after a loss and rebuild the house according to current construction costs with the same or similar materials. Remember to reassess those costs when your policy renews to account for inflation.
Your home insurance policy should provide enough coverage to reimburse you for the loss of your personal belongings after a covered event. Standard coverage generally covers the actual cash value of your belongings based on depreciation, although you may be able to add an endorsement to cover the full replacement cost of your items. Be sure to let your agent here at Butler Insurance know if you have any high-value items with a replacement cost that exceeds the coverage limits of your policy. We may be able to offer scheduled coverage for those items to ensure they are fully protected against loss.
Loss of Use
You cannot imagine having to move out of your home unexpectedly, but a damaging event could result in forced displacement for several days, weeks, or even months. Loss of Use coverage helps pay for your extra living expenses until you can return to your home, from the cost of lodging to meals and laundry costs.
Liability coverage is another important part of a typical home insurance policy, as it provides protection against lawsuits. For example, if you host a party and your dog bites a guest, you could be liable for the injury. Liability protection helps pay your legal fees and any damages you are responsible for up to the limits of your policy. We recommend working closely with your independent agent to determine how much liability coverage you may need to protect your assets and future income against property damage and bodily injury litigation. In some cases, we may even recommend backing up your high-limit liability coverage with an umbrella insurance policy that extends your liability protection by an additional $1 million or more.
For more information about Indiana home insurance coverage, contact the team here at Butler Insurance today. We look forward to serving you soon.