Category: Home Insurace

Personal property coverage is a central component of most home insurance policies, and you may have a few options when setting up this coverage. Here’s a look at some of the most common options that Huntington, WV homeowners have about their personal property coverage.

Understanding Coverage Limits

A coverage limit is the highest amount an insurance policy will pay for a covered claim. Personal property coverage limits are typically a percentage of your home insurance’s coverage for the house itself. For instance, if your home is insured for $100,000 and your personal property coverage is set at 50%, your possessions would likely be protected up to $50,000. 

In addition to the general percentage-based limit, policies sometimes have lower limits for specific items. For example, jewelry, firearms, collectibles, and other high-value items might have particular limits. We at Partners Insurance & Financial Services Inc. can help you review a policy to see its limits for particular types of items.

Choosing Between ACV and Replacement Cost

Two main types of personal property coverage are actual cash value (ACV) and replacement cost. ACV generally considers depreciation, paying out the current value of an item at the time of loss. Replacement cost coverage normally pays the cost of purchasing a new item of similar kind and quality, essentially replacing what was lost.

We at Partners Insurance & Financial Services Inc. often recommend replacement costs because they provide more robust protection. Our agents will work with you to confirm that this option would best protect your belongings.

Protecting Your Belongings

If you own a home in Huntington, WV, contact us today to ensure that your home insurance protects your belongings.

Personal property coverage is a central component of most home insurance policies, and you may have a few options when setting up this coverage. Here’s a look at some of the most common options that Huntington, WV homeowners have about their personal property coverage.

Understanding Coverage Limits

A coverage limit is the highest amount an insurance policy will pay for a covered claim. Personal property coverage limits are typically a percentage of your home insurance’s coverage for the house itself. For instance, if your home is insured for $100,000 and your personal property coverage is set at 50%, your possessions would likely be protected up to $50,000. 

In addition to the general percentage-based limit, policies sometimes have lower limits for specific items. For example, jewelry, firearms, collectibles, and other high-value items might have particular limits. We at Partners Insurance & Financial Services Inc. can help you review a policy to see its limits for particular types of items.

Choosing Between ACV and Replacement Cost

Two main types of personal property coverage are actual cash value (ACV) and replacement cost. ACV generally considers depreciation, paying out the current value of an item at the time of loss. Replacement cost coverage normally pays the cost of purchasing a new item of similar kind and quality, essentially replacing what was lost.

We at Partners Insurance & Financial Services Inc. often recommend replacement costs because they provide more robust protection. Our agents will work with you to confirm that this option would best protect your belongings.

Protecting Your Belongings

If you own a home in Huntington, WV, contact us today to ensure that your home insurance protects your belongings.

Partners Insurance & Financial Services Inc. understands that zoning mistakes in Huntington, WV can be very frustrating and cost a lot of money to manage. That’s an issue that you can’t afford to ignore. Thankfully, high-quality insurance may help minimize this issue’s impact on you.

How Zoning Errors Can Impact You 

How exactly do zoning errors happen? Well, some surveyors may improperly survey the land and cause mistakes that can affect how your property is zoned. If you live near a commercial area, this might mean some of your home is considered commercial property!

In this situation, you might need to relocate some of your home or property to avoid serious issues. Obviously, that’s a very frustrating and costly situation. Is there any way that your insurance can help? Thankfully, it’s possible that some policies may provide support here.

Can Insurance Help?

It’s important to talk with your insurance company and with your local zoning team about any errors that may have been made in your home. They can find a solution that makes sense for you and provide some insurance coverage under policies like “Unforeseen Damages” and other similar protection.

This type of insurance is so important in situations like these because zoning errors are so rare. When they do occur, it can be hard to know who is picking up the bill. With the help of the right insurance policy, you can make sure that you’re not stuck paying for someone else’s mistake.

Get Help Today!

The tough thing about this situation is that nobody really expects to have zoning areas. That’s why Partners Insurance & Financial Services Inc. strongly suggests getting a Huntington, WV policy that covers this problem before you experience one. Even if you don’t, that policy will cover other things and keep you safe.

West Virginia residents who want to protect their most significant investments know that having home insurance is essential. 

How Do You Choose a Home Insurance Policy?

Understanding the nuances of home insurance, how it works, and what it covers are crucial factors for West Virginia insurance seekers. Partners Insurance & Financial Services Inc. in Huntington, WV can help! 

Licensed agents can help you navigate the home insurance landscape and understand the unique challenges West Virginia homeowners face. For example, the local climate can present challenges in the form of heavy snowfall during winter and torrential downpours that can cause flooding and structural damage to home foundations in the cooler months. 

West Virginia home insurance policies can shield homeowners from loss and provide financial security from natural disasters, fires, flooding, water damage, and other covered events. 

Home Insurance Basics for Huntington, WV Residents

Some of the key provisions in home insurance policies include the following. 

Dwelling Coverage: Get dwelling coverage to protect the structure of your home from unforeseen events. 

Personal Property Coverage: Protect your favorite belongings like iPads, iPhones, desktop computers, and furniture from perils like theft or fire. 

Liability Coverage: Given WV’s hilly terrain and unpredictable weather patterns, liability coverage is paramount to protect you and your visitors if injured on your property. 

Additional Living Expenses: Home insurance policies that cover other living expenses come in handy when families are temporarily displaced due to an unforeseen event. 

Flood Insurance: Some areas of the state are highly flood-prone. Living in flood-prone areas means having a flood insurance add-on, as standard home insurance policies may not cover it. 

Reach Out To Us

Contact the home insurance pros at Partners Insurance & Financial Services Inc. to learn more about your coverage options and get a free quote today. 

For those that live in the Huntington, WV area, being a home and property owner is generally a good idea. When you are a property owner, you will have a good long-term investment and a consistent place to live. When you are evaluating your housing needs and options, you also need to get insurance for it.

There are a lot of reasons why you will need to get home coverage when you are here:

Coverage Protects Dwelling

A reason that all people in this state need to have home insurance is that it can protect a dwelling. For those that are looking to buy a home, finding a way to protect their investment will be a top priority. If you get a home insurance plan, you will have support to make repairs or replace parts of the property. This could help provide significant financial protection.

Home Insurance is Required for Many

For a lot of people in West Virginia, having home insurance is a requirement. When you choose to buy a home, you may take out a mortgage. If you do, the lender will require you to carry insurance until you have paid off the balance. They may also create escrows that can help ensure there is no coverage lapse. Carrying this insurance will keep you in good standing. 

Give Us A Call

If you would like to get a home insurance plan and you live in the Huntington, WV area, it would be smart to call our professionals with Partners Insurance & Financial Services Inc. There are a lot of great reasons to get home insurance, and our team with Partners Insurance & Financial Services Inc. can help you build a plan that will maximize your protection. This can help ensure you remain appropriately covered at all times. 

With the thought of a storm looming in the Huntington, WV area, it can be difficult to know what steps to take in order to prepare your home for bad weather.

Here are a few tips from us at Partners Insurance & Financial Services Inc. to help you stay safe and sound.

Preparing Your Home For A Storm

1. Check your roof and gutters for any potential damage or clogged debris that could cause water damage during a storm. Make sure all gutter systems are properly secured and clear of any blockages. 

2. Trim branches away from your house and put away outdoor furniture, such as chairs, tables, and barbecues. This will reduce the risk of them being thrown around by powerful winds or getting damaged by hail or falling branches. 

3. Bring in any outdoor decorations, toys, and other loose items to prevent them from flying away due to strong winds. Similarly, close windows and shutters if possible in order to protect against flying debris. 

4. Prepare an emergency kit with essentials like food, water, medications, flashlights, batteries and anything else you may need in case of an emergency situation. 

5. Keep plenty of sandbags around your home in case you need to divert floodwater away from certain areas or protect the foundation from potential flooding issues later on down the line. 

Also, Keep Your Home Insurance Policy Updated

A little preparation can go a long way when it comes to protecting against storms; taking these proactive steps can help save you time and money should one occur!

For more tips to keep your home and family safe, call us at Partners Insurance & Financial Services Inc. today! We can help you get the best home insurance policy for your needs. We proudly serve the Huntington, WV area. 

Home is where we feel that our families and loved ones are comfortable. However, owning a house also involves inherent risks like fire and vandalism. These unfortunate events can be stressful, subjecting you to detrimental financial consequences. Consult with our agents at Partners Insurance & Financial Services Inc in Huntington, WV and we will assist you with the home coverage that you need. 

Here are some benefits that are included with home insurance:

Protection of assets

Home insurance is designed to shield your home and the belongings stored in it. If a calamity occurs, your dwelling will get repaired or reconstructed, and your personal property will be reimbursed or replaced.

Provides additional living expenses

This policy can help settle the accrued additional expenses. It can range from food to accommodation in case you reside elsewhere as your house is being repaired or reconstructed in the aftermath of a peril.

Provide liability protection

Lawsuits from third parties against damage to their property and inflicted injuries by either you or your family members can be very stressful. However, worry not because liability coverage comes in and settles for medical bills accrued by a guest residing on your premises.

Get Home Insurance Today

Contact us today at Partners Insurance & Financial Services Inc. in Houston, TX and we can get you the home insurance coverage that you need. 

Huntington, WV is one of the best places in the state to own a home, and this is why as a resident, you should always protect your investment with a home insurance policy. Ensure that you always renew your policy on time so that your home is always protected. You are likely wondering – how often should you renew your home insurance policy? Partners Insurance & Financial Services Inc offers you this guide to decide. 

How Often Do I Need To Renew My Home Insurance Policy? 

1. Home insurance policy renewal best practices

Home insurance policies typically last for one year (12 months). Therefore, it’s good practice to renew your policy every 12 months. Your insurance provider will likely send you a renewal statement several weeks before renewal dates. Many insurers will automatically renew your policy if you opt to keep paying your bill. 

At Partners Insurance & Financial Services Inc., we recommend that you renew your home policy even before the 12 months lapses under the following special circumstances; 

• Your home decreases or increases in value
• You remodel your home or any part of it
• You add an extension to your home
• You install a robust anti-theft system
• You install a class-leading fire mitigation system 
• You reroof your home
• You cut down trees around your home
• You purchased expensive jewelry

2. How do I renew my home insurance? 

• Step 1. Check if your rates have changed: Your rates might have gone up or down depending on factors like inflation and property value depreciation. 
• Step 2: Update your policy as needed: The best time to make changes to your home insurance policy is when you are renewing it. Remember to ask for discounts where applicable. 
• Step 3. Review the changes to your coverage: Confirm that the changes to your home policy, whether made by the insurer or by you, are okay for you. 

Do you need excellent home insurance in Huntington, WV? Welcome to Partners Insurance & Financial Services Inc.; we will help you get the best home insurance policy.

If you own a home, it is most likely required by your lender that you get and keep a home insurance policy. However, even in cases where it isn’t required, no homeowner should be without this important insurance. Home insurance policies offer several different types of coverage that are each important for protecting your finances. If you need home insurance, give us a call at Partners Insurance & Financial Services Inc. in Huntington, WV.

House Protection

Your home represents a large investment, and your home insurance can help to protect that investment. There are many risks that houses can face, including disasters, accidents and calamities. If your home gets damaged due to one of the covered incidents, your home insurance can pay for the repairs that you will need. This protects you from having to come up with those funds on your own. If the home is destroyed, the policy can even pay for its rebuilding. 

Belongings Protection

Another important aspect of a home insurance policy is protection for your belongings that are inside your house. This protection pays for items to be repaired or replaced after a covered incident either damages or ruins them. This coverage protects you from having to start again with nothing in the event of a major incident. It is important to have this coverage so that you won’t have to come up with the money to replace your items if they should become necessary. 

Get Your Home Insurance Policy

With the important coverage included in a home policy, your finances can be well-protected in case the worst should happen. If you own a home, or you are in the process of buying one and need insurance coverage, give us a call today at Partners Insurance & Financial Services Inc. in Huntington, WV to find out more.