Homeowners insurance

Homeowner’s Insurance

What is ‘Homeowner’s Insurance’

Homeowner’s insurance is a form of property insurance that covers losses and damages to an individual’s house and to assets in the home. Homeowner’s insurance also provides liability coverage against accidents in the home or on the property.

BREAKING DOWN ‘Homeowner’s Insurance’

When a mortgage is requested on a home, the homeowner is required to provide proof of insurance on the property, before the lending bank can issue him or her a mortgage. The property insurance can be acquired separately or by the lending bank. Homeowners who prefer to get their own insurance policy can compare multiple offers and pick the plan that works best for their needs. If the homeowner does not have his property covered from loss or damages, the bank may obtain one for him or her, at an extra cost. Payments made towards a homeowner’s insurance policy are usually included in the monthly payments of the homeowner’s mortgage. The lending bank that receives the payment, allocates the portion for insurance coverage to an escrow account. Once the insurance bill comes due, the amount owed is settled from this escrow account.

A homeowner’s insurance policy usually covers four incidents on the insured property – interior damage, exterior damage, loss or damage of personal assets/belongings, and injury that arises while on the property. When a claim is made on any of these incidents, the homeowner will be required to pay a deductible, which in effect, is the out-of-pocket costs for the insured. For example, a claim is made to an insurer on an interior water damage that occurred in a home. The cost to bring the property back to livable conditions is estimated by a claims adjuster to be $10,000. If the claim is approved, the homeowner is informed of the amount of his or her deductible, say $4,000, according to the policy agreement entered into. The insurance company will issue a payment of the excess cost, in this case $6,000. The higher the deductible on an insurance contract, the lower the monthly or annual premium on a homeowner’s insurance policy.

Every homeowner’s insurance policy has a liability limit, which determines the amount of coverage that the insured has should an unfortunate incident occur. The standard limits are usually set at $100,000, but the policyholder can opt for a higher limit. In the event that a claim is made, the liability limit stipulates the percentage of the coverage amount that would go towards replacing or repairing damage to the property structures, personal belongings, and costs to live somewhere else while the property is worked on.

Acts of war or acts of God such as earthquakes or floods are typically excluded from standard homeowner’s insurance policies. A homeowner who lives in an area prone to these natural disasters may need to get special coverage to insure his or her property from floods or earthquakes. However, most basic homeowner’s insurance policies cover events like hurricanes and tornadoes.

Homeowner’s insurance policy is different from a home warranty. A home warranty is a contract taken out that provides for repairs or replacements of home systems and appliances such as ovens, water heaters, washers/dryers, and pools. These contracts usually expire after a certain time period, usually 12 months, and are not mandatory to have in order to be issued a mortgage. While a homeowner’s insurance does not cover damages that result from poor maintenance or inevitable wear and tear, home warranty covers such issues.

A homeowner’s insurance policy also differs from a mortgage insurance, which is typically taken on home buyers making a down payment of less than 20% of the cost of the property. Mortgage insurance covers the lender for issuing a loan to a home buyer who otherwise, might not be able to get the loan required. Basically, a homeowner’s insurance protects the home owner and a mortgage insurance protects the lender.

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Homeowners insurance is designed to protect you from the things that can damage your home, belongings, or hurt you financially. It covers wind/hail damage, fires, lightning, theft, and more. Plus it covers injuries that occur on your property and lawsuits against you, such as someone suing you because they were hurt at your home.

When you get your free homeowners insurance quote, many of your coverages will be automatically included. Plus, you can add even more. We have expert agents standing by to guide you through your choices.

When you should consider homeowners insurance

Homeowners insurance is for you if you own a home, vacation home, or are purchasing a home. If you own a condo, town house, or row home you need condo insurance—or renters insurance if you rent from someone else. Not sure? Get a homeowners insurance quote, and we’ll make sure you get the right policy.

If you have a mortgage, your lender will likely require you to get insurance for your home. We’ll help take care of the details with your lender. Plus, in most situations, you’ll be able to combine your insurance payments with your mortgage bill (called escrow).

Homeowners insurance coverages we offer

We offer coverages for your house, garages, sheds, other structures on your property, lawsuits against you, and more. Get a homeowners insurance quote online, and we’ll have expert agents standing by to help explain all your options. Questions already? See our homeowners insurance FAQs.

Repair/rebuild your home and other structures

Home insurance pays to repair or completely rebuild your house, materials inside like your kitchen countertops, attached, and unattached structures (garage, deck, porch, swimming pool, shed, fence, etc.). You’re covered against fire, wind, hail, tornados, falling trees/limbs, ice dams, the weight of snow, sleet, or ice on your roof, and more.

Example: It snows a ton, and your roof caves in. The snow then falls into your house damaging your walls, kitchen cabinets, countertops, and more. Homeowners covers all of these damages.

Temporary living expenses

If you can’t stay at home during repairs, your homeowners insurance covers hotel stays and even meals (above what you’d normally pay).

Example: A tree crashes through your roof, and you have to spend $2,500 to stay two weeks at a hotel. You’re covered for that bill, plus your meal expenses beyond your usual costs.

Injuries and lawsuits against you

This coverage is called personal liability and covers property damage and injury lawsuits. That means if you/your family members are responsible for someone else’s injuries or damages to their property. You can add coverages for libel, slander, or other lawsuits.

Example: A delivery person falls on your steps, breaks their arm, damages their merchandise, and then their company sues you. Your homeowners insurance will pay for their medical bills, lost wages while they’re injured, and the damaged merchandise.

Your personal possessions

Furniture, clothes, electronics, appliances, tools, power equipment, etc. are covered (even if they’re not in your house). To get extra protection, you may have to add a separate coverage for jewelry, art, or other expensive items. If so, give us a call at the end of your online homeowners insurance quote.

Example: Someone breaks into your car and steals your cellphone and thousands of dollars worth of tools/equipment. You just have to pay your deductible, and the rest is covered.

Homeowners Insurance

Homeowners insurance provides coverage in the event of damage to your property, as well as liability for injuries and damage you cause to other people on your property.

Homeowners insurance policies provide broad coverage for losses to your home, your personal belongings and also for detached structures on your property. It also provides protection in the event of an injury to people on your property. While homeowners insurance is comprehensive coverage, there are some things it does not cover. That is why we take the time to get to know our clients, understand their needs and then craft a comprehensive risk management policy for them.

Homeowners insurance highlights:

Your Home — Your home should be insured for an amount based on the replacement cost value of your dwelling. Replacement cost is what it would cost today to rebuild your house in the event of a loss and based on current building codes. There usually is a deductible, which is an amount you would be responsible for before the policy starts to pay out.

Personal Property — Policies automatically provide a separate amount to cover your personal belongings, however, there is a deductible. We suggest that our clients create a home inventory.  In the event of a claim it will make it much easier to document your loss and make the claims process much easier.

Personal Liability — If you are legally responsible for an injury to a guest or for damage you cause to another person’s property, the personal liability section of your policy can provide important protection.

Other Structures — Basic coverage is included for any detached structures on your property.  Examples include sheds, garages or fences. There are specific limits on the amount of coverage available for these types of structures depending on the amount of coverage for the home itself.

Loss of use of home — If your home were to become uninhabitable, your policy can provide valuable benefits to help you with additional living expenses.

Contact us and one of our specialists will be happy to assist you.  We take the time to understand your unique situation in order to provide you with an insurance program that meets your specific needs.



Homeowners insurance policies provide broad coverage for losses to your home, your personal belongings and detached structures on your property. They also provide protection in the event of an injury to people on your property.

While homeowners insurance is comprehensive coverage, there are some things it does not cover. That is why we take the time to get to know you, understand your needs and then craft a comprehensive risk management program for you. The foundation for most people is a comprehensive homeowners policy.


Home Insurance

Your home should be insured for an amount based on the replacement cost value of your property. Replacement cost is what it would cost to rebuild your house today in the event of a loss, based on current building codes. There is usually a deductible, which is an amount you would be responsible for paying before the policy starts to pay out.

Personal Property Insurance

These policies automatically provide a separate amount to cover personal belongings. However, there is a deductible. We suggest our clients create a home inventory. In the event of a claim it will make it easier to document your loss and make the claims process easier.

Personal Liability Insurance

If you are legally responsible for an injury to a guest or for damage you cause to another person’s property, the personal liability section of your policy can provide important protection.


This policy offers you broad protection against direct damages to your property, including the main structure, structures separated from the main structure, and personal property. It also covers additional expenses incurred in the rental of a dwelling in those cases in which the property becomes uninhabitable and you need temporary accommodations.

The Homeowners insurance also includes a Public Liability section that covers personal civil liability, reimbursement of medical expenses to third parties due to accidents for which you turn out to be legally liable, and damages to property belonging to others that may occur in your home and during personal activities.

There are four categories, according to the type of risk and coverage required by the policyholder:

  • HO2: Broad.
  • HO3: Special.
  • HO4: Tenants.
  • HO6: Owners of condominium units.

Home Insurance – Protecting Fairmont

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Fairmont National Agency can help you find the homeowner’s insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

Insurance for All Kinds of Homes

Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today!

Minnesota – What you need to know about homeowners insurance

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.

Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

Fairmont National Agency is here to help you find the right insurance for your home

Whether you’re a home or condo owner, a renter, or a landlord, Fairmont National Agency will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

Your home insurance policy is most often made up of the specific options you choose, so how much you’ll pay for your policy depends on:

  • What you select. Oftentimes homeowners insurance options are priced individually, so how much you’ll pay for your policy depends on what coverages you buy.
  • How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
  • Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.

Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.

The Right Coverage. The Right Price. The Right Value.

The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.

Protection for Your Home

Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.

Protection for You and Other People

Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.

When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

Medical Coverage

This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

Additional Living Expenses

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses-commonly for up to 24 months-while damage is assessed and your home is repaired or rebuilt.

Protection for Your Belongings

Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

Scheduled Personal Property Coverage

If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.

If You Rent Out Your Home

Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.

Fairmont – Protect the Things that Matter to You

Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.

Every home is unique – talk to us today to find out how to get the best price and value on homeowners insurance for you.

Homeowners insurance is a contract designed to protect you as a homeowner against sudden and accidental losses. The home insurance policy is a contract between the homeowner, also known as the insured, and the insurance company.

The contract creates an agreement that, in exchange for the premium paid by the home owner, the insurance company will compensate the homeowner for unexpected, sudden, and/or accidental damage or disasters that occur to the home, and/or the contents of the home, as agreed upon in the policy wording.

Homeowners insurance protects a homeowner’s assets and ensures that a covered loss, risk or disaster will not leave them in financial distress. Whether you are looking to buy insurance as a first time homeowner, referencing information to make sure you are getting the best value for your money, or looking for help to understand your policy, here are some basics about homeowners insurance.

How Does Homeowners Insurance Work?

Your insurance policy is a contract that agrees to cover you for specified risks or perils that may happen causing you financial loss.

In exchange for a premium (the amount of money you will pay for your contract) the insurance policy forms an agreement that the insurance company will compensate you for losses as described and detailed in your home insurance policy.

All the terms and conditions of your policy dictate what is covered, how a claim will be paid, and what is excluded or limited. You can find the basic coverage information of your insurance contract on the Declaration Page of your insurance policy.

The insurance policy contract clearly outlines definitions and special limits to let you know what to expect as an insurance policy holder.

How Much Does Home Insurance Cost?

There are many factors that determine how much home insurance costs. Based on statistics, the average cost of homeowner insurance in the United States is $1,132 per year and the average renters insurance cost is $190 per year, according to the Insurance Information Institute. Those are just the averages. The cost can vary, based on the following three factors:

  • Your personal information including your age, occupation, if you have insurance history, your credit rating, if you belong to any organizations that have group insurance plans or discounts, your lifestyle and use of your home.
  • The Information related to the location of your home, the loss experience in the area where your home is located and anticipated risk factors about where your home is physically situation impact insurance rates.
  • The details about your home, including renovations, the year of construction and the materials used in building your home as well as any additional security you have at your home.

Your personal insurance history and information usually allows for discounts to be added to a policy, so even if you compared the price of insurance for two identical houses right next to each other, the price might be different if the people who own those houses have different personal situations.

Is Home Insurance Worth It?

Home insurance provides people who own their home a valuable resource to protect their investment and financial stability if a situation comes up where there is sudden and accidental damage to your personal property or house itself. It also protects you by providing liability insurance that arises as a result of your home ownership, or even as a result of your actions and activities as an individual worldwide.

How Much Home Insurance Do You Need?

Your home insurance needs to have enough coverage to provide you with compensation for financial losses in 4 major categories.

  1. The value of your structure, or building. Also known as the dwelling insured value. This does not include the cost of the land.
  2. The value to replace your contents or personal property. «Personal property» encompasses the things that are not part of the structure — the things you brought with you when you moved into the home, or furniture and other property you bought and keep in your home.
  3. Cost of additional living expenses. These are expenses that you would incur as a result of a claim if you were unable to live in your home due to a covered loss or insured peril while the insurance company repairs your home when it is unlivable. A home is unlivable when there is no running water or electricity, or when there is destruction that makes it impossible to live in the home during repairs. Each insurance company may define this differently or may assess the need to move out on a case-by-case basis.

A home insurance policy is a package policy. The cost of the insurance is based on the value of your home, or insured dwelling value for home insurance.

The cost of insurance is based on your contents value for renters insurance or condo policies.

The additional living expenses are usually a percentage of the primary coverage, and the liability coverage comes as a base but can be increased depending on your personal needs.

Other Home Insurance Coverages

There are other coverages that can be included in home insurance policies, for example a homeowner policy will also include additional structures as a percentage of the building amount. As an overview, the above are the base sections of coverage that you would want to focus on in order to figure out how much home insurance coverage you need.

Additional coverages can be added by endorsement if you need more coverage than is included in the home insurance package. Home insurance policies usually have special limitations on certain items, like jewelry; if after reviewing your policy special limitations there’s property you want to make sure is covered, then you may decide to add an insurance rider.

Water Damage and Home Insurance

Water damage is a tricky coverage when it comes to home insurance. Some water damage is covered, and some coverages can be added by endorsement, such as sewer back-up coverage; other water damage coverages are excluded. When choosing a home insurance policy be sure and ask about the different types of water damage that are included in your policy and find out which ones you can add coverage for by optional endorsement. Water damage is an increasing risk due to changing weather patterns and aging infrastructures.

Who Is Covered By a Home Owner Policy?

In your insurance policy, there is a definition of the insured. Under this definition you will usually find the description of who is covered under your insurance policy. The policy usually will specify that the named insured and spouse or domestic partner (through common law or marriage) are considered insured under the policy. Along with this, the dependent children of the insured while living at home may also be included.

Who Is Not Covered Under a Home Insurance Policy?

Domestic help, relatives not included in the definition of the insured, temporary house guests and roommates are not included or covered under a home insurance policy because these people do not fit into the definition of the insured.

Insurance If You Rent Your Home

If you rent your home and do not own it, whether it is a house, an apartment or a condo, then you need renters insurance.

If You Rent Out Your Home

Home insurance is intended to insure a home being used as a primary residence. If you rent out your home, then a homeowner policy is not the right policy for you, and you may not be insured if you have a claim that arises while the home is being rented out.

Home Business Activity and Home Insurance

If you use your home for business, you should speak to your insurance company to find out if they can add a rider for home based business. Home insurance is not intended to cover business use, so using your home for business and not mentioning it to the insurance company could render your coverage null and void. Not reporting changes on a home policy or in your personal situation may cause the insurance company to cancel your policy.

(Learn more about reasons an insurance company could cancel your policy here.)

There are many endorsements or plans that might be better suited to you than a standard homeowner policy when you have business activity. Even situations where you are using your home for Airbnb hosting or home sharing could be a problem, but discussing your situation with your home insurance may provide you with solutions that will help you get the right coverage.

Home Insurance for Condo or Co-op Owners

If you own a condo or co-op, then you do not need homeowner insurance; you need condo or co-op insurance because condos and co-ops take into consideration many of the special circumstances that exist when you own only one unit of a building, or shares in a cooperative. For example, one coverage that is specific to a condo owner but would not be included in a homeowner policy is loss assessment, or contingent insurance.

What «Perils» Are Covered By a Home Insurance Policy?

When you buy a home insurance policy you have the option to choose what kind of coverage you want. There are two basic concepts of coverage in a home insurance policy:

  • Open Perils
  • Named Perils

Understanding these two concepts helps show the difference in the level of coverage your different options in insurance policy can offer you since they have significant differences in coverage levels:

  • An Open Perils policy covers you for “all risks” unless they are excluded.
  • A Named Perils or Specified Perils policy covers you for very limited risks. The risks are usually limited to 16 core “disasters” that could happen to you, but then after that, anything else is not covered. Some policies may provide less coverage, such as the HO-1 form.

Be sure and ask if the policy you are buying covers open perils on the insured dwelling structure and on the contents, or only on the insured dwelling. This makes a difference in what you get paid in a claim.

How Does a Home Insurance Policy Pay Out in a Claim?

The basis of claims settlement listed in your policy wording will tell you what you can expect in a claim as far as compensation goes. The two basic forms of compensation in a claim are:

  1. Actual Cash Value: This is the cost of replacement, less the depreciation. This means that you will not get enough money to replace the home or items if the basis of claims settlement is Actual Cash Value. This is the least desirable form of claims settlement.
  2. Replacement Cost: Replacement cost provides you with compensation for replacement of the insured items in the loss. Find out if this applies to your building and contents. This allows you to replace what you have lost after a claim and get back to where you were at before the loss since you will get the money to replace.

It is important to read your policy wording about the basis of claims settlement when you get a home insurance policy to make sure you understand the provisions in the contract, exclusions and limitations.

What Is a Home Insurance “Policy Form,” and What Does That Mean?

When getting quotes for home insurance policies it is important to find out what policy form you are being quoted. A policy form describes the type of coverage in the insurance «package» you are purchasing. The key differences in the policy form would be in the basis of claims settlement, as well as in how many risks are covered. For example, an open perils or all risk policy form like an HO-3 will have far more coverage than an HO-2, but both are home insurance policies. It is the form that makes the difference is what you can expect to be covered for if you need to make a claim.

Examples of Some of the Different Types of Homeowner «Policy Forms»

List of Home Policy Insurance Forms
HO-1: Limited coverage policy
HO-2: Basic policy covering only the listed risks
HO-3: Provides more extensive coverage covering all risks unless excluded
HO-8: Often used for older homes contains an actual cash value basis of claims settlement which means a depreciated value is paid in a claim — this is not enough to replace
HO-4: Renter Insurance Policy
H0-6: Condo Insurance Policy

High-Value Home and Specialty Home Insurance Policies

High-value homes, historic homes, and homes with special features may qualify for high-end home insurance. If you have a home with high value or above-average construction and quality you may want to look into a specialty high-value home insurer. High-value home insurance offers the broadest coverage available, but comes at a premium cost.

The benefits may include full replacement value, with no obligation to replace policies (cash-out options), by-law coverage, greater allowances for additional living expenses and coverage for higher limits of jewelry, fine arts, antiques or items that can not be replaced due to their inherent nature. These kinds of items are not covered easily on a standard home policy due to limits and exclusions.

Do All Homeowners Have to Have a Home Insurance Policy?

No, all homeowners do not have to have a home insurance policy. However, if you have a loan or a mortgage and you do not fully own your home, the mortgage lender may require you to have home insurance because they want to protect the money they have given you as part of the loan. They may require you to provide a binder of insurance before granting your mortgage or loan.

Home Insurance Policy Guidelines: Always Check Your Own Policy Terms and Conditions

It is always best to have a discussion with your insurance representative about how claims work with your insurance policy since conditions vary from insurer to insurer, concepts discussed in this article are the basic guidelines you need to help you ask the important questions about your coverage.

You can compare home insurance or renter insurance costs for each state at the Insurance Information Institute.

Whether you own or rent your home, Kinghorn Insurance of Beaufort has access to a variety of companies and policies.

One of the most important insurance policies a person holds is homeowners or renters insurance. Banks and lending institutions typically require a homeowner’s insurance policy when issuing a mortgage, but at Kinghorn Insurance of Beaufort we believe that it is important to have comprehensive coverage, not just the coverage you need to satisfy loan requirements.

With home insurance, you are protecting one of your most valuable financial assets. When choosing coverage for an investment of this magnitude, it is important to have a professional opinion.

When choosing coverage for home insurance, you may consider the following options:

  • Insurance to cover the structure of your home.
  • Coverage for your possessions, up to a limit set in the insurance policy.
  • Liability protection in case someone is injured on your property.
  • And More!

By providing each and every one of our drivers a personalized auto insurance policy, we hope to ensure that our customers are supplied with all the coverage options they need at a price point that is within their grasp.

Whether you’re a new homeowner or have lived in your house for years, we know how important your home is to you. Homeowner’s insurance doesn’t just protect your house and property, it also protects your belongings, yourself and your guests. You’ve put a lot of hard work into providing a home for yourself and your family. Talk to your local independent agent for personal advice on the best combination of homeowners insurance coverage, value, and price to protect your hard earned investment.

If you have children, it is inevitable.  You will be asked, begged really, to get a trampoline.  You may want to say yes, but somewhere in the back of your mind you recall hearing something about someone’s homeowners insurance being cancelled for owning one.  Before answering your pleading child you should understand how owning a trampoline can impact your homeowners insurance policy.

How is my homeowners insurance impacted by owning a trampoline?

As with most insurance questions, it depends.  It is strongly advised that you speak with your insurance agent to find out if your insurance company allows ownership of one or not.  If trampolines are acceptable to the company you will want to pay attention to any specific requirements the company may have, like a netting or padding.

If you are adamant in getting a trampoline, this may mean you will have to switch insurance companies, which may or may not be an issue.  If you have had a claim in the past or perhaps own an older home that could use some TLC, you could wind up opening Pandora’s Box with the trampoline being the least of your issues.   Maybe your new insurance company is fine with you owning the trampoline, but has a problem with the age of your roof and now you have to replace it sooner than you wanted.  A new company means new underwriting, and most likely a new inspection.  Before changing insurance companies for the sake of a trampoline, I would be sure your home is in good shape and could pass inspection without an issue.

If you have a company that does not allow a trampoline, but you get one anyway; a cancellation or non-renewal notice will most likely be issued if the insurance company finds out.  This can easily happen if the company does a drive-by inspection or the agent is notified.  This would require you to find a new insurance company unless you permanently remove the trampoline from your home.

You may take the position that you simply won’t tell your existing company about your new trampoline; however, this too is not recommended because the insurance company could have a trampoline exclusion on the policy, which means it would not pay for any suit involving the trampoline.

Will my premium increase if I own a trampoline?

Sometimes it is believed that your premium will increase if you own a trampoline, but that is not typically the case.  The insurance company will either allow them or not.  The reason why an insurance company will not specifically charge for a trampoline hazard is because it is very difficult for an insurance company to calculate a potential liability loss and charging the policy holder $20, $50 or even $100 will hardly cover the potential payout, plus legal fees, to even make the charge worthwhile.

What if I don’t tell my homeowners insurance company about my trampoline?

If you are shopping for insurance and decide not to tell your agent or company about an existing trampoline, then you are taking a huge risk.  If it is proven that you did not disclose on the application owning something that is considered a material misrepresentation (like a trampoline) then coverage for any claim can be denied.  This could include a liability claim stemming from a trampoline injury to any claim including a total fire loss.  The reason insurance companies take such a tough stand on this is because even if the claim had nothing to do with the trampoline itself, had the underwriter known about the trampoline in the first place, they would never have written the risk at all and hence not have to cover the loss you are now claiming.

If you already have an existing homeowners policy and you decide to buy a trampoline that is not necessarily a material misrepresentation as you signed your homeowners application based on the facts at that time.  There may be coverage for a liability claim stemming from owning a trampoline; however it is suggested that you double-check with your carrier for the reasons stated above.

Can my homeowners insurance company cancel my policy for owning a trampoline?

Yes — if the carrier does not allow trampolines based on their underwriting guidelines, the company has the legal right to issue a cancellation notice; however you would be notified in advance.

Over the years, we have heard from a few clients that it is none of the insurance company’s business if they own a trampoline or not.  This is not entirely true because if that homeowner were sued for an injury stemming from the trampoline, you could be sure that the homeowner would then want to make the suit the insurance company’s business.

Are injures caused by playing on a trampoline covered by my homeowners insurance policy?

Depends.  If you insurance company allows for trampolines then there would most likely not be a problem with coverage.  If however they do not, there would definitely be some questions as to when you got the trampoline with the possibility of coverage being denied.  If there is a trampoline exclusion specifically on the policy, then there would not be any coverage offered through the policy.

Are their homeowner insurance companies that allow trampolines?

Yes — at HPM Insurance we have one company out of ten that will allow them.  In thinking about this, you would want to consider if you want to limit your options to one company.  What if you could save a significant amount of money elsewhere with an insurance company who does not allow trampolines?  Is the trampoline worth it to you?

What if I am a landlord and my tenant owns a trampoline?

Never allow a tenant to own a trampoline.  You should clarify this in the lease, up-front, so there is no room for misunderstanding.  It is hard enough to control what our own children and family do, let alone a tenant. If someone is injured on the trampoline of your tenant, you will most likely get dragged into the suit as well because you own the property.  Given the high incidents of injury you are exposing your financial wellbeing.

Why don’t insurance companies like trampolines?

The frequency and severity of injury is simply too great.  In 2006, the Consumer Product Safety Review estimated that 109,522 injuries were caused by a trampoline.  Of these injuries, 71,265 were suffered by children from 5 — 14 years old.  104,729 were treated and released in emergency rooms, while 4,793 were either hospitalized or killed.  Though no specific figures could be found and verified to the average trampoline settlement amount, these numbers alone shed light on why insurance companies don’t like the risk.  Even if each claim were settled for $1,000, which is a severely low estimate, that is already more than $1 million.

Homeowners insurance

Homeowners insurance companies are many and specific home insurance coverage is varied. Since virtually everyone who buys a home must also purchase insurance protection for what often represents their largest investment, it’s important to get it right. Here at Tom Needham Insurance Agency we have the experience, the track record and access to the best policies from the best insurers in the industry to help you obtain the coverage you need.

Home Insurance Quotes in NC

If you live in or around Guildford County or North Carolina’s Triad Region and are wondering what’s the best independent insurance agency near me, take a good look at the Tom Needham Insurance Agency in Greensboro. Instead of having to spend hours of your time trying to find just the right home insurance coverage for the best rates available, let us do the legwork for you and provide multiple quotes from a number of top-rated homeowners insurance companies such as MetLife, Travelers, State Auto, Progressive, Safeco, Foremost, American Reliable and many more. Several of these are rated in the top ten best homeowners insurance companies in the country.

Our experienced, independent agents have established great relations with these quality insurers and, over the past decades, have earned the well-deserved reputation of saving our clients hundreds of dollars on their home insurance policies without any compromise in the quality of their coverage.  As independent agents, we aren’t beholden to any particular insurer and have no motivation to push any particular policy your way. Our mission here at Tom Needham Insurance Agency is to provide you with the very best policy for your specific needs and at the best premium rates we can find.

What We Offer

If you’re buying a home or investment property or currently have a home insurance policy that’s coming up for renewal take a complete look at all the options available to best serve you needs and budget. Don’t make the mistake of looking at just one or two homeowners insurance quotes either. In addition, you don’t want to go policy shopping without a clear understanding of how home homeowners policies work and what each individual option means. We’ll help you understand the wide range of information you need to make an informed decision regarding your homeowners coverage and will be here for you whenever you have a question, a concern or find you have additional insurance needs.
The wide variety of homeowner-related coverage we offer includes:

  • Home insurance
  • Condo owners insurance
  • Mobile home insurance
  • Manufactured home insurance
  • Vacant home insurance
  • Dwelling fire insurance
  • Renters insurance
  • Inland marine insurance
  • Excess liability and personal umbrella coverage

Service With a Smile

One of our greatest assets here at Tom Needham is our pure dedication to top-rate customer service. We’re not some “800” number being answered by telephone operators or an Internet website with no brick and mortar offices. When you contact us you’ll speak to a real, live, licensed insurance agent who can answer your questions intelligently and accurately. We’re here to assist you before you get your coverage, during the time you’re weighing your available options for coverage and rates and after your policy is issued, should you need questions answered or in the event you need to make a claim. We’ll also offer you policy reviews at regular intervals to ensure your coverage needs haven’t changed.

Why should I buy homeowners insurance?

You want to feel safe and secure in your own home, without worry or stress that all you have will ever be lost. After all, your home is your prized possession and a valuable asset. Besides the fact that homeowners insurance is almost always required by your mortgage company, what better way to feel safe and secure about your biggest investment than to protect it?

If you’re buying homeowners insurance for the first time or you want to insure your dream house, ASI has your home covered.

What does homeowners insurance cover?

Some of the biggest risks—like storms, fire and theft—can be covered under a homeowners insurance policy. While individual policies are tailored to fit your needs, a comprehensive property and liability policy typically provides coverage for:

  • The replacement value of your home and other attached structures, such as a garage or shed
  • Personal property and belongings
  • Living expenses, such as room and board, laundry, and meals if you have to live elsewhere while your home is being repaired
  • Personal liability coverage and medical payments in the case of injury by guests in your home or on your property

Additional coverage options are also available, such as increased limits on jewelry or personal injury.

Which homeowners policy is right for me?

You’ve found the right home for you. However, now it’s just as important to have a homeowners insurance policy that fits your needs.

  • If you live in a single-family home, a homeowners policy is probably best for you.
  • Live in a condo? You’ll need a unique policy specifically designed for condo owners.
  • Renting instead of buying? Learn about how renter insurance policies can protect you.
  • If you also own a seasonal, secondary or investment property, it’s smart to consider a dwelling fire policy.
Why choose ASI?

When the going gets tough, you need a company you can depend on. With top-rated financial stability and years of experience dealing with catastrophe claims, ASI aims to be the best property insurance company in America. Contact one of our trusted independent agents, located near you and gain access to our great benefits:

  • Progressive Home*
  • Competitive rates and discounts
  • Tailored coverage options to fit your specific needs
  • The best in claims and customer service experience
  • A variety of payment plan options

Homeowners Insurance

At Maury Donnelly & Parr, Inc., we know that your home is your castle. It is the place where you make memories with your family and enjoy relaxing at the end of a long hard workday. But, are you adequately covered for the unexpected—such as a fire, theft, or flood?

Having a homeowner’s policy with an appropriate level of coverage is essential to making sure your family is taken care of should an unfortunate event occur. Prior planning can mean the difference between being able to replace lost possessions and rebuild your home versus having to shoulder the financial burden all on your own. In most cases, your mortgage company might even require that you keep regular insurance coverage on your property.

Factors that often determine how much you will pay for a premium vary. Some of these include:
  • The age of your home

  • The type of construction of your home

  • Your home’s distance from a fire hydrant

  • The zip code in which you reside

  • Your past credit and claims history

In some cases, discounts are available to help lower the overall premium of your homeowner’s insurance policy. These are often factors such as having an alarm system, installing a metal roof, or never filing a property insurance claim. You may also qualify for a special rate incentive if you also have your auto insurance policies with the same carrier.

One of the benefits of working with our firm is that we are able to sit down and determine the right carrier for your unique property coverage situation. Our knowledgeable staff at MDP will help you determine the right level of insurance to suit your needs. We can also assist with purchasing policies for vacation homes, rental homes, and commercial buildings. Additionally, renter’s insurance coverage is available for those who do not own their home or apartment directly.


The home insurance policy is one of the most misunderstood policies that an individual can purchase. Many changes to this type of insurance policy have occurred through the years to expand what is covered and also to clarify what the policy excludes. Our dedicated protection team will guide you through this selection process to make sure you are comfortable with the various provisions and coverages within the homeowners policy.

To be very clear, the ultimate purpose of homeowners insurance is to enable the homeowner to rebuild his or her home and life, even in the event of total destruction.

A good homeowners insurance policy will cover:

  • Your residence
  • Any detached structures, like garages or garden sheds
  • Your personal belongings
  • Additional living expenses in the event of a loss
  • Personal liability
  • Medical expenses to others who may be injured on your property

Our office will provide you with the most comprehensive policy available on the market today which will help to put your life back in order in the event of a catastrophic loss.

Not all home insurance policies are alike. To be sure, there are many insurance companies in the market today that will quote an inexpensive policy but most of them are only giving you the «bare bones» coverage. When quoting your home insurance premium, we will use a full replacement cost valuation to be sure that you can replace your home in the event of a total loss.

We will also make sure you are clear about any areas of the policy that have limitations and exclusions. Items such as earthquakes, landslides and floods are excluded from the policy but may be purchased separately.

Other items such as jewelry, coins and collectible items have limitations in the policy but can be added by providing appraisals and paying a small additional premium.

Discounts are available for newer homes, central station alarm systems and higher deductibles.

As you can see, our protection team understands the way home insurance works. Let us identify the kind of policy and coverage you need while working hard to provide you with the best value.


No matter how long you’ve owned your home, we know that you care about protecting one of your largest assets. At TDECU Insurance Agency, we are here to help homeowners find the most coverage at the best value for their needs, no matter what those needs are! Whether you’re just getting the insurance process on your new home started or you’re looking for new solutions for your beloved property, our agents are here for you. Since 2008, we’ve been improving the lives of our Members – we’re here to help protect what’s most important to you and your family.


TDECU Insurance Agency is committed to going above and beyond in providing value for our clients throughout Texas. We are committed to meeting your property insurance needs in more ways than one. Whether you’re looking for a homeowner’s insurance policy, condo, renters coverage solutions, or anything in between, our agents can help. We also offer some of the following insurance products, services and features for your unique property needs:

  • Liability in the event of injury or damage
  • Windstorm coverage
  • Flood insurance coverage
  • Protection for personal articles, jewelry, and other valuable items
  • Umbrella insurance and excess liability coverage
  • Policies that cover both primary and secondary residences
  • Strong relationships within our credit union, including connections for the real estate agents and mortgage options and title coverage
  • And more!

At TDECU Insurance Agency, we recognize your needs are not “cookie-cutter,” and we seek to go the extra mile to provide insurance solutions of the utmost value to you and your property.


As a well-established independent agency, TDECU Insurance Agency has the competitive advantage of being able to shop providers to find the best rates, and detailed coverage that fits your unique needs. When you buy a home, you require protection that you can feel good about. Fortunately, our knowledgeable agents are ready to meet your needs. We are dedicated to serving you.

Trusted Homeowners Insurance in Massapequa Park

Got $10,000 to spare? On average that’s the amount you may have to find if you suffer property damage or theft and don’t have homeowners insurance in Massapequa Park. Worse still, fire damage will set you back an average $30,000.

Yet, for just a small fraction of that amount you could be protected against these costs by PRK Insurance.

In Massapequa Park and surrounding New York communities, PRK Insurance is the name thousands already trust for their home insurance.

They know they can count on us not only for competitive, low-cost homeowners insurance rates but also the fast and friendly service and support that only a local insurer right here in Massapequa Park can provide.

Your Home is Unique — Your Protection Should Be, Too

We can customize your policy so you get precisely the protection you need for:

  • The structure of your property in Massapequa Park.
  • The contents, including your valuables.
  • Your liability to others for damage caused by something on your property.
  • Theft of your personal property while traveling.
  • And much more!

PRK Insurance can also secure valuable discounts on home insurance rates, for example if we protect you against other insurance risks.

Interested? We can tell you quickly and at absolutely no cost or commitment, how little your homeowners insurance would cost you.

PRK Insurance: Your Protection Partner

All you need do is complete the Free Quotation Request form on this page and we’ll get working on finding the best home insurance protection for you.

So, if you don’t already have homeowners insurance or you’re existing coverage is due for renewal, contact us now for a quick response.

Find out why in Massapequa Park and other New York areas, PRK Insurance is the best name for home insurance.

Simply fill out the form now. It’ll just take seconds and could save you a fortune.