How Home Insurance Protects Your Finances

When you have made the investment into a home of your own, that investment needs to be protected with a good home insurance policy. You need to have all of the coverage you need to protect yourself and your finances if a serious event should occur there. When you need a home insurance policy, call us at Johnsen Insurance in Baraboo, WI.

Protecting Your Home

When a damaging event happens to your house, it can cause an extreme amount of damage that is highly expensive to repair. If you don’t have home insurance when it happens, you could owe tens of thousands in repair costs or even more. When you have home insurance, it covers a wide range of events that can damage your home. When one of them happens, the policy will pay for the repairs that the home needs to get it back into good condition. 

Coverage for What You Own

Like your home, what you own inside your house is also valuable. And, they can be damaged or destroyed by a covered event. When this happens, you need home insurance to pay for your items to be replaced. Without this coverage, you would have to pay for replacing all of your items by yourself, and this would be a serious economic hardship. 

Liability Protection

Another part of your home insurance policy is coverage for your liability. This coverage protects you financially in case someone were to come into your house and become injured in an accident there. If that were to happen, you would likely be judged liable for the person’s medical bills. With home insurance, those bills are paid by the policy. 

Protect Yourself With Home Insurance

When you own a home and don’t have a home insurance policy, don’t wait to get one. Call us now at Johnsen Insurance in Baraboo, WI to get started. 

Do I need homeowners’ insurance for my tiny home?

Although insurance coverage for a tiny home isn’t required by law, you’ll need it if you finance your tiny home. It’s likely that your lender will require you to carry insurance if the house hasn’t been paid for in full. This is the lenders’ way of protecting their investment before your tiny home is paid for in full. However, the type of insurance you’re required to carry will vary according to the type of tiny home you have. Conversely, if you didn’t finance your tiny home, you aren’t required to insure it, unless it’s a requirement in the community or neighborhood you live in. 

What kind of insurance do you need for a tiny home?

Typically, you’ll be required to carry either RV insurance or mobile home insurance. Both policies will operate similarly to a homeowners policy. Both policies will provide protection for your tiny home’s exterior and interior as well as your personal possessions. Although tiny homes don’t appreciate in value, insurance provides protection that helps sustain and repair your home if needed. 

RV Insurance for a Tiny Home

As mentioned earlier, the type of coverage you’re required to carry for your tiny home will depend on how it’s built. Logically speaking, if your tiny home is built on wheels, you’ll be required to carry RV insurance. A tiny home on wheels is similar to an RV in that it operates as a home on wheels like an RV. 

Mobile Home Insurance for a Tiny Home

If your tiny home is stationary or built on a permanent foundation, you will need mobile home insurance. Because your tiny home isn’t built according to conventional home standards, it would be considered similar to a mobile home. If you have questions about the best insurance for your tiny home, give our team at Johnsen Insurance a call. Our Baraboo, WI team would be happy to answer your questions.

How to Insure Your Second Home

For some in Baraboo, WI, owning a vacation home is a financial goal and a dream come true. However, as with any investment, you put a lot of money and time into making your second home feel like home. Having the proper homeowners insurance to protect your second home can ensure your vacation property is protected against damages caused by fire, wind, and home burglary. In some cases, you may need a separate insurance policy to cover your second home. For more information about insurance for a second home, call the experts at Johnsen Insurance today. 

What Is Vacation Home Insurance? 

For those with a second home, vacation home insurance provides coverage for the home they do not live in full time. Second homes are sometimes viewed as a higher risk because they are not occupied all the time, which puts them at a greater risk of theft, home invasion, and vandalism. Additionally, by not being at the second property all the time, it could take longer to identify water damage, increasing the number of damages. 

What Does Vacation Insurance Cover? 

Vacation insurance policies are similar to, but not identical to, homeowners insurance policies. However, a vacation insurance policy is written more around the perils the property may experience. For example, the policy for the second home may be written around the possibility of fire, smoke, lightning, explosions, and theft occurring. Liability coverage may also be included should anyone get injured while on your property, even if you are not there. 

When owning a second home in Baraboo, WI, you want to ensure you have the proper insurance coverage to protect you and your investment. Call the agents at Johnsen Insurance today to discuss the different insurance options for your second home. 

What are the benefits of having home insurance in Wisconsin?

In the Baraboo, WI area, there is no better long-term investment than to purchase a home. Those that buy real estate here will enjoy a lot of long-term benefits along the way. To ensure that your home and investment are protected, you should get a home insurance plan for your property. 

Insurance Will Protect Valued Asset

A key reason you should get home insurance for your Wisconsin property is to protect your valuable asset. A property in Wisconsin will take a major investment that you will want to protect as well as you can. If you invest in a home insurance plan, it will give you the coverage needed to repair or replace the property if there is a lot of damage.

Insurance Offers Protection Against Liability Risk

You will also want to get a home insurance plan because it can protect against liability risk. Anyone that is going to own property will have some personal liability risk that they take on. If there is ever an accident that you are responsible for, the damages could be significant. Fortunately, this risk can be mitigated if you do get home insurance that includes liability protection.

There are many reasons why home insurance is a good investment for any property owner in the Baraboo, WI area. Since picking a policy is such a big decision, it would be a good idea for you to contact the team with Johnsen Insurance to discuss your insurance needs. The team with Johnsen Insurance can offer you the support that is needed to assess your risks. They can then help you build a policy that will offer the right coverage to protect you and your home. 

Tips for Buying Home Insurance in North Carolina

Owning a property is one of the ultimate dreams that everyone desires to achieve in their lifetime. Home insurance is an outstanding coverage that one needs after acquiring a new home because it guarantees protection against some unanticipated eventualities. Our agents at Johnsen Insurance in Baraboo, NC will ensure that the excitement of owning a house will be affirmed by helping you acquire a salient home insurance policy that will suit your needs and budget.

What should I look for before buying home insurance?

  • Look for multiple policy discounts: Buying several policies from one company is cheaper than buying from different insurance companies. Some insurance companies may be able to offer you multi-policy discounts or loyalty programs if you buy two or more policies from them.
  • Understand what’s covered: Ater acquiring home insurance policy, you must understand its details. This ranges from understanding the deductibles, liability coverage as well as property coverage clauses hence culminating into a desirable coverage. Some coverages leave out vagaries of nature like earthquakes, tsunamis, flooding as well as damage from hurricanes. 
  • Know your home’s value: This will prevent you from insuring a home for less than its worth and also protecting it for more than its worth. It minimizes paying higher premiums for an overvalued house.
  • Maintaining a good credit history: Observing reputable credit history lowers your insurance cost. Insurance companies are using insured credit information as a basis of pricing home insurance policies.
  • Raise your deductible: The higher the deductibles, the more money you save on your premiums.
  • Contact at least three companies to compare coverage: Conduct thorough research from different reputable insurance companies to shop for the most spectacular policy. Be sure you get the right type and amount of coverage by shopping for value, not necessarily bottom priced policy.

Congratulations on becoming a first-time homeowner! For more information, quotes, and queries about home insurance, call or visit our Johnsen Insurance website in Baraboo, NC.