Tennessee homeowners insurance protects your family’s biggest asset.

The largest and most important investment most people will ever make is their home. In fact, many might say that their home is “priceless” in terms of the value it brings to them. Unfortunately, homes can be damaged by unforeseen events, and accidents that cause injury to others can happen on your property.

You need comprehensive, affordable homeowners insurance to protect your family.

Homeowners insurance covers your home and your possessions.

We will get to know you and learn all we can about your home and personal property in order to suggest appropriate coverage. Your homeowners insurance policy should adequately cover both your physical dwelling and its contents, as well as provide liability coverage in case you are sued. With the right coverage, you can be confident that your assets will be protected in the event of a fire, theft or other “covered peril,” or cause of loss.

Most basic homeowners insurance packages will cover:

  • Your dwelling
  • Other buildings and structures
  • Additional living expenses/temporary housing
  • Personal property
  • Personal liability
  • Medical payments

Many people have valuable possessions that exceed the coverage limits of a basic homeowners insurance policy. Do you have valuable jewelry, electronics, art or antiques? If so, you will likely need additional personal property endorsements or riders to properly cover those items in the event of a covered loss.

Understand your coverage.

Understanding how deductibles work and choosing the right amount is very important. Your deductible is the amount of money that you must pay out of your own pocket before your insurance coverage kicks in. Choosing a higher deductible can help you lower your homeowners insurance premium, but remember, you must be confident that you will be able to satisfy your deductible should you have a loss.

You should also understand the types of events that are insured and which events are not. Getting the surprising news that you are not covered for a particular loss can be devastating. The knowledgeable agents at Strate Insurance Group will walk you through your policy and make sure you understand the types of coverage that your homeowners insurance policy provides.

Remember that homeowners insurance coverage comes in two forms that determine how you will be reimbursed after a loss: actual cash value coverage and replacement cost coverage.

Actual cash value policies will reimburse you for an insured loss based upon the value of the property at the time it was purchased, less depreciation.

Replacement cost coverage provides reimbursement for the value of your property at today’s cost, without depreciation, so you can replace it with a comparable new item. Replacement cost coverage is highly recommended if you want to be sufficiently reimbursed for a lost dwelling or personal property.

Renters and condominium owners need coverage too.

Renters insurance and condominium owners insurance are equally important for those who live in these types of homes.

We have access to homeowners, renters and condo owners insurance from numerous highly-rated insurance companies. Contact the Family Insurance agents at Strate Insurance Group today, at (423) 318-5800 for more information and competitive quotes.