PRODUCT
Home Insurance
A good home insurance policy is essential for protecting your home and belongings in the event of a disaster. It allows you to have peace of mind, knowing that if something happened – your policy would replace your home at its current value.
It can be hard to understand the full options out there, and of course these options are in constant flux. At Parr, we specialize in finding you the best home insurance coverage possible. One, we’re homeowners–we understand the grind. Two, we have decades of experience so we know the process, loopholes and ways to get the best for you. It’s the simple questions like, Is my home underinsured? Does my policy cover theft? Am I safe from a lawsuit?
If you have questions, you’re not alone. Talk to a Parr agent today. We’ll answer your questions and guide you to the right choice.
See below for a full Q&A on Homeowners Insurance, but first, here’s an example of how we handled one recent case.
With tornadoes taking out a wide swath of central Crawford County just north of Crestline last October, it pretty much goes without saying that the team at Parr Insurance had their hands full with claims, anxious customers, and claims adjusters.
Here is a letter we received from a client following those tough days, used here with permission:
Eric Parr,
Just wanted to take a moment to thank you and Sheila for your help in getting our water damage claim settled. I had no intent to call you in the beginning knowing that this would all be handled by the insurance company’s claims department.
However, it became evident very quickly that the adjuster had no intention of settling this claim. I made the call to you and asked for help and in three or four days the adjuster’s supervisor called me and we were able to complete settlement on the phone.
I am certain, that without your help, our claim would not have been settled in the timely manner that it did get done. Thanks again to you and to Shiela for your help. I appreciate your stopping by recently to discuss the situation and make sure we are satisfied with the outcome.
Thank You!
Dick and Deb Algire
Frequently Asked Questions About Homeowner’s Insurance
Why did my HO Premium go up?
Sadly, it is quite possible for your home insurance premium to increase even if you haven’t had any claims. In short, premiums are determined by “pooling” a large number of people with similar factors or characteristics. Once these pools are created, a rate is assigned to the group.
If someone moves in with me, are their belongings covered under my HO Policy?
Generally they are not covered, but this is something you should talk over with your agent to make sure. Different carriers may have different coverages.
Why is my house covered for so much? I could never get that much if I sold it.
This is because they are determining what the cost would be to REPLACE your home at current values.
If my tree falls on my neighbors’ property, does my homeowners insurance cover their damage/cleanup?
It could. This happens often and it’s best to call us as coverage varies from situation to situation.
Will my jewelry be covered under my HO Insurance?
You will need a jewelry endorsement on your Policy.
What is an endorsement?
It is an Addition or Exclusion
What is personal Property insurance on my Policy?
In short, your “stuff”. Clothes, Appliances, Etc.
How much Homeowners Insurance should I have?
This is a tough question and one that you need to sit down with your Agent and talk about. There are so many factors that are considered to determine what is adequate.
What is an Umbrella Policy?
An Umbrella Policy can be added to Not only a Homeowners Policy but also to many other Policy’s such as Auto, Rental, Etc. An Umbrella Policy provides an extra layer of liability coverage to underlying insurance policies.
What is Renter’s Insurance?
Renter’s Insurance is for someone who is RENTING the property they are living in. Renter’s Insurance covers personal property and personal liability along with other important coverages. It is like a Homeowners Policy except coverage on the actual dwelling (structure) has been removed.
PRODUCT
Renter’s Insurance
Just because you don’t own a home, doesn’t mean you shouldn’t have protection for your personal property. Some landlords even require that tenants have a renter’s insurance policy. Either way, your landlord’s policy will only cover the building in the event of damages or injury.
Get personal property protection and liability protection with an affordable renter’s insurance policy today. Many renter’s policies cost as little as $15-20 per month in the state of Ohio. Talk to a Parr agent and we’ll help you determine how much coverage you need.
See below for a full Q&A on Renter’s Insurance, but first, here’s an example of how we handled one recent case.
With tornadoes taking out a wide swath of central Crawford County just north of Crestline last October, it pretty much goes without saying that the team at Parr Insurance had their hands full with claims, anxious customers, and claims adjusters.
Here is a letter we received from a client following those tough days, used here with permission:
Eric Parr,
Just wanted to take a moment to thank you and Sheila for your help in getting our water damage claim settled. I had no intent to call you in the beginning knowing that this would all be handled by the insurance company’s claims department.
However, it became evident very quickly that the adjuster had no intention of settling this claim. I made the call to you and asked for help and in three or four days the adjuster’s supervisor called me and we were able to complete settlement on the phone.
I am certain, that without your help, our claim would not have been settled in the timely manner that it did get done. Thanks again to you and to Shiela for your help. I appreciate your stopping by recently to discuss the situation and make sure we are satisfied with the outcome.
Thank You!
Dick and Deb Algire
Frequently Asked Questions About Renter’s Insurance
What does Renters Insurance Cover?
Personal Property – this will protect your belongings in case of a covered loss
Liability Protection – this will help protect you in the event someone is injured in your home and then files a lawsuit.
Is there a waiting period when I purchase Renters Insurance?
No, coverage will begin as soon as you pay the initial payment on the Policy
If I have a loss will my hotel stay and incurred expenses be covered?
Yes, there is a loss of use endorsement that will cover those expenses. The policy deductible may apply to loos of use claims.
Is Renter’s Insurance Affordable?
Yes, because you are only insuring your personal property
Am I required to have Renter’s Insurance?
Some Landlords require renter’s insurance, which is to protect you and your personal property. We suggest all renters have the insurance to insure you and your personal property is protected.
Will Renter’s Insurance cover flood damage?
No
I don’t really own that much do I really need Renter’s insurance?
Yes, most people have more personal property than they realize. If you take into consideration all of you and your family’s furniture, bedding, linens, clothing, possible appliances, cookware, decorations, etc., it definitely adds. If you had to go out and replace it, it would be extremely costly.
My Landlord Has Insurance why do I need it?
Because the Landlord’s insurance covers the dwelling itself and any personal property inside that belongs to the Landlord. If you are a Renter, you’re on your own.
How much do I need coverage for?
As much as you’d like. Most carriers sell personal property coverage in blocks of $5000 or $10,000. Some carriers have a minimum requirement of $10,000 on a Renter’s policy.
PRODUCT
Condo Insurance
If you own a condominium, you need to protect your investment from the unexpected. Condo insurance takes into account many bad factors that can impact you: damages, stolen goods or personal injuries that occur in your residence.
A quick consultation with a Parr team member can help you decide what package is right for you. Going through key questions, such as additional structures like garages, frequent visitors, what discounts do you qualify for, what are you valuables worth, etc.
You don’t have to figure out all the details by yourself, Parr is here to help guide you toward the right choice.