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Understanding Your Insurance Quote-TEST

Deluxe versus Standard Coverages

What’s the difference?

Coverages

Deluxe Insurance Package

Standard Insurance Package

Dwelling
Coverage to rebuild the structure of your home.

Included

Included

Other Structures

Coverage for structures such as fences, sheds, and garages.

Included

Included

Personal Property

Coverage to repair or replace your belongings. This includes your electronics, furniture, clothing, jewelry, and much more.

Included

Included

Personal Liability

Coverage in case you are held responsible for bodily injury or property damage. This includes payments for medical bills, legal representation, and other legal fees.

Included

Included

Water Backup
Coverage for damages that stem from water backup due to a clogged drain, sewer, or a faulty sump pump.

Included

Not Included

Home Systems Protection
Coverage for appliances, equipment, and home systems from sudden electrical and mechanical breakdown.

Included

Not Included

Extended Dwelling Coverage

Extends your dwelling coverage by 50%, in case the cost to rebuild your home is higher than your dwelling limit.

Included

Not Included

Need more info?

Click on our video to learn more about how our standard and deluxe options differ!

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A Note On Home Insurance Inspections

Many homebuyers complete a home inspection before buying a home to see if there are any issues they may encounter while living in it. As it turns out, your home insurance carrier may schedule a similar inspection after the policy is issued. A representative may call to schedule an interior and/or exterior inspection.

If there are any safety concerns, home improvement needs, extensive renovations, or issues with vacancy over 30 days, Lapointe Insurance will guide you through the process so you can successfully meet the safety criteria of your insurance carrier.

What is a deductible, and what one should I carry?

In the event of an insurance claim, the deductible is the amount that a policyholder must pay before the insurance company begins to pay. We typically recommend that our clients carry a $1,000 deductible on their insurance, depending on their current situation and ability to pay that amount in an at-fault accident. Avoiding claims protects your driving record, so you really only want to file a claim when there is significant damage.  A higher deductible will lower annual premiums, saving you money in the long run. As always, it is best to check with your agent to see what the right policy is for your particular situation.

How can I make my insurance less expensive?

The three most effective ways to keep insurance affordable while maintaining the right coverage are to:

  1. Increase your deductibles.
  2. Make sure you are taking advantage of safety discounts.
  3. Don’t file claims often.

As always, chat with your independent agent to see if you have the best policy for your needs.

I’m considering buying soon, what should I do first?

Contact us! We are happy to introduce you to the right person for the job! We work with an amazing team of professionals in the area. Whether you are in need of a realtor, mortgage lender, closing attorney, an accountant, financial adviser, or car dealer, we will connect you with the right person for your needs.

My teenager just started driving, how can I make the car insurance affordable?

It usually makes sense to add your teen as a driver to your existing policy, but only after they get a permanent license. If you’re driving an expensive car, it might make more financial sense to buy your teen a safe, older vehicle and get them a policy of them own.

Will my insurance cover someone borrowing my car?

As long as the driver has your permission to borrow the car then yes they will be covered.  If they’re involved in a minor accident, your liability and collision coverage will kick in.

When should I file a claim? And who should I call in the event of a claim?

When an accident happens and you suffer an injury or property damage, a claim must be filed.

If you experience a small fender bender or anything that would qualify as a small claim, you should still chat with your agent. They will discuss with you about deductibles, insurance surcharges, and the possible effect on your driving record.

What is the difference between home insurance and a home warranty?

Home insurance is designed to protect you from the unexpected. It will cover you for most cases of accidental and sudden damages in your home.

However, some things in our homes are just not built to last. Whether its an old furnace or HVAC unit, many appliances in our homes have shelf lives. For these cases, home insurance may not be helpful.

A home warranty is a protection plan designed to protect you from these expected maintenance problems and normal wear and tear. Together, home systems protection and a home warranty can protect you from both expected and unexpected damages that may occur.