If you have tangible assets, you need the protection of a homeowners insurance policy. These policies cover you in a home or an apartment, whether you are an owner or a renter. A well-written homeowners policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured at your home.
The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way - unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.
If you live in Virginia, Maryland, or Washington D.C., let Oberryman help you determine the best coverage for your whole range of insurance needs. Whether you need to protect your most important asset, your home, or you’re shopping for a good, affordable auto policy, contact us for a quote.
When possible, it’s best to take a comprehensive approach to insurance planning. Let us help you develop a personal insurance plan that will protect your family’s assets and your ability to earn a living when you need that protection the most.