Frequently Asked Questions About A Home Insurance Policy In Waukesha Wisconsin

by | May 15, 2017 | Insurance

Individuals who own their own home must make sure they have enough home insurance coverage in case they need to make a claim. Individuals can speak with a qualified insurance agent to make sure their policy is up to date. Read the frequently asked questions below to learn additional information about purchasing a Home Insurance Policy in Waukesha Wisconsin.

Is it a legal requirement for homeowners to have home insurance coverage?

Individuals who own their own home aren’t required by law to have a home insurance policy. Individuals who don’t own their home outright and who are making payments are usually required by their lending agency to have home insurance coverage. This protects the lender’s interests and also safeguards the homeowner if the house is damaged or destroyed.

What is a deductible and how does it affect my home insurance premium?

A deductible is the amount of money that an individual pays up front when they submit an insurance claim to their insurance company. After the deductible amount is paid by the homeowner, the insurance company will pay the remainder of the total price to repair the home. Individuals who choose to have a higher deductible amount will have a lower home insurance premium to pay. A smaller deductible means that the cost of the home insurance will be higher. Insurance companies allow homeowners to set a flat deductible cost or the deductible amount can be a specified percentage of the total cost of the home.

Are there any reasons why homeowners should increase the value of their home insurance policy?

Homeowners who make improvements to their home, such as remodeling or adding an extra room, should definitely contact their insurance agent to increase their Home Insurance Policy in Waukesha Wisconsin. If damages should occur to the home, the old policy amount may not cover the cost of the improvements that were made to the home. Individuals who purchase new furniture or home electronics should also contact their agent to increase the coverage on the contents inside their home.

P & C Insurance Services Inc. provides multiple types of insurance for residents in and around the Waukesha area including home, auto, life and business. Visit their website at to contact the company or fill in the online form to receive a quote.

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