Best Home Insurance Companies Lake Oswego

If you own a home in Lake Oswego, OR, and are looking to work with the best insurance companies in the area, look no further than Schmidt Insurance Group to protect your home and personal belongings. We are specially trained in high-net-worth households and can help you find the exact amount of coverage you need.

What Protections Does Home Insurance Provide?

Dwelling Coverage

Your home insurance policy, also called a homeowners insurance policy, pays to repair, rebuild, or replace your home and detached structures on your property, such as a garage, gazebo, or tool shed, in the event of a destructive event, such as fire, wind, hail, theft, vandalism, water damage from burst pipes, and other perils that are listed in your policy.

A standard policy will not cover damage from flood, earthquake, or routine wear and tear. However, you can add specific coverages for an additional cost.

Personal Property Coverage

Personal property insurance covers the furniture, clothes, sports equipment, appliances, computers, and other personal belongings you keep both on and off the premises if they are stolen or destroyed by fire, hurricane, or other insured disasters.

Expensive items like jewelry, art, antiques, and collectibles are covered, but there will typically be dollar limits. To insure these items to their full value, you will need to purchase a special personal property endorsement

You will want enough insurance to cover the value of all of your personal property. The best way to determine this is to conduct a home inventory.

Liability Coverage

Homeowners can be found liable for injuries that occur in their homes, on their property, or when they’re away from home. It will also help cover your liability for any injuries or property damage to others that are caused by you or members of your family (including your household pets).

Liability limits typically come in set amounts such as $100,000, $300,000 and $1,000,000.  If you have significant assets and need more coverage than your home insurance policy can provide, consider buying an umbrella policy which provides broader coverage and higher liability limits.

Additional Living Expenses (ALE)

This coverage pays to reimburse you if you are unable to live in your home because of damage caused by an insured disaster. It covers hotel bills, restaurant meals, and other costs over and above your usual living expenses that you incur while your home is being rebuilt.

Home insurance is designed to protect your home and personal property in Lake Oswego, OR, and enable you to rebuild your home from the ground up if the unthinkable happens. As one of the best insurance companies in the region, Schmidt Insurance Group can also help prepare you for a plethora of other unexpected things! Contact us today at (503) 206-0881 for a free quote, and see how we can help.