Best Home Insurance Companies Oregon
If you own a home in Oregon you need insurance from Schmidt Insurance Group, one of the best home insurance companies in Oregon. We can help you protect your home and personal belongings. We know our Schmidt and make it easy to find the coverage you need!
The right insurance quotes should provide coverage for your home and contents, as well as liability coverage if a guest is hurt or injured. Schmidt Insurance Group will customize a policy just for you.
We opened our doors in Lake Oswego in 2019 with a goal of making insurance easy while providing exceptional customer service. We are proud to serve the local Portland area as well as all of Oregon and Washington.
Common Mistakes Made While Buying Home Insurance
While it may seem straightforward initially, there is a lot of information to look at in your home insurance policy. Many of these intricacies get overlooked and homeowners end up with the wrong kind of policy or one without enough coverage. So, our experts wanted to provide you with a list of the common mistakes made while buying home insurance and how to avoid them:
- Coverage Though this may seem shocking, underinsuring homes is a very common mistake. While it might be saving you money on your monthly premiums it could also mean that you’ll be footing the bill for expensive repairs. Our advice is to purchase at least 80% of the total replacement cost of your home.
- Deductibles The deductible you set is how much you are expected to pay out of pocket when something happens and you have to file a claim. If you set it too high you might not have that money around when you need it. It is really important to consider your budget and the cost of the home before you set your deductibles.
- Coverage Exclusions. Just like flood and earthquake damage, most policies don’t include coverage for mold or sewer incidents. Mold is considered negligence on behalf of the owner. There are insurance companies that will offer you the option to add additional insurance in these areas so be sure to discuss these with your agent before making a purchase.
- Pets Don’t be fooled, pets are not immediately guaranteed coverage on your policy. In fact, some pets are specifically restricted coverage. There are certain exotic animals that are also restricted. Be sure to ask if you are worried that your pet might not be covered.
- Changes. People frequently forget to update their insurance provider with changes that happen in their lives. When you update your home, get a dog, or someone moves in or out, you should let your provider know. These things can change the amounts you need for coverage and may even save you on premiums.
- Claim time. Your policy will provide you with a specific amount of time in which you must file a claim. Unfortunately, many people wait to file a claim longer than they should and thereby miss the cutoff date to do so. This could result in a denial on the claim.
Home insurance protects your home and the personal property you keep inside it. It will make it possible for you to rebuild your home from the ground up if disaster happens. Schmidt Insurance Group, one of the best home insurance companies in Oregon, can customize a policy just for you. Get in touch with us today at (503) 506-4554 for a free quote and find out how we can help.
