Best Home Insurance Lake Oswego
When you are searching for the best home insurance in Lake Oswego, Schmidt Insurance Group is the right place for you! We know our Schmidt and make it easy to find the coverage you need!
Schmidt Insurance Group opened its doors in Lake Oswego in 2019 to simplify the process of buying insurance while providing outstanding customer service. We proudly serve the local Portland area as well as all of Oregon and Washington.
Our team consists of born-and-raised Oregonians who are specially trained in high-net-worth households and can help you find the exact amount of coverage you require.
Understanding Home Insurance
Some people refer to their homes as their castles. Whether you see yours that way or not, you at least understand that it is more than just a roof over your head. In fact, it could be the most valuable asset you have! And, if you are like most people, you probably can’t afford to replace it should disaster strike. This is what makes great home insurance so imperative.
To help you better understand homeowner’s insurance, our experts would like to answer some questions for you:
What is home insurance?
It’s the source of financial relief if a covered event occurs and causes damage to your personal belongings, property, or residence. And, should you be held responsible for an accident on your property, it can help pay for that too. Basically, home insurance has three main functions:
- Repair/replace structures, yard, or home
- Repair/replace personal belongings
- Provide personal liability coverage
While it isn’t required by law, unless your home is mortgaged, it is always a wise investment because it provides protection to you and your family and all you own.
What will it cover?
Typical, or standard home insurance, generally provides coverage for six different areas:
- Dwelling- This will cover your actual home and those structures that are attached to it, like porches.
- Structures- Coverage provided here is for stand-alone structures not connected to your home, like sheds and fences.
- Personal belongings- When you file a claim for stolen or damaged personal property this will pay to repair or replace it.
- Living expenses- Should your home need to be repaired, this coverage offers you money for temporary living expenses if you can’t stay in your home during the process.
- Liability- If someone gets hurt, or you cause unintentional property damage, this will provide necessary funds to take care of that.
- Medical payments- Anyone injured on your property, no matter who is at fault, will have treatment covered.
What’s not covered?
While homeowner’s insurance does provide you with a lot of coverage, there are areas in which even the broadest policy won’t touch. Damage from the following situations is not covered by basic homeowners insurance. Instead, you need to add separate coverage for these things if they are available:
- Power failure
- Any government action, including war
- Nuclear hazard
- Neglect, or wear and tear
- Infestations of any kind including bugs, mold, and other vermin
- Sinkholes, landslides, and earthquakes
- Flooding of any kind, to include sewer backups and drain issues
When you own a home in Lake Oswego, OR, get the best home insurance quotes from Schmidt Insurance Group to protect your home and personal belongings. We know our Schmidt and make it easy to find the coverage you need! Contact us today at (503) 506-4554 for a free quote and see how we can help.
