Best Homeowners Insurance in Oregon
Your home in Lake Oswego, OR is your castle and is probably your most valuable asset. 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 and provide you with the best homeowner’s insurance in Oregon.
Schmidt Insurance Group opened its doors in Lake Oswego in 2019 with a goal of making insurance easy while providing exceptional 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 need.
Types of Homeowner’s Insurance Coverage
Home insurance, also called homeowner’s insurance, provides you with financial protection in the event of a disaster or accident that involves your home.
Dwelling Coverage: This 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 fire, wind, hail, theft, vandalism, water damage from burst pipes, and other destructive events that are listed in your policy.
Personal Property Coverage: This 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. Jewelry, art, antiques, and collectibles are covered, but there will typically be dollar limits.
Liability Coverage: You can be found liable for injuries that occur in your home, on your property, or when you’re away from home. This coverage will help cover your liability for any injuries or damage caused by you or members of your family (including your household pets).
Additional Living Expenses (ALE): This coverage pays to reimburse you if you can’t live in your home because of damage caused by an insured disaster. It covers hotel expenses, restaurant meals, and other costs over and above your usual living expenses that you incur while your home is being rebuilt.
Special Coverage is Suggested
Most standard homeowners’ insurance policies cover a wide variety of catastrophes, such as fire, lighting, windstorms, hail, explosions, civil commotion, vandalism, malicious mischief, and theft, subject to policy limits and deductibles.
For the most part, however, flood, earthquake, and volcano damage are not covered by standard home insurance policies. If you live in an area where floods are frequent, you can purchase a special flood protection policy. If you live in an area known for seismic activity, like Oregon or Washington, you also have the option of purchasing supplemental earthquake insurance. If you live near active volcanoes, such as parts of Washington, you can purchase additional coverage for volcanic disasters.
The best homeowners insurance protects your home in Oregon 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 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.
