Cheap Home Insurance in Lake Oswego

In your search for cheap home insurance in Lake Oswego, you have landed at Schmidt Insurance Group. At Schmidt Insurance Group we take the time to understand your unique insurance requirements. We are licensed professionals who can assist you with intelligent decisions about the coverage required to protect your family, your property, and/or your business.

We opened our doors in 2019 with the intention of making insurance easy while providing exceptional customer service. We proudly serve the Portland area as well as all of Oregon and Washington. Plus, our office is full of born and raised Oregonians.

Types of Homeowner’s Insurance Coverages

Your home insurance policy, also called homeowner’s insurance, provides you with financial protection in the event of a disaster or accident that involves your home. These are the areas of coverage you can look for when preparing to purchase homeowner’s insurance:

• 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.
• 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 protect you 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.

Some Exclusions on Home Insurance Coverages

Most standard homeowners’ insurance policies include coverage for a wide range of catastrophes, including fire, lighting, windstorms, hail, explosions, civil commotion, vandalism, malicious mischief, and theft, subject to policy limits and deductibles.

Typically, however, flood, earthquake, and volcano damage are not covered by standard home insurance policies. If you live in an area where these events are frequent, you can buy a special protection policy like one of these:

Luxury Items. High-priced jewelry and extravagant art collections may not be covered under your basic home insurance, but they can easily be covered with a separate policy.

Floods & Water Damage. If your basement floods and your possessions are destroyed, the typical home insurance policy will not cover the damage. For protection against floods, you’ll need flood insurance. Also, water coming into your home from backed-up sewers is typically excluded, but you can also purchase optional coverage to protect yourself from this.

Earthquakes & Volcanoes. Earthquakes and earth movement are not covered by home insurance. However, you can purchase supplemental earthquake insurance through an add-on. If you live near active volcanoes, such as in parts of Washington, you can buy additional coverage for volcanic disasters, too.

When you want cheap home insurance in Lake Oswego, work with top home insurance companies like 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.