Home Insurance Companies Near Me

In your search for home insurance companies near me, you have landed at Schmidt Insurance Group. At Schmidt Insurance Group in Lake Oswego, we take the time to understand your unique insurance needs. We are licensed experts who can help you make smart decisions about the coverage you need to protect your family, your property, and your business.

Schmidt Insurance Group opened its doors in 2019 with a goal of making insurance easy while providing exceptional customer service. We proudly serve the local Portland area and all of Oregon and Washington. Our office is full of born-and-raised Oregonians!

Kinds of Home Insurance Coverage

Your home insurance policy, also called homeowners 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.

Common Mistakes People Make When Buying Home Insurance

Unfortunately, many people overlook specific aspects of their homeowner’s insurance because on the surface it seems easy to understand. But there are areas that need special attention to avoid the common mistakes people make when buying home insurance:

1. Not Enough Coverage– As a rule of thumb, buy at least 80% of your home’s value in coverage.
2. Neglecting to Add Extra Coverage– Don’t fail to consider flood, earthquake, and other optional insurance coverage floaters.
3. Choosing the Wrong Deductible- Make sure that both the premium and the deductible are in your budget appropriately should you need to file a claim.
4. Missing Mold Exclusions- Mold is considered negligence on the homeowner’s part so it’s generally not included.
5. Assuming Pets are Covered- Some pets are restricted from coverage.
6. Failing to Update Life Changes- Home repairs, getting a new dog, having someone move in or out, can all affect your rates. Make sure to keep your provider up to date.
7. Missing Claim Filing Cutoff- Most claims need to happen within the first 30-60 days. Check your policy, so you know how much time you have to prevent having your claim denied.
8. Taking Poor Inventory- Make sure you include all your valuables in your possessions’ coverage.

People who search for “home insurance companies near me”, always land at Schmidt Insurance Group. We will help you find the best protection for your home and personal belongings. Contact us today at (503) 506-4554 for a free quote and more information.