Home Insurance Tigard, OR
Your home in Tigard, OR is your castle and is very likely your most valuable asset. The right insurance should provide protection 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.
Schmidt Insurance Group opened its doors in Lake Oswego in 2019 with a goal of making insurance simple, transparent, and affordable and providing exceptional customer service. We are born-and-raised Oregonians who proudly serve the local Portland area as well as the states of Oregon and Washington.
What is Home Insurance?
Home insurance, also known as homeowners insurance, provides you with financial protection in the event of a disaster or accident that involves your home. It will help pay to repair, rebuild, or replace your home, other structures on your property, and your belongings in the event of a destructive event, such as a fire. It will also help cover your liability for any injuries or property damage to others that are caused by you or members of your family (including your household pets).
How are Home Insurance Rates Determined?
Many different factors are considered by insurance companies when determining your homeowners insurance rates, from the number of people living in your home to the shape of your roof! The main factors are:
Location: Is your home located in the woods and surrounded by shrubs and grasses? This could make it vulnerable to fire. Does your neighborhood have a history of break-ins? Is there a fire station nearby? The location of your home is one indication of how risky it may be to insure. The higher the risk, the higher your rate will be.
Characteristics: The size and type of home you own can also affect your insurance rate, but there are other factors:
- Age: Older homes typically cost more to replace, so the older your home is, the more it will probably cost to insure.
- Structure: How your home was constructed is another contributing factor. Masonry/brick homes, for example, withstand wind better than wood frame ones. On the other hand, frame homes are better able to withstand earthquakes.
- Garage: Size matters! It’s more likely that your 3-car garage will be broken into (because it can hold more stuff) than a 1-car garage. More risk typically equates to higher insurance premiums.
Insurance history: Do you file insurance claims for small occurrences or only in the worst-case scenario? If you’ve had home insurance for years but filed no claims, your rate may be more favorable than someone who files frequent small claims.
Home insurance is designed to protect your home and personal property in Tigard, OR, and enable you to rebuild your home from the ground up if the unthinkable happens. At Schmidt Insurance Group, we can also help prepare you for a plethora of other unexpected things! Contact us today at (503) 206-0881 for a free quote, and see how we can help.
