Homeowner Insurance
There is no place like home whether it’s a house, condo or apartment.
Home is often one of the largest investment deserving protection that only an experienced insurance professional can provide. Pinnacle can help you find the best insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and competitive pricing.
Our insurance carriers are highly rated for your security.
Home insurance in addition to the property and liability coverages, there are medical payments for guests to the property and loss of use of your property. An insurance company can even house you and provide emergency expense coverage.
- The first coverage part is your property insurance for the house and property damage provides coverage for loss caused by wide variety of perils which includes fire, wind, hail, water damage (unless excluded by your policy), detached structures and contents that includes items like furniture, appliances, clothing and more.
- Discounts on things you already have
- Prompt and professional customer service
What does home owners insurance policy cover?
Personal Liability
Could help with medical expenses or property damage to others caused by you or members of your household, including pets. Personal liability could also help with legal expenses in the case of a lawsuitAdditional Expenses
When experiencing a covered loss, this coverage bears your extra bills you might have to pay
Medical Coverage
Covers medical payments for minor injuries to people who don’t live with you but get hurt on your property.
Discounts
Multipolicy discount when insuring your car with us and having homeowners as abundle policy.
Home security system:
Alarm system, smoke detection alarm and fire extinguishers save life and help you save money in your insurance.
Dwelling Fire Insurance - Investment Properties/Landlord Insurance/Tenant/ Condo :
DP1:
Is vacant property insurance and offers the minimum coverage amount .Your home structure is insured at actual cash value not the replacement cost.
Covers only named perils that are listed in the policy usually like fire, smoke, wind and hail, lightning, explosion, aircraft, vehicles hitting the house, volcanoes, vandalism, riot.
DP1 does not cover the following:
- Water damage: most frequent homeowners insurance claim
- Theft
- Weight of ice,sleet, or snow
- Freezing pipes
- Appliance- related damage
- Falling objects, falling trees
- Power surge
DP2:
Is a type of property insurance that covers rental properties for 18 different types of damage. Replacement – cost basis coverage is provided through DP-2.
DP3:
Landlord property insurance where the home owner rents out the property but doesn’t live there.
DP3 is an Open Peril Policy which covers everything listed above unless your policy documents stated exclusions; this policy covers any type of damage outside of the perils.
So, the general thumb rule for taking a home insurance either DP1 or DP2 depends on if you are living in the home full time and you are renting it out in a landlord arrangement you need DP-3 and if the property is vacant for the next 30 days and need insurance you have to get a DP-1 policy.
Coverage differences between DP-1 and DP-3
| DP-1: Vacant | DP-3 Landlord | |
|---|---|---|
| Building covered | Actual cash value | Replacement Value |
| Perils Covered | Named Perils | Open Perils |
| Loss of rents | Not Included | Optional |
| Liability Coverage | Optional | Optional |
| Water damage | Not Included | Optional |
What can be as add-on purchases with your home insurance:
- Flooding
- Mold
- Replacement Costs
- Personal Umbrella
- Sewage Back-up/Sump Pump
- Identity theft
- Home daycare
- Earthquake
- Lateral line coverage