Alan Galvez Insurance
What is Ohio homeowners insurance?
Ohio homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it., as well as your liability.
How do we make the home buying and homeowners insurance experience painless for YOU?
We explain what homeowners insurance is and how it works.
We explain how it applies to your situation and the options that would work best for you.
We work with your real estate agent and mortgage lender to set up an inspection and get all information necessary for your closing.
We maintain contact with you throughout the process so you know what we're doing and where we're at in the process. We've been known to tell our customers about things they didn't know were happening or hadn't been told yet- including closing dates, payment requirements and how the escrow process works!
We get all closing documents to your lender in plenty of time so you're not delayed from getting your new home.
What are the main parts of an Ohio homeowners insurance policy?
Coverage A- The house itself
This can include the house and any extra items attached to the house, such as decks, pergolas, and in-ground pools.
Coverage B- Detached outbuildings
Detached buildings NOT part of the house. Think of detached garages, utility buildings and even above-ground pools. When in doubt, ask!
Coverage C- Contents
Includes items not considered part of the house- think furniture, clothing and appliances. Here's a handy tip to decide what are contents and what are not: Imagine turning your house upside down. Whatever falls out are contents items. Most household contents in a detached building (hand tools, lawn mower, etc). would qualify too.
Coverage D- Loss of Use
Provides money should you need to relocate elsewhere temporarily due to damage from a covered claim. Examples of expenses where this money could be used include: hotel room, apartment, Laundromat, dry cleaning and meals.
Coverage L- Personal Liability
Pays if you're legally liable for causing bodily injury or property damage to someone else. Here's two examples: 1) your pet or animal gets loose and runs in front of a vehicle causing damage to the vehicle and 2) a visitor gets injured while using your swimming pool or hot tub.
Coverage M- Medical Payments
No-fault coverage to pay for medical bills sustained by a visitor to your home. Example: your friend trips over something in your house, falls and breaks a leg, through no fault of your own. Medical payments will step in and pay the medical bills. We call it "goodwill" insurance.
What if you rent or own a condo instead?
Then you'll need Ohio renters insurance or Ohio condo insurance. Renters and condo insurance will include Coverage C, D, L and M as mentioned above. Condo insurance may also include some Coverage A, depending on the condo association agreement.