Homeowners Insurance in Jenks, OK
A standard homeowners insurance policy can help protect your home and belongings, offering financial security in case of accidents or other covered events. At HBI Insurance in Jenks, OK, we’re here to help you explore your coverage options and find the right policy to fit your needs.
What Is Homeowners Insurance? 
Homeowners insurance is a type of policy that can cover damage to your property from covered events and your liability for injuries or property damage you or your family members cause to others. You can also add extra coverages, known as endorsements or riders, to enhance your protection.
What Does It Cover?
Home insurance typically covers several key areas to protect your property and belongings. Here are the main components:
- Dwelling coverage may pay for repairs or rebuilding your home if it’s damaged by covered perils like fire, wind, hail or lightning.
- Personal property coverage may cover the cost of replacing or repairing your personal belongings if they are damaged or stolen.
- Liability coverage may provide coverage if you or another insured are found to be at fault for other parties’ injuries or property damage.
- Additional living expenses coverage may cover losses, such as the cost of living elsewhere and storage unit fees, if your home is uninhabitable due to a covered event.
- Medical payments coverage may pay for medical expenses if a guest is injured on your property, regardless of fault.
It’s important to note that standard home insurance policies do not cover flooding. For flood protection, you’ll need a separate flood insurance policy.
Do I Need Homeowners Insurance?
While federal, state or local governments typically do not require you to have homeowners insurance, your mortgage lender likely will. Even without any such requirements, the right homeowners insurance is crucial, as it can help you financially if you experience a covered loss. Without it, you might have to pay out of pocket for repairs or replacements.
How Are Rates Calculated?
Home insurance premiums are determined by factors such as your home’s rebuild cost, location risks (e.g., crime rates and natural disasters), coverage limits, deductible and claims history.
How to Get Homeowners Insurance Near You
If you need a homeowners insurance policy or want to review your current coverage, HBI Insurance is here to assist you. Contact us today or request a free quote.