Home Insurance in Springfield, OH

Setting the Record Straight on Home Insurance in Springfield, OH

Springfield, Ohio is Clark County's seat and a popular living choice for healthcare professionals, educators at Wittenberg University, and banking experts. If you're thinking about relocating to the Home City, also known as the City of Roses, you're also probably in the market for home insurance in Springfield OH. As you consider different plans, make sure that you understand these common areas of confusion.

Your Medical Liability Insurance Is for Guests

Home insurance plans include coverage for medical expenses, but this coverage does not replace your ordinary health insurance. Instead, if a guest or neighbor gets hurt in your house, yard, or driveway, your home insurance policy helps you pay for his or her bills at Mercy Health or Ohio Valley Surgical Hospital. For example, if you have a party at your house on West Mulberry Street or Wiley Avenue and some of your guests slip on spilled drinks, you're liable for their medical bills. Rather than paying for their emergency room transport or physical therapy out-of-pocket, your insurance plan covers it. 

Your Policy Has Limits on Possession Replacements

Home insurance in Springfield OH helps you pay for belongings that are stolen or destroyed during robberies and natural disasters. Contrary to popular thought, though, this coverage is not limitless. When you sign your contract, your insurance broker identifies how much replacement cost or agreed value insurance you have for your possessions. If this limit is not enough to replace expensive belongings such as cameras, instruments, jewelry, and science equipment, consider taking out an extra policy for these items.

Your Provider Needs an Inventory of Your Belongings

Making inventories of their belongings is often the last thing on new homeowners' minds. If you're preparing for a consultation for home insurance in Springfield OH, though, it's critical that you have a detailed inventory of all your belongings, so you know what you're receiving coverage for. After all, it's hard to make this list once things are missing. For the easiest process, make your inventory as you unpack your moving boxes, and then put it somewhere safe.

Your Lender May Require Home Insurance Purchases

Unlike auto insurance, you're not legally required to have home insurance in Springfield OH; however, if you need to take out a mortgage to buy your home, your lender can require you to purchase a policy. This practice is common because if your house gets destroyed before you pay your mortgage off, you're less likely to go bankrupt if you have home insurance.

If your mortgage lender mandates home insurance purchases, find out how much coverage you're required to have and whether you must use a certain provider. Make sure to start your search well in advance of your moving date so that you don't violate your mortgage's terms.

Your Policy Is Different from Flood Insurance

Home insurance in Springfield OH covers damage to your house after someone breaks into it or a windstorm damages it. For example, if a robber shatters your windows or a tree falls onto your house during a hurricane, your policy helps with the repair bills. Home insurance is different from flood insurance, though, so if you're near Buck Creek or another part of Springfield that floods a lot, it's a good idea to invest in a separate flood insurance plan.

This information is intended for general informational purposes only and is not intended to constitute legal advice.