Homeowners and Renters Insurance
Homeowners Insurance Policies
If you're a first-time homebuyer or you've just moved to Bloomington, you'll want to protect your home. Homeowners Insurance covers losses and damage in the event that your home is burglarized or there is weather damage. Read what's covered with a homeowners policy from Mid-America Insurance Services, Inc.
Renters Insurance Policies
Renters Insurance is a great option to protect yourself in case your possessions are stolen, damaged, or ruined while in an apartment. Student apartments and residential apartments alike can benefit from renters policies. Typically these coverages include liability coverages, additional living expenses, and protection of your belongings. These are all included in Homeowners Insurance with one exception. Read below for more information or get in touch with us to ask about a renters insurance policy quote.
Our Part in the Process
Mid-America Insurance Services is a team of certified insurance professionals with decades of experience across personal policy writing. We save our clients from overpaying while mitigating losses in the event of insurance claims. We help each of our clients assess their needs and then present them with a few competitive options from national providers. We are proud members of the Independent Insurance Agents of Illinois.
What's Covered in Homeowners/Renters Insurance
Homeowners Insurance and Renters Insurance policies cover residents of Bloomington, Illinois no matter if you own or rent your home. We believe all of our customers should be educated on the basic coverages and non-coverages related to personal property insurance.
Your Home's Structure
This is the main distinction between homeowners and renters insurance. For homeowners and homebuyers, the structure of your property is the primary form of coverage in your policy. This is standard for all homeowner policies. Everything else listed below applies for both homeowners and renters coverage.
Your insurance policy protects any of the things you possess within your home. Personal property coverage is often based off of the value of your home. This valuation will determine the maximum amount covered by your insurer. For a comparison of quote offers from nationwide providers, inquire on one of the above forms.
For residents living within city limits, it is important to consider a property insurance plan that covers your own general liability in the case that a storm or circumstance causes damage or injuries by you or members of your family. This is a popular way to protect your loved ones up front.
This is somewhat self-explanatory but can be a complicated matter. If someone is injured while on your property, this part of your policy will reimburse that individual’s medical expenses up to the limit you purchased. Homeowners tend to apply these policies when they have a potential liability such as a swimming pool, trampoline, or other activities that could potentially put friends and family at risk for small claim injuries.
Additional Living Expenses (ALE)
This is a critical part of any property insurance policy. ALE coverage is for homeowners and renters that are displaced from their property. If there is severe weather damage and you must vacate your home, the additional living expenses portion will reimburse the burden of that cost up to your limit.
What to Know about Natural Disasters
Disaster-related damage is a more complicated matter and this is where you have some additional flexibility when choosing a property policy package. Our insurance agents are more than happy to assist you by looking into different combinations of natural disaster protection that is most common to central Illinois, such as flooding, tornados, and more.