Homeowner’s Insurance

A home is the single biggest investment most individuals will ever make. It is typically the largest asset on the family “balance sheet”. In addition, furniture, appliances, clothing, family heirlooms, and other movable personal belongings, represent a substantial additional investment.

Further, everyone faces the risk of personal liability. For example, a visitor to your residence could slip and fall. Such accidents can result in court decisions awarding large sums to the injured party.

Our process to assess your needs, called The Viti NAF™, uses our expertise and technology to ask the right questions to assess your risk, leaving no important stone unturned. For instance, we’ll create property schedules and a jewelry schedule to prevent under- or over-insuring.

Today’s homeowner’s insurance provides protection against a number of the “perils” of modern life, in one packaged policy. A typical homeowner’s policy can provide protection for:

• The home itself. This includes the physical dwelling structure and other structures attached to it.
• Unattached structures. For example, a detached garage, pool house, guesthouse, green house, or tool shed.
• Personal property. Specifically, this means the contents of the home, such as furniture, appliances or clothing. Certain types of property may have specific dollar amounts, such as fine arts, collectibles, and antiques.
• Loss of use or additional living expense. If a home is damaged by a covered peril, loss-of-use coverage helps meet the costs of hotel bills, apartment or rental home, eating out, and other living expenses while the home is being repaired. This portion of the policy can also reimburse a homeowner for lost income if a room in the home were rented out. This is sometimes insured according to “actual loss sustained”.
• Personal Liability. This provides protection against legal liability for bodily injury or property damage if a third party is accidentally injured.
• Medical Payments. Also known as guest-medical payments, this covers a third party’s medical treatment due to accidental injury on your property.