Frequently Asked Questions: Homeowners Insurance, Renters Insurance, Car Insurance, Landlord Insurance

Typically, most homeowners insurance will cover damage from wildfires. However, if you live in a high-risk area prone to wildfires, your home insurance may specifically indicate that they do not cover this. You will then need to find insurance to cover in case of a wildfire in your area.

For most renters insurance, it will cover your personal belongings such as clothing, furniture, electronics, and more. It will also provide liability coverage if someone injures themselves at your home. Renters insurance also often provides medical cost coverage associated with those injuries. Finally, most also offer additional living expenses should you need to live elsewhere for a while due to a covered incident.

With homeowners insurance, you are covering both the physical structure of the home as well as the contents of the home. Landlord insurance covers only the physical structure of the home, while also providing coverage against damage from the tenants. It can also provide loss of rent as well as liability coverage.

Yes, as homes age they become more expensive to insure. This is due to multiple reasons, including the materials that were used are often expensive to repair in the same manner, or just from general decay. Older homes were also constructed with lower safety standards compared to modern homes. Older homes also usually have more claims, and a home with more claims is more expensive to insure, generally speaking.

Currently, it is $15,000 for bodily injury per person and $30,000 per accident. Property damage has a minimum of $5,000 per accident. The uninsured motorist minimum is $15,000 per person and $30,000 per accident. This is commonly referred to as the 15/30/5 rule. Beginning in January 2025, these minimums will increase to 30/60/15.

The main difference between the two options is that liability only covers injuries and damages done to other people, but does not cover your vehicle or medical expenses. Full coverage adds these items to your insurance, and in some cases can also cover non-collision incidents, such as fire.

One of the best ways is to work with an independent insurance agent like Arnoldussen & Associates. We work with multiple insurance companies and can find you the best rate. You can also adjust certain numbers with your insurance, such as the deductible amount. If you are willing to take on more of the financial responsibility with your vehicle, your insurance rates will usually go down.

Generally speaking, you will want to have a separate insurance policy for your mobile home or an RV. Your vehicle insurance does not extend to your trailer unless you add a special rider, and even then it isn't as comprehensive as a special insurance policy just for the RV. Talk with our team today to learn more about all of your options.