Best Homeowners Insurance Agencies in Baton Rouge

Frequently Asked Questions

• Introduction

  Homeowners' insurance is a type of property insurance used by private property owners to protect their home and property from a range of risks and liabilities. It is also called home insurance.
  

  
  

  All homeowners' insurance policies cover the primary home on a property, meaning that most damage from weather, accidents, vandalism, and other events will be at least partially paid for by the insurance company. Many policies also include coverage for other structures, personal property, and some premises liability.

  
  

  It is not required by law that a homeowner purchases insurance for their property. However, if you have a mortgage, the lender will usually make purchasing a homeowners' policy a mandatory part of the loan process. Since the mortgage lender is essentially selling you the home, they require you to protect the investment.
  

• What damages are not covered by homeowners’ insurance in Baton Rouge?

  Most homeowner's insurance policies exclude losses caused by earthquakes, floods, wars, and malicious damage. For these perils, you may need to purchase additional endorsements or a separate policy. Flood insurance is recommended because Baton Rouge is a flood zone, according to the Federal Emergency Management Agency. Furthermore, valuable personal belongings such as jewelry, fine art, and antique furniture may not be covered. Discuss supplemental coverage for these items with your trusted homeowners' insurance provider.

• When can you expect the insurer to pay out your homeowners’ insurance claim in Baton Rouge?

  According to Louisiana Revised Statute 22:1892 (A)(4), your Baton Rouge insurer must settle your homeowners' insurance claim within 30 days of receiving adequate proof of your damages. If your payment is not delivered within the deadline, the insurer may be charged with bad faith damages unless there is a legitimate reason.

• Will the landlord’s insurance cover the renter’s personal belongings if damaged in a fire in Baton Rouge?

  No. The landlord's insurance policy only covers damage to the rented house and does not cover the renter's damaged belongings inside. If you rent a home in Baton Rouge, you must obtain your own renter's insurance to cover damages to your personal belongings. A renter's insurance policy provides the same protection as a homeowner's policy, with the exception of coverage for the house itself.

• What should you discuss with your Baton Rouge insurance agent during the annual renewal of your homeowners’ insurance policy?

  The annual renewal is an opportunity to review your Policy Declarations to ensure that your coverage limits are adequate for your needs. Discuss any property improvements, such as room additions and remodeled areas. Because of the increased value of your home, your coverage may need to be adjusted. Check to see if your policy covers additional costs associated with Baton Rouge building code updates and inflation. These elements may have an impact on the cost of rebuilding a home.

• How can you get a lower homeowners’ insurance premium in Baton Rouge?

  Try to improve your credit score before purchasing or renewing your homeowners' insurance. If you have good credit, insurers may offer a lower premium rate. It is also recommended to shop around for the best deal. Make sure you're comparing rates for the same amount of coverage. Raising your deductible can also lower your premium. Also, request discounts. Most Baton Rouge insurers provide discounts for homes that have security systems and for policyholders who have a clean claims history.

• What determines the price of homeowners insurance premium?

  The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.