Best Homeowners Insurance Agencies in Ogden

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.
  

• Are you required to add the City of Ogden as a lien holder on your homeowners' insurance policy if you have a loan under the Own in Ogden Program?

  Yes, the City of Ogden must be named as a loss payee on your homeowner's insurance policy. Ogden City Corporation ISOA/ATIMA Community Development Division 2549 Washington Blvd, Suite 120 Ogden, UT 84401 is the mortgagee clause to be used. If you have any questions about the Own in Ogden Program, please call the Community Development Division at 801-629-8940 or email homes@ogdencity.com.

• Are damage to trees and landscaping in Ogden covered by homeowner's insurance?

  Yes, standard homeowners' insurance in Ogden covers damage to trees and landscaping up to a certain limit. The coverage is typically 5% of the structure's insured amount and can apply to risks such as fire, explosion, lightning, and vandalism. The limit is set for each plant type, such as shrubs and trees.

• If you install a pool at home in Ogden, will the premiums on homeowners' insurance increase?

  Most homeowner's insurance premiums in Ogden will rise when a swimming pool is added to the property. This is because insurers see this as an additional risk and liability on the part of the homeowner. Additionally, premiums will rise even more if the pool lacks a safety fence or a diving board. The Insurance Information Institute recommends that homeowners with pools obtain liability insurance ranging from $300,000 to $500,000 for adequate protection.

• Should you get a replacement cost or actual cash value on a homeowners' insurance in Ogden?

  It is determined by your financial situation. While the actual cash value option may be less expensive, it may not provide adequate coverage if your personal belongings are damaged or stolen. A replacement cost option on your Ogden homeowners' insurance, on the other hand, can provide you with a higher payout amount when you file a claim for a covered loss.

• Can the additional living expenses coverage include transportation costs for a home insurance policyholder in Ogden?

  Yes, gas and mileage costs are covered by a home insurance policy's additional living expenses. This applies if the policyholder in Ogden must drive a longer distance from their temporary residence to school, work, or other important locations. Policyholders must inquire with their insurers about the items covered or reimbursable under their policies.

• 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.