Best Homeowners Insurance Agencies in Everett

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 by law to have homeowners' insurance in Everett?

  No, you aren't required by law to have homeowners' insurance in Everett. However, it is highly recommended that you have one even if you don't owe money on a home loan. Homeowners' insurance can cover damages to your house, property, personal belongings, furniture, appliances, clothing, valuable items, and other assets.

• How much does a homeowners' insurance cost in Everett?

  The cost of homeowners' insurance in Everett ranges from about $800 to $1,200 per year. The average cost of homeowner's insurance in the state of Washington is about $960 per year. The amount will depend on several factors, such as the size of the property, its location, and the coverages purchased.

• What can a homeowners' insurance policy in Everett cover?

  A homeowners' insurance policy in Everett can include different coverage options, including the physical structure, additional structures, personal possessions, living expenses, liability protection, and supplemental coverage, such as fire, earthquake, and flood coverage. Some policies can also offer other additional coverages, including damages to trees or plants, debris removal, and credit card coverage.

• Can you choose your own contractor to repair your home in Everett after you file a claim?

  Yes, after you file a homeowners' insurance claim in Everett, you have the right to choose your own contractor to repair your home. Your insurance company may help recommend to you a list of contractors who can perform the repairs according to the estimate. However, the company is not required to do so.

• What is the difference between replacement cost and actual cash value coverage in Everett?

  The main difference between a replacement cost and an actual cash value coverage in Everett is that the replacement cost is the amount of money paid to replace or repair your home, while the actual cash value refers to the amount paid to replace or restore your property minus depreciation.

• 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.