Best Homeowners Insurance Agencies in Kirkland

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.
  

• How much could a homeowner in Kirkland save by bundling car with home insurance?

  Bundling car and homeowners insurance in Kirkland reduces the premiums of policies by a factor of 10% to 25%, which is significant if the policies are expensive. But, there are times when this is not the preferable option because certain perils might be excluded from bundles and require added costs, negating savings.

• Are detached structures part of a standard homeowners insurance policy coverage in Kirkland?

  Yes, detached structures can be part of a standard homeowners insurance policy coverage in Kirkland for homes that have them. The coverage is not the same for attachments and is capped at a percentage of the dwelling's cost. This limit is at around 10% of the expense of fixing the main structure.

• Does a homeowners policy in Kirkland protect a client from a tort that technically occurs outside the premises?

  Yes, a homeowners policy in Kirkland protects a client from a tort that occurs outside the premises. Dog bite cases are covered by personal liability plans, including those where the animal bites a neighbor through the fence, and thus outside of the property line. Note though that certain vicious breeds might be excluded.

• What natural disasters will require additional policies for homeowners in Kirkland?

  For homeowners in Kirkland, earthquakes are not covered by routine home insurance plans and require additional policies. Flood damage is also not usually covered in regular contracts; it needs to be negotiated further with an insurance agent or company. Do note that wind, hail, fire, and lighting are all covered.

• What are the top five homeowners insurance companies in Kirkland?

  In terms of market share, the top five homeowners insurance providers in Kirkland in ascending order are Farmers Insurance, Liberty Mutual, USAA, Allstate, and State Farm. As reported by the Office of the Insurance Commissioner in Washington State, the top five players in ascending order are USAA, Allstate, PEMCO, Safeco, and State Farm.

• 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.