Home Insurance in Ohio

A part of the American Dream is to own a piece of land with a house on it that you can one day pass on to your children or grandchildren. That is an expensive dream and is often 30 years in the making (depending on the mortgage). One bolt of lightning can be the wrench in the gears to that dream, passing on only the mortgage and property valued at half of its outstanding balance to the next generation. Meiners Insurance of Ohio can be the lightning rod that keeps your legacy a net positive value.

Why Get Homeowners Insurance?

To protect your investment, property, and family from the potential financial ruin that a single catastrophic event can create. Due to this, most mortgage lenders stipulate that homeowners’ insurance be fully active and maintained during the life of the mortgage. In some cases, this is handled entirely by the lender through an escrow account that is set up. In others, the lender may be fine with the honor system.

Just as with auto insurance, there are standard coverages as well as supplements that can be added to cover a more unlikely event. For example, flood insurance is not required of every Ohio home policy, and flooding may not be a risk depending on your land’s situation but may still be desired for peace of mind. Of course, if your home is on a high-risk flood plain, a lender could stipulate that the supplement be required.

How Much Coverage Do I Need?

Nobody wishes to be over-insured. Flood insurance for a house on the top of a hill may be unnecessary, but is the land safe from a mudslide? Our professionals at Meiners Insurance in Avon Lake, OH can help you get the coverage that is right for you without adding on supplements that are frivolous. Contact our office in Avon Lake, OH to find out what we can do to protect you and your investment.