We love our jewelry, and that’s why we spend a lot of money to acquire it. But what happens when you lose a pricey diamond ring at home? What if someone breaks in and steals your gold necklace when you are out on an errand? Your homeowners’ insurance protects your personal belongings in your house from some risks that are usually specified in the policy. Jewelry constitutes personal items and is, therefore, covered in the policy but only to a certain extent. 

Generally, homeowners’ policies do not pay for jewelry pieces or gems that are simply lost. The coverage for these items on your policy is limited in that way. If you want to know whether your diamond ring or any other valuables are adequately covered in your homeowners’ policy, read through the policy carefully or better still, ask a knowledgeable agent. You may want to get additional coverage for your jewelry. The Owens Agency, LLC in Waldron, AR provides additional coverage options for your jewelry to minimize financial loss.

Should I Get Additional Coverage for My Jewelry?

Coverage varies from one insurance provider to the next, but companies usually limit their coverage for jewelry and other items of value. If your jewelry is lost or damaged due to a listed peril like theft or fire, the loss will be covered. If someone breaks into your home while you are on vacation and makes away with your jewelry collection, the loss will be covered up to a limit.

If a fire in your home causes damage to a necklace that has been with your family for generations, the loss will be covered but only to a limit. Mysterious disappearance, or in other words, if the item is lost, no coverage is provided. You need additional coverage to cover such a loss. The Owens Agency, LLC provides the coverage you need for your jewelry in Waldron, AZ. Give us a call if you need more information on our jewelry insurance policies.  

Mortgages are a difficult thing to understand, as is the insurance that you need to have on your home to protect it. Insurance is something that is required in cases in which the homeowner still holds a mortgage on the home or has a lien against the cost of the home. If you have a mortgage on your home, your lender will likely require home insurance for at least the value of the loan. For those in the Waldron, AR area, the agents with The Owens Agency, LLC can help.

If you own a home on which you have a loan, mortgage, lien, or other money borrowed against, odd are your lender is going to require some sort of home insurance for at least the amount of the loan. This means that you cannot drop your home insurance if you have a loan or mortgage against your house. It is essential that a lender requires you to hold home insurance for the simple fact that if the home is destroyed, your lender needs to be able to get the money they have lent to you back. Without home insurance, most people are not going to be able to come up with the money to pay back a mortgage after the home has been destroyed.

Having the right policy on hand is going to help protect both you and the lender to avoid having to pay off a large sum if your home is destroyed. This is a fail-safe in some ways for the lender because it will help them to keep your loan in good standing. For those that live in the Waldron, AR area, you can ask the agents at The Owens Agency, LLC to answer your questions and find out what type of home policy is going to work best for you. We can walk you through the insurance process and get you a quote through our online rating tool.

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Home insurance is something that we all need to have in place to protect our homes. If you have a mortgage on your home, your lender likely requires that you have home insurance to help protect their investment as well. These policies help us in a wide range of incidents from fire to storm damage, but there are some instances in which a home policy is simply not going to pay out. In those cases, you can add supplementary policies to help cover anything that may happen. For those in the Mena or Waldron, AR area, the agents with The Owens Agency, LLC can help you determine which supplementary policies you need.

Each insurance company is different in regards to how much supplementary insurance can be added to your primary policy and how many extra policies you can have, but generally, each insurance company will allow you to buy the supplementary insurance that you need. There are supplementary policies for just about anything you can imagine including flood, earthquake, umbrella policies, and more. The most important thing is to take the time to figure out what policy is right for you and what coverage you need. In most cases, your agent or agency will help you to condense supplementary policies for easy management.

Also, many insurance companies have supplementary bundles that save you money while giving you the extra coverage that you need above and beyond your typical home policy. This type of insurance policy is entirely optional and is great for those that need a bit of extra coverage, but that might not want to buy an entirely new policy. You can buy specific additional coverage, or you can buy umbrella policies that cover just about anything. For those in the Waldron, AR area, the agents with The Owens Agency, LLC can help you find the perfect coverage.  

At The Owens Agency, LLC, serving the greater Waldron, AR area, we are often asked questions about homeowners insurance. More specifically, people want to know why their home insurance claims may be denied and what role home maintenance plays in denials. We believe in informing and educating potential customers. Here is what every homeowner should know about home maintenance and home insurance claims.

Home Maintenance

It is critical that you properly care for and maintain all of the elements of your home, including things such as the roof, siding, your foundation, and plumbing. If you file a homeowners insurance claim, an adjuster may come out to evaluate the damage done to your home. One of the things that they will look for as they evaluate the damage is what condition the damaged part of your home is in and whether that element was adequately maintained. 

If the adjuster determines that the element of your home that is damaged was not adequately maintained or was damaged due to a lack of maintenance, they reserve the right to deny your claim. Always carefully read over your policy documents to learn more about the maintenance requirements for your home and what your rights are if you dispute the findings that the element that was damaged was not adequately cared for or maintained. 

When you are looking for a new home insurance policy, The Owens Agency, LLC, serving the greater Waldron, AR area, would love to help you find the right policy for your situation. Contact us today to schedule an appointment to sit down with us and discuss your home insurance needs. 

If you own a home in Arkansas or Oklahoma and have insurance on it, you may notice a rise in your premium from time to time. What you need to realize, though, is that your insurance rate should not increase simply because the insurance provider wants to make more money. Instead, there usually has to be some justification and change as to why you are paying more. Let’s take a closer look at what could make your homeowner’s insurance increase with The Owens Agency, LLC in Waldron, AR. 

Dogs and Pets

Did you know that dog bites account for roughly 1/3 of all homeowner’s liability claims? If you have a dog and your insurance provider finds out and you have not previously listed the dog on your policy, this can cause your rate to increase. 

Trampoline and Outdoor Equipment

So, you’ve decided that the kids would love to have a trampoline. Sure, having one of these is going to keep the kids well-entertained, but it may also increase your homeowner’s insurance rate. Pools can have the same affect as well.

Wood-burning Fireplace

There’s nothing better than the cozy feeling of heat coming from a wood stove. However, with 36 percent of rural and residential fires starting from a wood fireplace or stove, this makes having one in your home high risk; therefore, meaning once you list it on your policy, you very well may see a jump in your insurance rate. 

Home Business

If you run a home business, there’s a good chance you may require a completely separate insurance policy for it. If you don’t, then the coverage of your homeowner’s policy is likely to increase because coverage will be needed to protect your business assets, including furniture, electronics, and more. 

To learn more about homeowner’s insurance, please contact The Owens Agency, LLC serving the Waldron, AR area. Also, try our online rating tool for quotes on home insurance from your computer.