PROTECTING YOUR FUTURE
BAKER & CAREY BOAT INSURANCE
Enjoy the freedom to navigate any lake or river in the U.S., as well as ocean waters within 75 miles of the coast. We also eliminate the usual requirements and restrictions that other insurers may force on you, so you can get on the water right away with the protection you need. For example, we don't require a navigation plan or marine survey, which would cost about $600 for a 30-foot boat.
Your home is one of your biggest and most important assets and choosing the wrong coverage to protect it can be costly. Auto insurance has the same coverage options across all carriers, but when it comes to home insurance the coverage can vary in some pretty important ways. Coverage that is standard with one company may be optional with another so let our agency help you choose the right coverage for your Home, Rental Home, Condo, and/or Townhome.
Replacement Cost vs Actual Cash Value
The most important coverage to understand when it comes to your home insurance is knowing the difference between a Replacement Cost policy and an Actual cash Value policy. A Replacement Cost policy will pay to repair or rebuild your home based on current market cost whereas an Actual Cash Value policy reimburses you by taking that same current cost and reducing that amount due to depreciation from different factors like wear and tear. Actual Cash Value policies cost less but pay less at the time of a claim.
Other Important coverages to consider
Deductible, dwelling coverage, personal property, and liability protection. If you’ve ever shopped for home insurance then you’ve probably heard these terms before but may not know exactly what they mean.
This is the set cost you’ll pay before your policy kicks in.
Covers the physical structure of your home, like the walls and the roof.
Cover the belongings inside your home, like furniture or bicycles, even if they’re damaged or stolen outside the house.
Defends and covers you if someone sues or files a claim against you after being injured on your property or you damage someone else’s property.
Renting your home comes with many responsibilities worth protecting for, this type of insurance usually includes two different types of coverage: property and liability protection.
A standard form of coverage found in most landlords' insurance policies. It pays for expenses if you are found legally responsible for injuries while at your property or if you are legally required to pay for damages to someone else’s property.
Covers the rental property your tenants live in as well as other structures attached to the property such as a garage, patio, or deck.
Talk to one of our license representatives for more information about Landlord insurance coverages, limits, and exclusions.