Home Insurance
Protects Your Home and Possessions.
All you wanted to know about the insurance, but were embarrassed to ask
Whether you are buying insurance for your first home, or the high-value home of your dreams, Nine Lives Agency will help you insure your real estate, and our agents will explain why it’s necessary.
In short, home insurance in the U.S. is essential. Insuring your home in the U.S. provides a strong guarantee that you’ll receive your money under any circumstances. The home insurance system in the U.S. works very good, so it’s not recommended to set your house on fire to collect insurance money. It won’t work.
What is homeowners insurance?
A typical standard homeowners insurance policy provides coverage to repair or rebuild your home after damage from smoke, fire, theft, vandalism, a fallen tree, or a weather event such as lightning, wind, or hail. If you need to move out while repairs are made, homeowners insurance can pay for alternate food and lodging.
In addition to the primary structure, standard policies typically cover heating and cooling systems, appliances, furniture, clothing, and other personal belongings in the home. Guest medical and liability coverage is also included, to protect you if a visitor is injured on the property. Most standard policies include coverage for a detached garage, shed, or other outbuilding, or a permanent structure such as an outdoor fireplace, swimming pool, fence, or wall.
It’s important to note that homeowners insurance is not the same as home warranty coverage, which typically covers failed appliances, heating and cooling systems, and can offer protection against damage from termite and rodent damage.
Do I need homeowners insurance?
Most homeowners should purchase home insurance even if it isn’t required by their mortgage lender. Many mortgage lenders will require you to get homeowners insurance to financially protect themselves, but home insurance is also among one of the best ways to protect your largest investment: your home.
Even if you can afford to rebuild or replace all of your possessions in the event that your house is destroyed or robbed, homeowners insurance is an inexpensive way to avoid having to pay the huge out-of-pocket expense.
What if I rent my apartment and not a homeowner?
You can get Renters insurance, which protects your personal property in a rented apartment, condo or home from unexpected circumstances such as theft, a fire or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property (Medical payments coverage).
In short, home insurance in the U.S. is essential. Insuring your home in the U.S. provides a strong guarantee that you’ll receive your money under any circumstances. The home insurance system in the U.S. works very good, so it’s not recommended to set your house on fire to collect insurance money. It won’t work.
What is homeowners insurance?
A typical standard homeowners insurance policy provides coverage to repair or rebuild your home after damage from smoke, fire, theft, vandalism, a fallen tree, or a weather event such as lightning, wind, or hail. If you need to move out while repairs are made, homeowners insurance can pay for alternate food and lodging.
In addition to the primary structure, standard policies typically cover heating and cooling systems, appliances, furniture, clothing, and other personal belongings in the home. Guest medical and liability coverage is also included, to protect you if a visitor is injured on the property. Most standard policies include coverage for a detached garage, shed, or other outbuilding, or a permanent structure such as an outdoor fireplace, swimming pool, fence, or wall.
It’s important to note that homeowners insurance is not the same as home warranty coverage, which typically covers failed appliances, heating and cooling systems, and can offer protection against damage from termite and rodent damage.
Do I need homeowners insurance?
Most homeowners should purchase home insurance even if it isn’t required by their mortgage lender. Many mortgage lenders will require you to get homeowners insurance to financially protect themselves, but home insurance is also among one of the best ways to protect your largest investment: your home.
Even if you can afford to rebuild or replace all of your possessions in the event that your house is destroyed or robbed, homeowners insurance is an inexpensive way to avoid having to pay the huge out-of-pocket expense.
What if I rent my apartment and not a homeowner?
You can get Renters insurance, which protects your personal property in a rented apartment, condo or home from unexpected circumstances such as theft, a fire or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property (Medical payments coverage).
Whether you are buying insurance for your first home, or the high-value home of your dreams, Nine Lives Agency will help you insure your real estate, and our agents will explain why it’s necessary.
In short, home insurance in the U.S. is essential. Insuring your home in the U.S. provides a strong guarantee that you’ll receive your money under any circumstances. The home insurance system in the U.S. works very good, so it’s not recommended to set your house on fire to collect insurance money. It won’t work.
What is homeowners insurance?
A typical standard homeowners insurance policy provides coverage to repair or rebuild your home after damage from smoke, fire, theft, vandalism, a fallen tree, or a weather event such as lightning, wind, or hail. If you need to move out while repairs are made, homeowners insurance can pay for alternate food and lodging.
In addition to the primary structure, standard policies typically cover heating and cooling systems, appliances, furniture, clothing, and other personal belongings in the home. Guest medical and liability coverage is also included, to protect you if a visitor is injured on the property. Most standard policies include coverage for a detached garage, shed, or other outbuilding, or a permanent structure such as an outdoor fireplace, swimming pool, fence, or wall.
It’s important to note that homeowners insurance is not the same as home warranty coverage, which typically covers failed appliances, heating and cooling systems, and can offer protection against damage from termite and rodent damage.
Do I need homeowners insurance?
Most homeowners should purchase home insurance even if it isn’t required by their mortgage lender. Many mortgage lenders will require you to get homeowners insurance to financially protect themselves, but home insurance is also among one of the best ways to protect your largest investment: your home.
Even if you can afford to rebuild or replace all of your possessions in the event that your house is destroyed or robbed, homeowners insurance is an inexpensive way to avoid having to pay the huge out-of-pocket expense.
What if I rent my apartment and not a homeowner?
You can get Renters insurance, which protects your personal property in a rented apartment, condo or home from unexpected circumstances such as theft, a fire or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property (Medical payments coverage).
In short, home insurance in the U.S. is essential. Insuring your home in the U.S. provides a strong guarantee that you’ll receive your money under any circumstances. The home insurance system in the U.S. works very good, so it’s not recommended to set your house on fire to collect insurance money. It won’t work.
What is homeowners insurance?
A typical standard homeowners insurance policy provides coverage to repair or rebuild your home after damage from smoke, fire, theft, vandalism, a fallen tree, or a weather event such as lightning, wind, or hail. If you need to move out while repairs are made, homeowners insurance can pay for alternate food and lodging.
In addition to the primary structure, standard policies typically cover heating and cooling systems, appliances, furniture, clothing, and other personal belongings in the home. Guest medical and liability coverage is also included, to protect you if a visitor is injured on the property. Most standard policies include coverage for a detached garage, shed, or other outbuilding, or a permanent structure such as an outdoor fireplace, swimming pool, fence, or wall.
It’s important to note that homeowners insurance is not the same as home warranty coverage, which typically covers failed appliances, heating and cooling systems, and can offer protection against damage from termite and rodent damage.
Do I need homeowners insurance?
Most homeowners should purchase home insurance even if it isn’t required by their mortgage lender. Many mortgage lenders will require you to get homeowners insurance to financially protect themselves, but home insurance is also among one of the best ways to protect your largest investment: your home.
Even if you can afford to rebuild or replace all of your possessions in the event that your house is destroyed or robbed, homeowners insurance is an inexpensive way to avoid having to pay the huge out-of-pocket expense.
What if I rent my apartment and not a homeowner?
You can get Renters insurance, which protects your personal property in a rented apartment, condo or home from unexpected circumstances such as theft, a fire or sewer backup damage – and will pay you for lost or damaged possessions. It can also help protect you from liability if someone is injured on your property (Medical payments coverage).
Types of Home Insurance Policies
In Illinois, common homeowner's insurance types include HO-3, HO-6, HO-4, and HO-5, each offering different levels of coverage. HO-3 is standard, covering most single houses, except those specifically excluded, while HO-6 is for condo and townhome owners. HO-4 is for renters, and HO-5 provides broader coverage than HO-3.
Here's a more detailed look:
Here's a more detailed look:
In Illinois, common homeowner's insurance types include HO-3, HO-6, HO-4, and HO-5, each offering different levels of coverage. HO-3 is standard, covering most single houses, except those specifically excluded, while HO-6 is for condo and townhome owners. HO-4 is for renters, and HO-5 provides broader coverage than HO-3.
Here's a more detailed look:
Here's a more detailed look:
Coverage:
This is the most common type, covering damage to your home and attached structures, as well as personal property within the home.
Perils Covered:
It protects against a wide range of perils, including fire, theft, wind, and hail, with most exclusions stated in the policy.
What it excludes:
Some common exclusions include flood damage, earthquake damage, and damage from war or nuclear accidents.
Suitable for:
Homeowners with a detached single-family home.
This is the most common type, covering damage to your home and attached structures, as well as personal property within the home.
Perils Covered:
It protects against a wide range of perils, including fire, theft, wind, and hail, with most exclusions stated in the policy.
What it excludes:
Some common exclusions include flood damage, earthquake damage, and damage from war or nuclear accidents.
Suitable for:
Homeowners with a detached single-family home.
Coverage: This policy is specifically designed for condominium owners, covering their personal property and liability.
What it excludes: It typically doesn't cover the physical structure of the condo itself, as that is usually covered by the building association's insurance.
Suitable for: Condominium owners.
What it excludes: It typically doesn't cover the physical structure of the condo itself, as that is usually covered by the building association's insurance.
Suitable for: Condominium owners.
Coverage: This type of insurance protects your personal belongings and provides liability coverage for you.
What it excludes: It does not cover the physical structure of the building you rent, as that is typically covered by the landlord's insurance.
Suitable for: Renters.
What it excludes: It does not cover the physical structure of the building you rent, as that is typically covered by the landlord's insurance.
Suitable for: Renters.
Coverage: This policy provides broader coverage than HO-3, including replacement cost coverage for both your dwelling and personal property.
Suitable for: Homeowners who want the highest level of coverage.
Suitable for: Homeowners who want the highest level of coverage.
If you own a rental property or a home that is not your primary residence, you'll need a specialized type of insurance policy known as a dwelling fire policy. There are three main forms of dwelling fire policies - DP1, DP2, and DP3. The DP1 and DP3 represent the two ends of the coverage spectrum, with the DP1 being the most basic and limited policy, while the DP3 offers the highest level of comprehensive protection.
Insurances we sell:
Contact us to check your eligibility
Important notice to our Customers
Please be aware that it is your—the Customer's—responsibility to know when your payments are due and to make those payments on time for any insurance policy you have purchased through us (the Agency). Nine Lives Agency is not responsible and will not be held accountable for any payments you may have missed (for any reason) and any policy that may have been cancelled by Provider or consequences thereof.
Please be aware that it is your—the Customer's—responsibility to know when your payments are due and to make those payments on time for any insurance policy you have purchased through us (the Agency). Nine Lives Agency is not responsible and will not be held accountable for any payments you may have missed (for any reason) and any policy that may have been cancelled by Provider or consequences thereof.