Home insurance FAQs

Buying a home is a major investment in your future. Worrying about it may give you some sleepless nights. Home insurance is designed to take some of the worries out of homeownership. At Kramer Agency in Bismarck, ND, we understand how worrisome homeownership can be and we do our best to mitigate some of those worries with great home insurance. As an independent agency, we can provide more choices and personalized service. 

Home insurance FAQs

How much liability coverage do I need?

There is not one amount that is right for everyone. If you have some things that make you a higher risk, like a dog or a trampoline, you may want to add additional liability coverage or even an umbrella policy. Everyone’s liability needs are different. 

Do I need home insurance if I don’t have a mortgage?

No law says you need to have home insurance. But considering the amount of money that you have invested in your home, it is not a good financial decision to be without protection. 

What things aren’t covered by home insurance?

Home insurance has a few exclusions: nuclear hazards, war, civil unrest, earthquakes, floods, sinkholes, animal or pest infestations, wear and tear, and owner neglect. Be sure to read your policy for any additional items. 

Are my personal possessions covered when I have them away from home?

Yes, your personal possessions are covered when you are traveling. If you lose your suitcase, your camera, your laptop, or other items, you can get reimbursement from your insurance minus whatever your deductible is. 

Do I need a home inventory?

If you ever need to file a claim, you will be glad you have one. 

Give Us A Call

Get hold of Kramer Agency in Bismarck, ND when you are ready to discuss the amount of coverage you need. We are here to help.

Is it Time To Upgrade my Home Insurance?

The chances are that the Bismarck, ND home you built a couple of years ago looks so different today. To that end, just as you continue upgrading your home, so should your home insurance. The home insurance you purchased a while back could no longer be the policy you need now.

Remember, home insurance aims to protect your assets, including your family member’s liabilities. Therefore, reviewing your home insurance from time to time is crucial to avoid being over or underinsured. But how will I know my home insurance needs to be updated? Relax, at Kramer Agency, we’ve got your answer.

Here are the reasons why you should update your homeowner’s insurance.

Home improvement 

Home improvement or renovation can impact the value of your home significantly. Whether you’ve put on a new roof, renovated your kitchen, or added a bathroom, you must let your insurance agent know. You should update your policy to cover the replacement costs in the event of a claim.

Added personal contents

When purchasing your home insurance, you calculated the amount it would take to replace your personal belongings in case of loss or damage. You are likely to have added more items since then or replaced them with high-end furnishings. With this, your policy may not be enough to cover their replacement. It’s, therefore, important you update your home insurance.

Added safety prevention

Home surveillance systems and alarms are helpful to homeowners as they provide additional security. If you have added any of these components, you may be in for a pleasant surprise. Improving the safety components of your home may affect your premiums favorably.

Homeowners insurance in Bismarck, ND 

It’s always crucial to keep updating your homeowner’s insurance. A regular home insurance review could even land you some savings on premiums besides having the right amount of coverage. Ready for your insurance update or new home insurance? Call us at Kramer Agency for an affordable quote.