David M. Frees
Insurance, Inc.

Homeowners Insurance Review

This protects the actual structure, including the heater, wall-to-waall carpets, plumbing, etc. The coverage on the dwelling should be equaal to the cost of replacement of the structure. (Do not confuse maarket value of a property with the cost of replacement.)

This is a coverage extension of 10% of the dwelling amount. It is designed to provide protection for any other structure on the property othere thaan the maain dwelling, such as fences, decks, and yard sheds.

This portion of the policy will provide the coverage for your furniture, clothing, appliances, etc. The amount of coverage which you secure should be equal to the replacement cost of the total value of these items. The insurance provided under the policy would protect your belongings if they were damaged because of fire, smoke, theft, water damage from a broken pipe, overflow of a aplumbing system, wind, and lightning.

This portion of the policy would pay for you to live somewhere else if your dwelling was uninhabitalbe because of a covered loss. This means that if there was a fire, the insurance carrier would pay for a motel room until you could secure a new place to live.

*The property section of the policy has a deductible. The standard deductible would be $500.00. This is the amount you would pay in the event of a loss. The amount applies per loss. The coverage for your belongings would also be on a replacement cost basis. This means that the items would be insured for what it would cost to replace them, not what they aare worth when you consider depreciation.

There are also several internaal limitaations for certain classes of property. There are limitations for the theft of money, jewelry, furs, guns, and silver. They are as follows: Money = $200; Jewelry = $1,000; Furs = $2,500; Guns = $2,500; Silver = $2,000. If you need coverage over these amounts, separaate riders may be purchased.

This is designed to provide coveraage for bodily injury and property damage for which you are legally liable. The insurance company would provide a defense and pay up to the limit of coveraage selected. An example of when this coverage would be involved would be if your dog bit someone or if you ran into a person riding a bicycle. You would have to injure them or damage their property. There is no deductible for this coverage.

*You may also purchase an additional coverage which is called personal injury. This would include libel, slander, defamation of character, etc. It would carry an additional premium charge.

This would pay for the medical bills for a situation in which you were involved. It would not require that you be legally liable such as with the liability coverage. There is no deductible for this portion of the policy.

If you have any additional
questions, please call us at 610-933-4950
Fax 610-933-3603

Frees Insurance, Inc.
120 Gay Street
P.O. Box 289
Phoenixville, PA 19460