Home, Condo, Flood, & Earthquake | Protected World Insurance Agency

Home and Condo Insurance

Personal Liability Coverage

Applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

Medical Coverage

This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

Additional Living Expenses

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses—commonly for up to 24 months—while damage is assessed and your home is repaired or rebuilt.

Scheduled Personal Property Coverage

If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.

Landlord Protection Coverage

If You Rent Out Your Home Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. As a landlord, you want insurance that’s tailored specifically to protect your rental properties. A Landlord Protection policy gives you choices when purchasing the insurance coverage you need. What you need to know about landlord protection insurance Rental property is a great investment, especially if you protect your assets with excellent coverage. Make sure that you and your property are covered when choosing a landlord protection insurance policy. Protect Yourself Landlord Protection liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry as well as other non-bodily injury claims such as libel and slander. Extra Coverage Doesn’t Have to Cost a Lot Many landlords supplement their coverage with personal umbrella liability insurance for broader protection.

Loss Assessment Coverage

Loss Assessment is optional coverage to protect you against certain assessments that may be levied by a homeowner or condo association. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your association may levy assessments against all the owners to pay the deductible on their association policy. Various limits of loss assessment coverage are available. Be sure to consult your HOA agreement to determine the potential for such assessments.

Flood Insurance

All flood Insurance is offered through the National Flood Insurance Program: FEMA. Though the government actually provides flood coverage, Protected World Insurance Agency, we issue this policy in the event of flood damage to your insured property, and we can also service your claim.

Earthquake Insurance

Most homeowner, condo, and rental insurance policies do not cover damage caused by an earthquake. coverage can be purchased as an endorsement or a separate policy. You may be able to choose to purchase earthquake insurance from the same company that provides your home insurance or from a specialized earthquake insurance provider.

Even if you don't live in an area where earthquakes are common, you may still need earthquake insurance. Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active.

An earthquake endorsement generally excludes damages or losses from floods and tidal waves – even when caused or compounded by an earthquake. However, if you experience a loss due to a landslide, settlement, mudflow, or the rising, sinking and contracting of earth, your endorsement may cover it if the damage resulted from an earthquake.

Based in Upper Arlington, a central Ohio suburb of Columbus, Protected World Insurance Agency follows a clear process to best understand your insurance needs for your home or condo property. Protected World Insurance Agency is here to help you find the right insurance for your personal property. Whether you own a home, condo, or have rental properties, our agency will work with you to select the correct policy coverages and features to best suit your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

The cost to rebuild your home is its replacement value. This can be very different from the estimated market value or actual purchase price. In most cases, it costs more to rebuild the home you own than to buy a new one. We’ll diligently estimate the replacement cost for your home and consult with you about your property and contents and make adjustments to your policy limits from time to time as necessary.

Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm. Condominium insurance policies cover your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo association agreement.

If you have special valuable items such as jewelry, art, antiques or collectibles, ask about our Valuable Articles option which provides broader coverage and no deductible in the event of a covered loss.

Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.

The Right Coverage. The Right Price. The Right Value The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.