Home Insurance 101: What Every Married Couple in Hershey, PA Should Know

Buying a home is one of the most significant milestones in a married couple's life. As you settle down in the sweet town of Hershey, PA, it's crucial to safeguard your investment and secure your future with a comprehensive home insurance policy. Understanding the basics of home insurance is essential to protect your new abode and loved ones from unexpected events. In this guide, we'll walk you through the key aspects of home insurance that every couple in Hershey should know.

1. Importance of Home Insurance

Home insurance is designed to protect your property and belongings from various perils, such as fire, theft, vandalism, and natural disasters like storms and floods. As you build a life together in Hershey, having a robust insurance policy can offer financial security and peace of mind in the face of unforeseen events.

2. Coverage Options

When choosing a home insurance policy, it's essential to understand the different coverage options available. The most common types of coverage include:

• Dwelling Coverage: This protects the structure of your home, including walls, roof, and foundation, against covered perils.
• Personal Property Coverage: This covers your belongings, such as furniture, appliances, and electronics, in case of damage or theft.
• Liability Coverage: If someone is injured on your property and decides to sue, liability coverage helps with legal expenses and potential settlements.
• Additional Living Expenses (ALE) Coverage: If your home becomes uninhabitable due to a covered event, ALE coverage helps with temporary living expenses.

3. Policy Types

There are several policy types to consider:

• ​HO-3: This is the most common policy, covering your home and personal belongings against all perils, except those specifically excluded in the policy.
• HO-5: This policy offers more comprehensive coverage, protecting your personal belongings against all perils, except those listed as exclusions.
• HO-6: Geared towards condo owners, this policy covers personal property and improvements made within the unit.
• HO-4: Designed for renters, this policy protects personal belongings without covering the structure itself.

4. Factors Affecting Premiums

Insurance companies determine your premium based on various factors, including the location of your home, its age, construction materials, proximity to fire stations, and crime rates in the area. 

5. Bundling Policies

Consider bundling your home insurance with other policies like auto insurance to qualify for discounts. Many insurers offer significant savings when you combine multiple policies under one plan.

6. Reviewing and Updating Policies

​As life changes, so do your insurance needs. It's essential to review and update your home insurance policy regularly. Major life events such as marriage, having children, or renovating your home can impact your coverage requirements.

Investing in the right home insurance policy is a crucial step towards securing your dreams in Hershey, PA. By understanding the coverage options, policy types, and money-saving tips, you and your spouse can protect your home and loved ones from life's uncertainties. Embrace the sweetness of Hershey with confidence, knowing that you've taken the necessary steps to safeguard your future.

Ready to learn the ins and outs of homeowners insurance? At Elevated Insurance Group, we're here to guide you through Homeowners Insurance 101. Protect your home and your peace of mind with the right coverage. Have questions or need a personalized insurance quote? Call us today at 717-500-1978. Let's make sure your home is safeguarded for whatever comes your way."