When you visit Com-Co Insurance Agency Inc. serving Mount Prospect, IL for home insurance, you may experience a little surprise to find out how many types of home insurance exist. The policy you purchase depends on the type of home you own.

Home insurance describes a category of insurance that includes homeowners, condo, renters, mobile homes, historical homes, and dwelling insurance.

Let’s take the obvious first. If you purchased a condo, you’d need a condo insurance policy. That type of home insurance covers "from the walls in" of your condo, meaning that it covers the interior of your condo and its balcony or patio. Condo insurance covers physical, structural damage, liability, and personal property damage.

Mobile home insurance covers only your mobile home with physical, structural damage, liability, and personal property damage. If you operate a home-based business, you’ll need to add a home business endorsement to any home policy.

A homeowners’ insurance policy covers a home you own for the same types of coverage as mobile home coverage. It does so for an increased amount, though. You can determine the number of perils you want this policy type to cover. Typically, these range from 10 to 16 or all perils coverage.

Historical home coverage falls within the category of homeowners’ insurance. Only the homeowner can purchase it. It covers the home for fewer perils but increases home replacement value.

Dwelling insurance, too, qualifies as homeowners’ insurance, but landlords can purchase it. It doesn’t cover personal property since the renters’ insurance policy does that. It only covers liability in the home’s public areas, such as the yard and front walkway.

Only an individual renting a residence can purchase a renters’ insurance policy. It covers none of the structure of the building but does fully cover the renter’s personal property and liability.

Contact Com-Co Insurance Agency Inc. serving Mount Prospect, IL for the home insurance policy that best serves your needs.

Mount Prospect, IL area residents have long turned to Com-Co Insurance Agency Inc. for their insurance needs. If your home is underinsured, or you want to make sure you have the right coverage, give us a call today.

The right insurance for your home

Like most Americans, your home is probably the most significant financial investment you will make during your lifetime. Because of this, it is vital to make sure that you have the proper protection for your needs. Having the right insurance takes a little effort, but it is worth it.

Many people follow the guidelines set forth by their bank or lending institution and figure that those coverage parameters meet their needs. While your bank has a vested interest in protecting your homes, your needs are not always fully aligned with theirs. This can cause homeowners to be underinsured in certain situations.

A situation like the above example is why we advise our clients to review their insurance needs themselves and check their policies at least once a year to ensure that they continue to meet those needs. Your home policy should cover the catastrophic and liability needs that you have. And, if you have specific needs outside of what your primary policy covers, then it makes sense to add supplemental policies to your overall insurance bundle.

We want to work with you!

Com-Co Insurance Agency Inc is proud to serve the Mount Prospect, IL area, and we would welcome the opportunity to work with you too! If you have any insurance needs or concerns, you can turn to us. Give us a call today, or feel free to stop by our office to find out more.

Mount Prospect, IL homeowners can rely on Com-Co Insurance Agency Inc for their insurance needs. If you want to ensure that you have the protection you need, we can help! And, if you’re purchasing your first home, make sure you give us a call today!

Homeowner insurance facts

Many people are surprised to learn that there are no governmental requirements for home insurance. Most people have this type of coverage due to requirements set forth by their lenders. Because of this, many folks follow the guidelines set forth by their bank and don’t give it too much more thought.

While this approach is great for the bank, it doesn’t always ensure that the homeowner has the protection. If you want to make sure that your homeowner’s policy meets your needs, it’s time to sit down and take a closer look. One thing that may be missing is adequate coverage for your personal belongings.

The main purpose of home insurance is to protect your house, but it also needs to provide protection for your belongings. Don’t overlook this vital fact! As more and more people are working from home, they also have electronic equipment and devices for which they are responsible. Other items such as art and jewelry can also require additional coverage not included in your basic policy.

Now is a great time to take a closer look and make sure that your home, and your belongings, have all the protection they need!

Find out more today!

Com-Co Insurance Agency Inc is here for all residents in the Mount Prospect, IL area. If you have any questions relating to insurance, give us a call or stop by our office today!

As a homeowner, protecting your investment is a top priority. Your home is probably the biggest investment you will ever make. Most people believe that they are protected when they purchase home insurance. The truth is, you are protected but not from everything. Home policies have exclusions. At  Com-Co Insurance Agency Inc in Mount Prospect, IL, we want to make sure that you have all the coverage you want and need. 

Owner neglect

Your insurance carrier expects that you will maintain your home and property. That means replacing your roof when it gets old and leaks, getting insect or rodent treatment if your home is invaded by either. If you allow your home to become rundown and then expect your home insurance to pay for damages that result, you will be disappointed. 

Flooding

Flooding is a biggie and as the world warms up, more and more flooding occurs every year. A traditional home insurance policy does not pay for damage that results from flooding unless it is from a burst pipe in your home or your roof is damaged by a tornado or hurricane. Surface flooding isn’t covered but you can get a policy from the National Flood Insurance Program. 

Earth Movement

Quite a few different things come under the heading of earth movement including earthquakes, landslides, mudslides, and sinkholes. These are mostly not covered and you need to read your home insurance policy carefully. You can, however, get coverage for all of these things separately. 

Certain Dog Breeds

Some breeds of dogs are considered such a risk that your home insurance won’t cover them. If you are adding a new pet to the family, check with your agent about the breed so you won’t get an unpleasant surprise. 

In Mount Prospect, IL, you can count on Com-Co Insurance Agency Inc to help you to get the right home insurance for you and your home. 

Home insurance is one of the most important policies you can buy. In case a disaster strikes, there is a lot that needs protection in your home, from your loved ones to your assets. Your home is a critical investment, and Com-Co Insurance Agency Inc. serving Mount Prospect, IL has policies to help protect it.

FAQs about Home Insurance

The following frequently asked questions will help you understand home insurance coverage best.

Do I need home insurance?

Yes, homes are prone to property damage, accidents, and other liability risks. If you are sued, the case’s outcome doesn’t matter; you still have to pay for legal defense. In an accident or an injury caused by your property, the costs to defend the lawsuit could get very expensive. The policy helps minimize these expenses, and if you lose your home or the property is damaged, mortgage lenders require you to have home insurance.

What are the covered perils in home insurance?

Home insurances don’t cover everything, just certain things commonly called covered perils. They include theft and vandalism, hail and windstorms, fire, smoke, lightning, civil unrest, and car damages. It’s vital to confirm which perils your policy covers, as some common disasters like floods are usually expected from most coverages.

How do I choose a home insurance policy?

There are different home insurance policies, depending on your home, location, budget, neighborhood, and construction materials. Since all these and more factors count when formulating a home insurance plan suitable for you, it’s important to get professional advice and help.

Who dictates how much my assets are worth?

When getting home insurance, state laws dictate how losses are figured. The same insurance company can have varying rates in different states depending on the methods used. Other factors determining premium costs and reimbursement claims are the house location, features, and claims history.

Com-Co Insurance Agency Inc has been providing homeowners of Mount Prospect, IL, with home insurance policies. Contact us to get answers to any of your home insurance questions or concerns.

Making your home a safer place means different things to different people. It can mean making your home itself safer inside and out, or it could mean making your home safer from dangers that originate outside your home. Either way, everyone wants their home to be safe. In Mount Prospect, IL Com-Co Insurance Agency Inc is one of the largest and oldest independent agencies in the Chicago north shore area. With 80 years of experience, we know how to make sure our clients get the best insurance products for their needs. 

Clear the clutter

Clutter is a trip and fall hazard especially for the very young and the elderly. Try not to place things on stairways and hallways which have frequent traffic. Falls in the home are the most often occurring home accident. Take a look at each room in your home and remove things that present a trip and fall danger. 

Change the batteries

Smoke and carbon monoxide detectors make your home a safer place to live. In order to protect you, they have to be operating. Many people opt to use the change of times that happens in the fall and spring to remind them to change the batteries to make sure your detectors will be there when you need them. 

Use your locks

You have locks on your windows and on your doors. Locks are designed to keep you safe, They can only do that if you use them. A thief or home invader will always prefer not to have to break in, don’t let your home be an easy target. 

Clean your chimney

If you use your fireplace, it is important that you get your chimney cleaned yearly. Fires in the home are a serious safety hazard. 

Give Com-Co Insurance Agency Inc in Mount Prospect, IL a call for all your home insurance needs. 

It’s never a bad idea to tell your home insurance agent about your new pet moving into your Mount Prospect, IL home. Not all pets will affect your relationship with your home insurance provider, but some will, and it’s better to be safe than sorry.

That said, the main concern here is dogs. Your home insurer probably doesn’t care about your hamster or your parrot, or any caged animal, for that matter. Cats are a fairly minor concern. But a dog can easily rack up thousands of dollars in liability with a single bite.

You will actually want to consult with your insurance provider before getting a new dog. Some insurance companies won’t actually cover certain breeds, and it’s better if you know that beforehand rather than wind up having your insurance policy canceled because you adopted the wrong breed.

We can debate the fairness of these policies, of course. But the fact is that insurance companies have to make the call based on statistical probability, and the statistics say that some breeds are involved in more dog bite cases than others. Your pit bull might be a sweetheart, but that proves to not be the case often enough that your insurer might prefer not to take the risk. Insurance companies have to operate on the cold, hard data they have available to them, rather than on a case-by-case basis.

If you have any questions or if you are looking to get covered in Mount Prospect, IL, call Com-Co Insurance Agency Inc or visit the Com-Co Insurance Agency Inc contact page to see about getting a policy that covers your home and all the four-legged friends who live there.

Mount Prospect, IL boosts friendly people and an abundance of living options offering a splendid environment to settle down. Whether you are a homeowner or choose to purchase a home in Mount Prospect, IL it’s vital to protect your home with a spectacular home insurance policy. Com-Co Insurance Agency Inc provides reliable and proper home insurance matching your needs and budget that cater to losses emanating from damage, water backup, theft, among other perils.

Mount Prospect, IL faces many challenges throughout the year, such as frozen pipes, snow, and ice dams, propagated by harsh winters. During the summer season, hail and thunderstorms can unexpectedly damage property. We at Com-Co Insurance Agency Inc comprehends the needs of Mount Prospect, IL homeowners and provides customized homeowners policy to fit your specific needs.

Statistics reveal that 15% of land in Illinois is subject to flooding. It’s imperative as a Mount Prospect, IL resident to know that home insurance does not cover damage arising from flooding. Visit us today at Com-Co Insurance Agency Inc offices situated at Mount Prospect, IL, and speak to our knowledgeable agents. They will help you to obtain an outstanding home insurance policy meeting your situation.

Types of necessary home insurance policies offered at Com-Co Insurance Agency Inc

Dwelling coverage: It protects the structure of your home, inclusive of floors, walls, ceilings, and in-built appliances. This policy is the basis of all homeowners insurance policies, which covers a variety of calamities, including vandalism, fire theft, and hail.

Contents coverage: It protects items, including clothing and furniture, in your home.

Personal liability: Covers property damage and bodily injury if a guest sustains an injury in your home or elsewhere.

Other structures insurance: This form of policy covers un-attached property to your home, such as an unattached garage, gazebo, or shed.

Congratulations on owning a home in Mount Prospect, IL. Contact us or visit our Com-Co Insurance Agency Inc offices for more information about home insurance.

If you’re a homeowner, you may be wondering why you should have to shell out for home insurance on top of everything else you’ve already invested in your property. After all, a good house shouldn’t have any issues, right? Not quite — the truth is that many of the issues plaguing today’s homeowners are highly unpredictable, and they vary greatly both severity and type. That’s why our team at Com-Co Insurance Agency Inc helps homeowners across the Mount Prospect, IL area determine what their particular home coverage needs are, then pair them up with a policy that fits!

There’s No Room for Worry with the Right Home Insurance Coverage

Home insurance is all about preventing you from having to pay out-of-pocket for unforeseen circumstances. Whether it’s a natural disaster or damage caused by a visitor to your home, there are a lot of different things that the right home policy can cover. In fact, for many people, home insurance can mean the difference between surviving a damaging event and being able to keep your home, or having to end up in severe debt and leave.

It’s worth noting that while home insurance is not legally required by the local jurisdiction in most areas, many mortgage agreements do make it mandatory. This is simply because your mortgage lender also wants the worry-relief that comes with a good home coverage policy.

How Do I Get Matched Up with a Policy?

Our experienced agents at Com-Co Insurance Agency Inc will sit down with you to go over the details of your home (property size and amount of rooms, ownership terms, people living there, any potential hazards or risks, etc.) Then, they will ask you what, if any, your particular concerns are about your property, as well as anything in specific you are looking for in a policy.

Getting Started

Looking for home insurance coverage in the Mount Prospect, IL area, or simply want to learn more about your options? Our insurance professionals are here to help. Shoot us a message or give us a call today!

Owning a home in Mount Prospect, IL comes with the usual worries. One thing you shouldn’t have to worry about is whether you have the right home insurance. Having the right insurance agent can make the whole process of home insurance buying much easier. Com-Co Insurance Agency Inc has been writing policies for more than 80 years, they value their customers and treat them the same way they would want to be treated. When you need to file a claim on your home insurance policy, you want to be confident it will all go well. Having an agent you trust and a home inventory can make it a much more pleasant process. 

After an event that has damaged or destroyed your home, you will need to provide your insurance carrier with a list of the items that you lost in the event. After something bad happens, you will find that you are not thinking as clearly as usual. Trying to picture what you had and actually writing it down may be beyond your capacity at that moment. Taking the time to make a home inventory before something bad happens can save you a lot of stress.  You can make a digital inventory or a written one supplemented with photos. You want to be able to verify what you had so attaching any receipts especially for larger ticket items is always a good idea. Then you should place the inventory in a safe place so it can be easily accessed if the need arises. 

Com-Co Insurance Agency Inc in Mount Prospect, IL doesn’t work for one insurance carrier, as independent agents, they are able to put their customer’s needs first. Why not give them a call to set up an appointment to discuss your home insurance needs. They will be happy to give you a free no-obligation quote.