Your Home Insurance Coverage Options
Whether you’re a home or condo owner, a renter, or a landlord, Safeco offers insurance to fit your needs, and help in choosing the insurance coverage that gives you the best value for the best price.
Choosing Policy Options
Your policy is comprised of the options you select, so how much you'll pay for your policy depends on:
- What you buy. Coverages are priced individually, so how much you'll pay for your policy depends on how many coverages you buy. You can also consider an umbrella insurance policy that extends your coverage.
- How much each will cover. Deductibles lower the premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would need to pay the first $500 of the covered loss. Higher deductibles generally lower your premium, but increase the amount you must pay if a loss occurs.
- Limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
The amount you pay for your homeowners insurance depends on many factors. Following the suggestions listed below may help you lower your costs.
- Insure multiple policies with Safeco. Insuring both your auto and home with Safeco qualifies you for a discount on both insurance policies.
- Proximity to fire stations or installtion of burglar alarms can reduce your insurance costs.
Homeowners will want the following types of coverage for their homes.
Protection for Your Home
Property or Dwelling Coverage
This typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
Protection for You and Other People
Personal Liability Coverage
This applies if someone is injured or their property is damaged and you are to blame. The coverage 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, Safeco will pay additional living expenses—typically for up to 24 months—while damage is assessed and your home is repaired or rebuilt.
Protection for your belongings
Personal Property Insurance
Your home is filled with furniture, clothes, sports equipment and other items that mean a lot to you. This helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
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.
If You’re a Landlord
We help landlords relax. You can’t be with your rental 24 hours a day, but your landlord protection insurance can. We understand the special challenges of protecting both your property and your own liability. Safeco Landlord Protection™ Insurance gives you choices when purchasing the coverage you need.
- Safeco's Landlord Protection coverage is designed for landlords of tenant-occupied, 1- to 4-unit dwellings.
- Safeco offers optional liability coverage for the risks posed by tenant-occupied dwellings. Safeco’s Landlord Protection liability 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.
- Providing only the level of coverage you need lowers your cost.
- Extended dwelling coverage will automatically cover up to 25% above the amount for which your dwelling is insured in the event a major or total loss exceeds your coverage.
It’s important to know that Landlord Protection insurance is meant to cover accidental loss, not routine maintenance.
