Is your home properly insured for fire season?

Things to be mindful of regarding your homeowners fire insurance coverage.

Fire insurance is a type of property insurance that protects individuals and businesses from the financial and other consequences of fire-related incidents. It can help cover the costs of repairs, replacements, and reconstructions, as well as lost income and employee medical care. We met up with Tim Powlison from Farmers Insurance to dive into specifics on fire insurance policies. He is a highly sought after agent here in the Rogue Valley. Tim truly understands the importance of insurance but more importantly he is truly an agent who cares. Tim recommends these three questions to ask your insurance agent.

Lets dive in.

1. Understanding your home insurance coverage is crucial, especially in the event of a total loss. Many policies offer extended replacement cost options, providing additional coverage beyond the standard amount—typically expressed as 125%, 150%, or even unlimited. Review your policy to know your exact coverage.
2. Ensure your separate structures coverage meets your needs; default coverage often amounts to 10% of your dwelling coverage. This not only includes detached structures like shops but also built-in features like pools, sidewalks, fencing, and driveways. If your coverage seems insufficient, contact your agent to adjust it accordingly.
3. Consider whether your personal property is covered by replacement cost or Actual Cash Value (ACV). While ACV policies are cheaper, they only reimburse based on the depreciated value of items. Replacement cost coverage, however, allows for full replacement of damaged items at current market prices

In some areas, obtaining fire insurance has become challenging due to fire line scores. If you’re struggling to find coverage, reach out to me. I work with six reputable companies and can assist you in exploring options. As a last resort, the Oregon Fair Plan provides fire coverage for homes.

Tim Powlison

For expert guidance on understanding and selecting the right insurance policy, contact Tim Powlison. With a commitment to personalized service and extensive industry knowledge, Tim ensures you fully comprehend your coverage details and receive the support you need. Selecting an insurance policy hinges on the scope of coverage available. During the claims process, the competence of your agent is crucial. Tim possesses both the expertise and compassion required in insurance matters. Unlike agents who view clients impersonally, Tim prioritizes building personal connections. He devotes ample time to thoroughly elucidate all aspects of your coverage, ensuring clarity even with intricate policy details. For further inquiries or clarifications about your policy terms, contacting Tim is strongly recommended. Agents Matter!

Tim Powlison

[email protected]

541-772-4041. You can also find more information at the Farmers webpage.