Category: Home Insurance

Do you own a home in the Sioux Falls, SD area? If you do, you already know it is one of the most beautiful places to live. At Wilcoxon Insurance Inc., we are proud to serve homeowners, renters, travelers, and businesses with quality insurance services. Here are a few common questions about homeowner’s insurance:

Home Insurance FAQs in South Dakota

• How much homeowner’s insurance is required in South Dakota? Legally, you do not have to have homeowner’s insurance if you own your home outright. If you have a mortgage, your mortgage company likely requires enough coverage to cover the remaining cost of the loan. Although it is not a legal requirement, it is an affordable way to protect your family’s assets.
• Is my home covered in the event of a flood? Typically, homeowner’s insurance does not cover flood damage. This is why adding flood coverage is a good idea if you live in an area with any risk. There are various affordable options to protect your home from the unique risks that may be in your area.
• How much coverage do I need? If you have a mortgage, you need at least enough coverage to cover the cost of your home. If you do not have a mortgage, then each situation is unique, but we will be happy to discuss your coverage needs, so you have the exact protection you need.

Wilcoxon Insurance Inc. serves Sioux Falls, SD with friendly and efficient service. If you have any questions about homeowners insurance, give us a call, and we will be happy to make it as easy as possible for you to get the coverage you need.

Sioux Falls, SD is a beautiful place to live. If you own a home here or are currently purchasing one, having a homeowner’s policy is a smart idea. In fact, it’s mandatory to have a policy if you mortgage your home. This is how the bank protects their investment. Even if you own your home outright, it’s still a good idea to secure a homeowner’s policy. You never know when something might happen, such as a fire, theft, or a liability accident. Are you ready to get started? Then read on to learn how to easily and affordably secure a homeowner’s insurance policy.

1. Compare Quotes

You’ll want to compare several quotes before choosing the right one. This is a good time to ask questions, take notes, and compare coverage vs. cost. A reputable agent from Wilcoxon Insurance Inc. can help you with this task. We recommend comparing three to five quotes to really understand the differences in coverage and cost. Remember that flood insurance is not included in a standard homeowner’s policy, so you may want to ask your insurance agent about this.

2. Bundle Policies

One way to save on your premiums is to bundle your homeowner’s policy with your other insurance policies. Consider bundling your auto, life, and any other policies you have. Then take that savings and add umbrella insurance to be protected to the maximum.

3. Work with a Reputable Agent

The reputable agents at Wilcoxon Insurance Inc. are standing by to answer all your questions about homeowner’s insurance. They will help you compare quotes and bundle your policies. To learn more, contact one of our friendly agents serving Sioux Falls, SD today.

Owning a home in Sioux Falls, SD is something people aspire to accomplish. Homeownership is part of the American dream. When you own a home, you will need to carry home insurance if you have a mortgage to protect the lender’s investment in your home. Your home insurance also offers you, as the homeowner, lots of protection in the form of personal property and liability. But many things can go wrong with your home and it may not be covered by home insurance. It is crucial you know what these things are. At Wilcoxon Insurance, Inc., we use our years of experience to make your insurance experience positive and productive and give you the facts you need to make an educated decision.

Many of the things that can go wrong with your home are the result of neglect. Mold, mildew, termites, and rodent infestations are all not covered. If you fail to replace your roof and it causes wood rot, this is not included. If your sewer backs up into your house or a sump pump fails, you are out of luck. If a sinkhole appears in your yard or under your home, it is not covered. Hurricane damage may be cover but always check, and floods and earthquakes are not included in your coverage.

Reading your policy is one of the most important things that you can do to make sure you have all the coverage you need. Just because something is excluded from your policy doesn’t mean that you can’t get an endorsement to give you the coverage you need. Talking to the team at Wilcoxon Insurance, Inc. in Sioux Falls, SD can make all the difference when it comes to getting all the coverage you deserve. Give the office a call to make an appointment today.