Homeowners Insurance

Looking after your home doesn’t just mean locking doors and covering windows. A responsible homeowner knows that a tailored insurance policy is essential for financial security and worry-free living. At Cornerstone Insurance Services, we are committed to delivering quality coverage options for the residents of Swea City and Estherville, Iowa.

Understanding Home Insurance

Home insurance is a contractual policy that offers financial protection against the financial risks of owning a home, such as accidents, theft or liability issues. This typically includes coverages for:

• Personal liability coverage may help pay for third-party injuries or property damage caused by you or other listed parties on your policy. It may also help cover guest injuries that occur on your property.
• Personal property coverage may help cover the cost of repairing or replacing belongings like furniture and electronics from damage or theft.
• Additional living expenses coverage may help cover temporary living costs if your home is uninhabitable due to a covered peril.
• Dwelling coverage may help pay for repairs or rebuilding of your home’s structure following a covered loss.

The 80% Rule in Home Insurance

There are certain concepts a homeowner should be aware of when acquiring insurance. The 80% rule is a critical concept in home insurance that requires homeowners to insure their property for at least 80% of its replacement cost. This ensures that, in the event of a covered loss, you may receive sufficient funds to rebuild or repair your home without incurring significant out-of-pocket expenses. Not meeting this requirement can result in reduced claim payments, leaving you financially vulnerable.

Get Insured Today

Contact Cornerstone Insurance Services today to discuss your coverage options and get a personalized quote.