Oregon – As we approach the end of summer one of the most important things that any Oregon homeowner can do is to review their Oregon Homeowners Insurance Premium and make sure that they not only have the most affordable monthly premium available to them but also homeowners insurance that will cover them financially if a disaster were to strike, or someone was injured in their home.
How Much Homeowners Insurance Do you Need?
Every Oregon homeowner should have homeowners insurance that will pay them $250,000 to fully replace their single family home and their policy should have at least $300,000 worth of liability coverage as well.
A typical homeowner’s insurance policy should also have medical coverage deductible of $1,000 per individual, $500 deductible for replacing items that may have been damaged in the home and a $500 deductible for damage that occurs to the home.
Don’t Own Your Home? Get Renters Insurance
For those people who don’t own their own homes in Oregon it’s important to have renters insurance because, renters insurance will also protect the renter of a home if the home is destroyed.
A typical renter’s insurance policy can cover the renter with up to $30,000 or more in coverage and these policies are affordable and average between $15 to $50 per month, depending on carrier.
Be Prepared for Changing Weather
In Oregon we have seen a mix of thunder, lightning and flash floods recently that damaged and destroyed many homes across the state but thankfully with homeowners insurance or renters insurance the average Oregon Resident can be prepared for any natural disaster or the changing of the seasons.
If you need a homeowners or renters insurance quote, contact the Farnsworth Agency today by calling us at (541) 318-8835 or clicking here for an online quote.
We specialize in insurance and look forward to providing you with the best possible insurance for your needs including: car insurance, life insurance, RV insurance and more.