Customized Insurance for Educators

Homeowners insurance helps cover your home and personal belongings in a covered loss. In general, homeowners insurance pays for damages and/or losses due to things like theft, fire, severe weather, and injuries due to an accident on your property.

Accidents happen and the weather’s outside of our control. Homeowners insurance is one way to help you prepare. If you own a home and value the things inside, make sure you’re protected with homeowners insurance. Some policies can also cover things like

• A hotel if your home is unlivable
• Roof repair
• Personal property replacement
• Drying out services, and more

With Liberty Mutual, the cost of your home insurance is customizable, so you only pay for what you need. Things that will typically impact the cost of home insurance include:

• The location of your home and the surrounding environment
• The type of weather your state experiences
• The age of your home and systems
• If you have recreational features, like a swimming pool or trampoline

• Injury to you or someone else
• Damage to someone else’s car
• Damaged property

• Where you live
• Your driving record
• How often you drive
• Cost to repair your vehicle
• If your car has safety issues

• Liberty Mutual customizes your insurance so you only pay for what you need
• You could save $950 on auto and home when you bundle your insurance policies*
• We’ve been helping people like you protect what they love for more than 100 years
• We’re rated “A” (Excellent) financial by A.M. Best Company**

Location

Risks like extreme weather, crime rate, and distance to a fire station all can impact your rate.For example, you might pay more for waterfront property or if you’re located in an area prone to mud slides. Construction costs also vary by region, which is another factor that determines your homeowners rate.

Estimated replacement cost

This is different from the current tax assessment or market value of your home. This cost accounts for the actual cost to rebuild the structure of your home. For example, if your home is destroyed in a storm, how much would it cost to rebuild it? The actual cost is the replacement value. This amount includes materials, labor, inflation, and availability of building materials.

Age and condition

This is determined based on specific things like

• Building materials
• Age of the roof
• Renovation of home systems

For older homes, we also factor in whether the building materials are still available and their current market price.

Safety devices

Examples of safety devices can include

• Dead bolt locks
• Burglar alarms
• Smoke detectors

These and other home safety features can help you stay safe and lower the cost of your home insurance policy.

Your deductible

In short, the lower your deductible (what you pay out-of-pocket before coverage kicks in), the higher your premium (what you pay for insurance).