Home Insurance Lake Arthur Louisiana

Great Pricing, Coverage, and Service on Home Insurance in Lake Arthur.

When you need the best options for home insurance in Lake Arthur Louisiana the Jeff Davis Insurance Agency is one call or click away!

Call 337-824-4455 to speak with one of our courteous licensed agents during normal business hours or click on one of the links below for online quotes 24 hours per day:

Common Questions When Shopping for Lake Arthur Home Insurance: 

A common question we receive in our agency on a regular basis is why do I need to insure my home for replacement cost versus what I paid for it? (Market value)

It is a valid question. What if you get a really good deal on the house you buy or the housing market tanks?

The difference between the market value and replacement cost might be a significant amount.

Let’s consider a claims scenario to see how great the difference could prove to be. 

What is the Difference between Replacement Cost & Market Value?

Nelly know it all is buying a new Home on Elm Street she purchased at auction, the previous owner had lost the home due to a health related foreclosure.

Nelly is quite proud of herself because she purchased this home at around $70,000 lower than current market value and it’s ready to move in.

It’s a beautiful home and has every option she’s always wanted, Nelly simply can’t believe her good luck.

The loan officer explains that prior to closing Nelly needs to purchase home insurance so she speaks with several agents who want to insure Nelly’s new home for around $245,000.

Nelly has never been a big believer in insurance and thinks it is ridiculous to insure her home for $245,000 when she only paid $90,000!

The current market value is about $160,000 and to insure it for nearly $85,000 more than what the home is worth is irresponsible in Nelly’s opinion so she keeps on shopping around for an agent who is willing to insure the home for the market value of $160,000.

Six months after Nelly moved into her home and while she is at work her home catches on fire due to a short in her wiring.

The fire department arrives but the home is a total loss.

Nelly is devastated and she immediately contacts her insurance company to file a claim.

In our next article we will learn if it was a wise idea to insure her home at the market value versus replacement cost. Don’t miss this issue.

Great Rates on Home Insurance Lake Arthur Louisiana – One Call or Click Away! 

Jeff Davis Insurance is a leading independent agency in Lake Arthur and we can help you shop the market to find the best deal on insurance no matter what kind you need.

Call us today at 337-824-4455 or click any of the links below for online quotes 24 hours per day.

Home Insurance Welsh Louisiana – A Simple Call or Click Away!

House WelshShopping for insurance might be as exciting as watching paint dry on the walls… and for that reason the specialist the Jeff Davis Insurance make it simple and easy to shop for car or homeowners insurance in Welsh Louisiana and the surrounding areas.

You can speak with one of our licensed specialist by dialing 337-824-4455 or you can click either of the links below and receive online rate quotes in five minutes or less:

Jeff Davis Insurance has offered great rates and even better service for more than 50 years in Louisiana! 

Home Insurance Welsh Louisiana – Why Ruined Carpeting Was Covered With This Claim.

In our last article we discussed how The Special Home Insurance Coverage Form covered a claim whereas 2 young Picassos named Hannah and Olivia, both seven and twins, ruined their parent’s super expensive carpeting to the tune of nearly $5000 by spilling grape juice all over it.

Fortunately their Special Home Insurance Coverage Form covered the claim in full minus their deductible.

We also discussed how there are six different parts to the homeowner’s insurance policy:

Coverage A – Protects the structure of the home and any items that are permanently attached including wall to wall carpeting. So the carpeting that Hannah and Olivia ruined in their parent’s home would’ve been covered under Coverage A.

Under The Special Home Insurance Coverage Form all claim events are covered except for what is excluded in the policy under Coverage A.

Grape juice intentionally spilled by seven-year-old twin girls is not excluded therefore it was covered by mom and aunts policy!

As was mentioned in our last article this claim would not have been covered if it was the parents who intentionally spilled the grape juice as intentional damage caused to your home would not be covered by any policy.

So that leads us to discussing the final home insurance policy that may be available for purchase in your area. The HO5 home insurance policy. 

What Is the Difference between the Special Home Insurance Policy and the HO5?

The main difference between the Special Home Insurance Coverage Form and the HO5 is how claims are handled under Coverage C Personal Property.

Coverage C Personal Property includes all of your personal items. Your furniture, appliances that are not permanently attached to the home, clothing, electronics, etc. (All of your stuff with some limitations that we will consider in a future article)

For a claim to be covered under the Special Home Insurance Coverage Form Coverage C Personal Property, the claim event must be named in the policy.

You might recall from previous articles we discussed the Basic and Broad Home Coverage Form.

For something to be covered (speaking about Coverage A) it needed to be listed as a covered peril or claim event.

Well that’s exactly how the Special Home Form, sometimes referred to as an HO3 also works except for personal property. (Seems confusing doesn’t it?)

So here’s a question we will answer in our next post:

If Hannah and Olivia had splashed grape juice over an area carpet or rug and ruined it, would the parent’s home insurance policy covered that claim as they would have for wall-to-wall carpeting?

The answer may surprise you.  Don’t miss next week’s issue. 

Home Insurance Welsh Louisiana – Need Better Options?

If you need better options for homeowners insurance in Welsh Louisiana or the surrounding areas we can certainly help.

We have saved some policyholders more than $1000 per year for the same coverage!

Call us today at 337-824-4455 or click any of the links below and receive online rate quotes in five minutes or less 24 hours per day:

Home Insurance Crowley

Online Rates Quotes For Home Insurance Crowley Available 24 Hours.

Home Insurance CrowleyIf you need car or home insurance in Crowley Louisiana or the surrounding areas look no further than the Jeff Davis Insurance!

Our knowledgeable agents can help you find the right policy for a competitive price.

Call and speak to one of our agents at 337-824-4455 or click on Crowley Homeowners Insurance to begin your online quote today. 

Crowley Louisiana Homeowners Insurance – Falling Tree Limbs Covered?

In a previous article we discovered that Terrance had a large branch from his White Oak Tree smash through his roof causing significant damage.

Terrance was covered by a Broad Louisiana Homeowners Insurance Policy.

Will his insurance policy pay for the damage caused by the tree branch?

Fortunately the answer is yes!

A tree branch falling from a tree will be covered under the falling objects peril under his house insurance policy.

In addition, replacement cost coverage was available under the policy Terrance purchased and he will not have depreciation taken into consideration in his claim settlement as was true of Marcy’s loss settlement from a house fire under the Basic Home Policy Coverage Form she had bought to try to save money on her insurance.

(Please note that not all Broad Home Insurance Policies may include replacement cost coverage)

If you are not sure what type of policy you have purchased please call 337-824-4455 and we will review your coverage at no cost.

Next we will consider the Special Policy Form.

Crowley Louisiana Homeowners Insurance – What Is the Special Policy Form?

So far we have discussed the Basic and Broad Home Insurance Policy Coverage Forms. The Special Home Insurance Policy Coverage Form is superior compared to the Basic and Broad Homeowners Coverage Form as it does not list the perils covering the house itself.

Why is the Special Home Insurance Policy Coverage Form superior?

For a claim to be covered under the Basic and Broad Home Coverage Form it must be listed as one of the covered perils.

If a claim happens and it’s not listed as one of the named perils, coverage would be denied or excluded.

The Special Home Insurance Policy Coverage Form covers all claim events except for what is excluded.

So if a claim occurs and it is not excluded, under the Special Home Insurance Policy Coverage Form it would be covered, which is different from the Basic and Broad Home Insurance Coverage Form.

Therefore the Special Home Insurance Coverage Form is superior to the Basic and Broad Forms.

In our next article will consider a claim scenario to show the difference between the Special and Broad Policy Form. 

Crowley Louisiana Homeowners Insurance – Buy from the Specialists!

You can have confidence to trust Jeff Davis Insurance when you need car, home, or business insurance in Crowley Louisiana or the surrounding areas.

We have served the insurance needs of thousands of policyholders for over 50 years in the area.

It’s always important to review your home insurance protection. The worst time to learn something is not covered is after the claim has already occurred.

Call and speak to one of our agents at 337-824-4455 to request a homeowner’s insurance review or click on Crowley Homeowners Insurance to start an online rate quote today.

Home Insurance in Lake Charles

real estate agent BE uid 1355507If you’re looking for the best options on car or homeowners insurance in Lake Charles Louisiana and the surrounding areas you have found the right company!

Call 337-824-4455 or click on House Insurance Lake Charles for instant online rate quote on home or car insurance.

Full Service + Better Options + One Agency – Jeff Davis Insurance Can Handle All of Your Insurance in Lake Charles Louisiana!

It’s often not possible to have both your car and homeowners insurance with the same Insurance company in Louisiana.

Jeff Davis Insurance Can Help Your With All of Your Insurance Needs!

As a full service independent insurance agency Jeff Davis Insurance represents a large number of top rated companies offering Car, Boat, Motorcycle, Business, Life and Home insurance in Lake Charles.

You can call our office at 337-824-4455 during normal business hours or you can receive online rate quotes 24 hours per day in five minutes or less when you click on this link: Homeowners Insurance Lake Charles.

Why Are My Home Insurance Rates Going Up And What Can I Do about It?

This is a question many policyholders may be asking; especially if you have noticed that your home premiums have increased once again.

If you did receive a fairly large rate increase on your homeowners insurance in Lake Charles, call us at 337-824-4455 or click on Home insurance quotes to receive an online rate quote.

Jeff Davis Insurance offers an Insurance shopping Service that is guaranteed to help you keep your insurance premiums low for life.

This is a very important service, especially for those shopping for homeowners insurance in Lake Charles and the surrounding areas.  Prices for homeowners insurance in our area are the second highest in the entire country!

We Can Help You Save Money on Lake Charles Home Insurance!

The principal reason why we are the best place to begin shopping for home insurance in Lake Charles is based on the large number of companies we represent.

Independent insurance agents in Lake Charles are not restricted in offering homeowners insurance with only one company as is true of some of our competitors.

More choices equal better options when shopping for home insurance in Lake Charles and the surrounding areas!

Call 337-824-4455 and Speak to Jeff Davis Insurance Today for the Best Insurance Options. 

Or for an online rate quote in 5 minutes or less click on Home Insurance Lake Charles.