Wisconsin House Insurance FAQs

Frequently Asked Questions about Wisconsin House Insurance

• What is an Umbrella Policy?
  Umbrella policies are often added to homeowners insurance policies in order to increase coverage and reduce or eliminate liability for other issues that can happen on the property. Usually the policy applies to your auto as well, and serves as additional coverage beyond your regular insurance, in case the limits on your policy are not sufficient to cover an incident or accident.
• Is it Free to Get Quotes?
  Yes. You can use the services of this site at no charge. Quotes from various insurance agencies locally and around the country will be provided to you in order to give you the best opportunity to compare and shop for the best policy and rate for your insurance needs.
• What Determines the Policy Rate that I Get?
  Many factors that are determined by the underwriters of the insurance company will affect your rate such as the house location, its size, its current value, and your personal information will matter as well, such as whether or not you smoke or if you've filed any claims recently.
• What is "replacement" coverage?
  Replacement coverage means that if there is a loss, the insurance company will pay the cost to replace the item(s) at today's prices as opposed to depreciating the value of the item since you purchased it.
• Will House Insurance Pay Off the Mortgage
  No, not specifically. No matter what happens to your home, even if it is completely destroyed, you will be reimbursed with your claim, up to the value of the home, whether or not it covers your mortgage.
• Does My Insurance Cover Earthquakes?
  Generally you need to specifically request earthquake insurance, though in Wisconsin, it is not typically requested by homeowners.
• Will my Insurance Cover a Place to Stay if the Home Needs Repair
  This is one thing that you will want to check specifically with your insurance policy for. Some insurance policies include what is known as "loss of use", which will pay for your stay in a hotel or other lodgings, and some will not - you will have to request it specifically.
• Do Swimming Pools Increase my Policy Rate?
  Generally, swimming pools add a good amount of expense to an insurance policy. They are considered an "attractive nuisance" and don't add much value to the home. If you are considering buying a home, think twice about buying one with a pool, as it will almost definitely increase your insurance.