Home Insurance

Home Insurance for Terre Haute and Wabash Valley Homeowners

Crapo Insurance Agency provides personal attention to homeowners throughout Terre Haute and the Wabash Valley. Because every property and household is different, we take the time to explain the available coverage and help you understand how your policy is designed to protect you.

Whether you are buying a home, reviewing an existing policy, or looking for coverage after previous claims, we can help you compare available options from multiple insurance companies.

What Can Homeowners Insurance Protect?

A homeowners policy typically combines several types of protection within one policy. Exact coverage depends on the policy, insurer, limits, deductibles, exclusions, and endorsements you select.

Indiana's Department of Insurance recommends that homeowners understand both the value of their home and their personal property when determining appropriate coverage. Maintaining a household inventory can also make it easier to document belongings after a loss.

Choosing the Right Amount of Coverage

The amount you paid for your home is not necessarily the same as the amount it would cost to rebuild it after a major loss.

Construction costs, labor, materials, improvements, and changes to the property can affect replacement costs over time. That is why homeowners should periodically review their insurance rather than assuming that limits selected years ago are still appropriate.

We can help you review:

• dwelling limits
• personal-property protection
• deductibles
• liability limits
• additional structures
• optional endorsements
• valuable personal items
• other coverage needs specific to your household

A periodic review is particularly useful after renovations, additions, major purchases, or other changes to the property.

Protecting Valuable Personal Property

Standard homeowners policies may place special limits on certain categories of valuable property.

Depending on what you own, additional coverage may be appropriate for items such as jewelry, artwork, collectibles, musical instruments, or other valuable belongings. These items can sometimes be specifically scheduled or otherwise insured with additional coverage.

If you have property that may exceed standard policy limits, we can help you determine whether additional protection should be considered.

Homeowners Insurance and Water or Flood Damage

It is important to understand that not every type of water damage is treated the same way.

Certain sudden water losses may be covered depending on the circumstances and the policy, while flood damage is generally not covered by a standard homeowners policy. Sewer or drain backup can also require separate or additional coverage depending on the insurer.

Indiana's Department of Insurance specifically advises homeowners to understand these distinctions and discuss additional protection with their agent where appropriate.

If flood protection is a concern for your property, Crapo Insurance Agency can help you discuss the available options separately from your standard homeowners coverage.

Homeowners, Renters, and Condo Coverage

Different living arrangements require different types of property insurance.

Homeowners generally need protection for the building itself, personal belongings, liability, and other covered property exposures.

Renters generally do not insure the building they rent, but renters insurance can help protect their personal belongings and provide personal liability coverage.

Condo owners have different responsibilities because the condominium association may insure portions of the building while the unit owner remains responsible for other property, belongings, improvements, and liability.

The right policy should reflect the type of property you occupy and what you are responsible for insuring.

Coverage After Previous Claims

A prior homeowners claim does not necessarily mean you should stop looking for coverage options.

Crapo Insurance currently works with homeowners who have experienced recent claims and can review available insurance-company options based on the individual property and applicant.

Eligibility and pricing vary by insurer and circumstances, so coverage cannot be guaranteed, but an independent agency can help you investigate the options available to you.

Your Deductible Matters

Your deductible is the amount you generally agree to pay toward a covered property loss before policy benefits apply.

Different deductible choices can affect both what you pay after a loss and the cost of the policy. Rather than selecting a deductible based on premium alone, consider what amount you could reasonably absorb financially if a claim occurred.

We can explain the available deductible choices when comparing policies.

Keep Your Home Insurance Up to Date

Home insurance should not simply be purchased and forgotten.

It is worth reviewing your policy when you:

• buy or sell a home
• complete a renovation or addition
• replace a roof or other major component
• acquire valuable personal property
• add an outbuilding
• change how the property is occupied
• have not reviewed your coverage in several years

The Indiana Department of Insurance recommends regularly reviewing homeowners protection as construction and replacement costs change.

Flexible Payment Options

Crapo Insurance currently offers several payment arrangements depending on the policy and insurance company, including:

• Monthly
• Quarterly
• Semi-annual
• Annual

Available payment methods may include debit card, credit card, electronic check, or check by phone, depending upon the insurer and policy.

Talk With a Local Independent Agent

If you need homeowners insurance in Terre Haute or the surrounding Wabash Valley, Crapo Insurance Agency can help you compare available policies and better understand the protection you are purchasing.