Property Insurance

Protecting Your Investment

The Independent Insurance Agents at Spurlock Insurance Agency pride ourselves on selling Peace of Mind. We understand our customers are looking for the best value for the money.

Money Saving Tips

• Smoke alarms.   For your family's safety, get them. We provide discounts for smoke alarms.
• Higher deductibles. If you choose a $500 or higher deductible, more savings are available.
• Delete unneeded coverage. Cancel endorsements for items that no longer apply, such as jewelry, or a business in the home that are no longer in operation.
• Central station alarms. Fire and burglary alarm systems that automatically dial a central station can provide both good security and a significant premium savings.
• Combine home and auto insurance in one company. Companies often offer a discount on the home and auto insurance or both when carried by the same insurer.

In addition to these money-saving tips, we look for discounts if you have fire extinguishers, deadbolt locks or a loss-free record.

Property Insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main ways - open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion and theft.

Spurlock Insurance will work with you to ensure that you understand your homeowners insurance policy, and that your category limits are adequate for your specific coverage needs.

Special coverage categories you may need to consider include:

• Cash in your home.
• Computers, and related media.
• Money, bullion, bank notes and coins.
• Boats & other water crafts.
• Jewelry
• Firearms
• Furs
• Rugs, tapestry, especially handwoven silk or wool articles.

Fire insurance coverage

There are three types of insurance coverage. Replacement cost pays the cost of replacing your property regardless of depreciation or appreciation. Extended replacement cost will pay over the coverage limit if the costs for construction have increased. This generally will not exceed 20% of the limit. Actual Cash Value provides replacement minus depreciation. When you obtain an insurance policy, the coverage limit established is the maximum amount the insurance company will pay out in case of loss of property. This amount will need to fluctuate if homes in your neighborhood are rising; the amount needs to be in step with the actual value of your home. In case of a fire, household content replacement is tabulated as a percentage of the value of the home. In case of high value items, the insurance company may ask to specifically cover these items separate from the other household contents. One last coverage option is to have alternative living arrangements included in a policy. If a fire leaves your home uninhabitable, the policy can help pay for a hotel or other living arrangements.

Renters insurance coverage

Your landlord insurances his property, not yours. Apartments are at risk for fires and the water damage that comes as a result of the fire department's extinguishers. Renters are at risk for losses that you could have no control over. Your property is worth protecting.

Renters may also want to purchase liability insurance. Fighting a law suit when your friend's friend trips over your cat or dog could turn into an expensive nightmare.

Spurlock Insurance Agency works as independent agents with numerous insurance agents - to provide our customers coverage options, at affordable rates. For a FREE estimate go to the Contact Us page now. One of our licensed and “Spurlock Trained” agents will contact you.