6035 Northwest Highway, Suite 207
Chicago, Illinois 60631
If you have tangible assets, you need the protection of a homeowners insurance policy. These policies cover you in a home or an apartment, whether you are an owner or a renter. A well-written homeowners policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured at your home. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Riordan Insurance Group can help you find the home insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing. Depending on where you live – a house, apartment, or condominium – the right Chicago area home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings.
The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way — unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.
Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
Chicago area homeowner insurance policies differ by which losses are covered, which coverage(s) you choose, and what type of residence you own.
You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses. Whether you’re a home or condo owner, a renter, or a landlord, we will work with you to find a Chicago area home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.Your home insurance policy is most often made up of the specific options you choose. How much you'll pay for your policy depends on: Options you select - Often home owner insurance options are priced individually, so how much you'll pay for your policy depends on what coverage(s) you buy. How much you want to cover - Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss. Where you set your limits - You may choose to set higher limits than the recommended amount if appropriate to your situation and needs. Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.
The amount you pay for your home owners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.
Property coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.
Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.
Medical Coverage covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.
If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses (commonly for up to 24 months) while damage is assessed and your home is repaired or rebuilt.
Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings.
All homeowners policies we write come with dwelling protection and personal liability as well as additional living expenses and belongings coverage in case of a covered loss. Many of our customers also need extended or specialized home insurance coverage. Available options include:
- Flood insurance
- Earthquake insurance
- High-value home insurance
- Vacation home or seasonal home coverage
- Vacant home insurance
- Landlords insurance
- Rental home coverage
- Scheduled personal property riders
- Personal umbrella coverage
Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.
We write insurance and would be happy to help you ensure you have the right home insurance coverage.