HOME OWNERS INSURANCE -
Frequently Asked Questions

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Insurance is a very competitive business and the price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the insurance company from which you purchase your policy. Schultheis Insurance understands this and wants to help consumers make educated and cost-effective decisions regarding insurance coverage. Below you will find a list of the most commonly asked questions regarding Home Insurace. If you don't find an answer to your question below, please contact us and one of our agents will be happy to assist you.

What type of policy do I need?
The homeowner policy is a legal contract that provides insurance protection on the house itself and on any detached structures on the residence premises (not used for business purposes) against all risks of direct physical loss not specifically excluded in the policy. It also provides coverage for household and personal belongings contained in that house against certain specified named perils (such as fire or theft).

How much coverage is needed?
For those who own and occupy their home, it is always best to try and insure your home for the full replacement value (the amount of money it would take to rebuild the home using current labor and material costs) as opposed to its current market value (the amount of money a reasonable, prudent individual would pay to buy your home). You can check with contractor's in your area to determine your house's replacement value, or you can get a professional appraisal. Remember that you only need to insure value of your house and not the land on which it is built