Mendoza Insurance
Residential Insurance
If you own a home, condo or rent, you need Homeowner’s or Renter’s insurance. It provides financial protection to both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. A standard homeowner’s insurance policy includes four essential types of coverage. They include:
1. The structure of your house
This part of your policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in your policy. When purchasing coverage for the structure of your home, it is important to buy enough to rebuild your home.
Most standard policies also cover structures that are detached from your home such as a garage, tool shed or gazebo. Generally, these structures are covered for about 10% of the amount of insurance you have on the structure of your home. If you need more coverage, talk to your insurance agent about purchasing more insurance.
2. Your personal belongings
Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disaster.
This part of your policy includes off-premises coverage. This means that your belongings are covered anywhere in the world.
Expensive items like jewelry, furs and silverware are covered, but there are usually dollar limits if they are stolen. To insure these items to their full value, purchase a floater and insure the item for its appraised value. And there is no deductible.
3. Liability protection
Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. So, if your son, daughter or dog accidentally ruins your neighbor’s expensive rug, you are covered. However, if they destroy your rug, you are not covered.
The liability portion of your policy pays for both the cost of defending you in court and any court awards—up to the limit of your policy. You are also covered not just in your home, but anywhere in the world.
Liability limits generally start at about $100,000. However, experts recommend that you purchase at least $300,000 worth of protection. Some people feel more comfortable with even more coverage. Your policy also provides no-fault medical coverage. In the event a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. This way, expenses are paid without a liability claim being filed against you. You can generally get $1,000 to $5,000 worth of this coverage.
4. Additional living expenses
This pays the additional costs of living away from home if you can’t live there due to damage from a fire, storm or other insured disaster. It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company. Many policies provide coverage for about 20% of the insurance on your house. You can increase this coverage, however, for an additional premium. Some companies sell a policy that provides an unlimited amount of loss-of-use coverage, but for a limited amount of time.
If you rent out part of your house, this coverage also reimburses you for the rent that you would have collected from your tenant if your home had not been destroyed.
Other coverage’s available are:
Flood Insurance
Chances are, if you live in a flood plain, you should, and may even be required, to have Flood insurance as part of your Homeowners policy. As part of the National Flood Insurance Program, you are able to purchase protection, against flood damages, in most areas.
Identity Shield
In the unfortunate event that your good name falls into bad hands, having Farmers Identity Shield offers a solution to what may become a high-priority problem. Contact me to find out more about this attractive industry-leading coverage.
Mobile and Manufactured Homes
So your home isn’t a traditional “stick built” on a foundation. That doesn’t mean that you don’t need Homeowners insurance. We insure a variety of home types. From mobile to manufactured, to multi-sectional to modular, and more, we can make sure that your home is protected.
Personal Umbrella Liability Coverage
An umbrella, exactly what it says, shelters us from a great deal of losses. Given today’s litigious society, we could stand to lose a lot if we end up in a lawsuit. A Personal Umbrella Policy serves to shelter you from losses or loopholes in coverage.
Specialty Homeowners
We provide a variety of Homeowner Coverage options for providing protection for the following types of specialty properties: older and lower value homes, landlord properties, homes with minor cosmetic problems, homes with market value below replacement cost, and more.
Travel Trailers
Taking your home on the road? Whether you have a fifth-wheel, travel trailer, pop-up or truck-mounted camper, we have coverage to make sure that your home away from home is protected.
About Mendoza Insurance
Frank Mendoza Insurance Agency offers a combined 40 years of insurance knowledge to make sure your insurance plan is right for you. Your lifestyle and your financial situation are not the same as anyone else's and because everyone's insurance needs are different, we make every effort to specialize your insurance program to you as an individual.
Since we provide a range of products from automobile insurance to health coverage we can offer you the security of being protected when you need it most.
Personalized service is what we specialize in. Read more
Contact Us
1108 Sheridan Avenue
Chico, CA 95926
(530) 895-1086
(530) 894-6166 Fax