Home Insurance in Pennsylvania

Buying a home in the Bloomsburg, PA area can be a great long-term decision as it will ensure you have a stable place to live and will allow you to build equity over a long period of time. When you do own a property in Pennsylvania, it is important to fully consider your home insurance needs. A home insurance policy financially protects your home and your family with a combination of dwelling structure coverage, personal property and personal liability insurance. 

Required by Lender

One reason why you will need to have home insurance on your property is that it will be required by any lender that provides a mortgage. Virtually all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price) and won't make a loan or finance a residential real estate transaction without proof of it.  Some mortgage companies will then require that they are added as an additional insured and may have you escrow payments, too.  This will give the lender comfort that their collateral is covered in the event of a fire or other casualty.

Provides You with Liability Coverage

Homeowners take on liability risk any time someone visits them.  If they are hurt while in your home, or on your property, you may be found liable. Your home insurance policy will protect you against this risk.

Different Types of Homeowners Coverage

All insurance is definitely not created equal and there is no one-size-fits-all homeowners insurance policy. There are essentially three levels of homeowners insurance coverage: 

• Actual cash value - Actual cash value covers the cost of the house plus the value of your belongings after deducting depreciation (i.e., how much the items are currently worth, not how much you paid for them).
• Replacement cost - Replacement value policies cover the actual cash value of your home and possessions without the deduction for depreciation, so you would be able to repair or rebuild your home up to the original value.
• Guaranteed (or extended) replacement cost/value - The most comprehensive, this policy pays for whatever it costs to repair or rebuild your home—even if it's more than your policy limit. Certain insurers offer an extended replacement, meaning it offers more coverage than you purchased, but there is a ceiling; typically, it is 20% to 25% higher than the limit.  This policy takes into account inflation and other economic factors for a more realistic home value.

While homeowner's insurance covers most scenarios where a loss could occur, some events are typically excluded from policies, such as natural disasters or other "acts of God," and acts of war.

One agent. One application.  Many quotes. 

The Good Insurance Group, LLC is an independently owned and locally operated insurance agency located in Bloomsburg, PA, and certified to sell insurance throughout the state of Pennsylvania.

The Good Insurance Group, LLC is part of the largest alliance of Independent agents in the country.

• Access to 20+ National name brand carriers
• Instant quotes from multiple Insurance companies
• Discounts available for Safe Driving, Multi-policy, Claims Free, and more!

As an independent insurance agent, The Good Insurance Group, LLC does the legwork for you.  You do not need to search for hours looking for the best deals.  We know which insurers offer specific coverage types and this allows us to personalize your coverage based upon your specific need. 

The most important asset that you will ever own is your home. Because of this, it is important that you have an insurance professional to help you to find the right home insurance policy to protect it. One company that has continued to help people all over the Bloomsburg, PA area choose a quality home insurance policy is The Good Insurance Group LLC. When you contact the team at The Good Insurance Group LLC, you will receive help deciphering all of the confusing aspects of home insurance to make sure you get into a policy that adequately covers your Pennsylvania property.