When we talk about personal lines products, it’s usually about where you live, protecting you from property loss from fire and other intruders and protecting you from the consequences of liability. We have policies for homeowners, coverage specifically for mobile homeowners, and a dwelling fire policy if the structure trumps contents. And, just to make sure damages from personal injury and property damage aren’t too much to handle, LVI can give you an umbrella policy that will keep you afloat financially.

Just about everyone has a home to pay for, and LVI recognizes that you need to protect this major asset and personal belongings contained therein. 

There are some 71 million people in this country who own their own homes, according to 2010 Census data and insurance protection is a necessity, if not a requirement. Roughly 70 percent of those homeowners are still making a monthly mortgage payment, at the same time paying for loss and liability protection.

Homes historically increase in value, making them a critical investment, and those prized possessions they contain accumulate over the years. LVI covers your home by offering varied choices in homeowners’ insurance.

The elemental equation for homeowners’ insurance is coverage at an affordable price plus knowing you’ll receive at least the financial equivalent of its value in the wake of a devastating loss. You can ease the emotional hardship with coverage options like defraying living expenses and transitional housing for you and your family. Not all homeowners require the same level of coverage, and LVI understands that there are special considerations. For instance, rural homeowners in older homes have been traditionally underserved by insurers because of perceived higher risk of less responsive fire and police protection.

Licensed independent insurance agents with intimate knowledge of their communities and neighbors are instrumental in working with LVI and its underwriting team to construct a policy you can afford while allowing you to withstand loss, damage, theft or legal action. The key protections in an LVI homeowners’ policy are:

• damage to your home

• damage to other structures on your property

• damage to personal property

• additional living expenses

But it is more than the wording and numbers on the policy. It is also about the familiar face of the independent agent, working with an assigned LVI underwriter or claims adjuster, to resolve claims fairly and efficiently.

Most dwelling fire insurance coverage pertains to property loss and damage only, but personal liability may be added at additional cost to cover injury to individuals and damage to premises. This is supplemental coverage offered without regard for occupancy.


Mobile Homeowners Turn to LVI…


Mobile homes comprise a rather small slice of the total housing units in the United States at 6.6 percent, according to Census stats, but they are nonetheless a significant market that LVI does not ignore.

Pride of ownership is taken into account when insuring quality mobile homes, and most policies offered include property and liability coverage regardless of the age of the home or the estimated cost of replacement. The types and amounts of coverage under our mobile homeowners’ insurance are varied with multiple points of comparison.

Liability coverage provided by a mobile homeowners’ policy helps pay for damages incurred by incidents on the covered property and the personal activities of the policyholder.


…and We’ll Give You an Umbrella


LVI’s personal umbrella insurance is there to help pay for net losses resulting from personal injury and property damage. The activities that caused the damage must be personal in nature, not business related. This umbrella liability coverage is supplemental to primary liability under homeowners’ insurance.

This is above and beyond the retained limit stated in the primary policy, specifically the ultimate net loss the policyholder is required to pay as damages to completely satisfy a settlement. It supplements in cases where primary coverage is not required, typically the so-called deductible that must be paid for the policy to take effect.

For more information or service, contact a local agent by using our agent locator to find one near you.

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Did You Know?

Andrew Castaldi, a natural hazard expert for Swiss Re, says, "Despite 2013 being a relatively quiet year, we expect insured losses on average to continue to grow at a pace of doubling every 10 years."  Castaldi continued, "Overall, we were pretty lucky, especially in the United States, but we should never lose sight of how devastating these events can be."