Home insurance is one of the most important purchases you will make when you
purchase your new home, we recommend you do it with a licensed professional
from Liberty Mutual.
It's very important to have exactly the coverage that
will protect you and your prized possessions when that disaster hits. We all
know , no policy covers you for everything ,make sure you understand these
important coverages.
Royal Burritt a Senior Sales Representative with over
16years of experience at Liberty Mutual Insurance. A company that provides
it's self on excelling in customer service, with our 24 hour claims service.
We will be more then happy to show you how to SAVE money dealing directly
with one of Canada's largest direct writing insurance co.
Home Insurance Resources
You've come a long way since your first scrungy, subterranean apartment.
With hard work. And scrimping. And saving. You've achieved homeownership.
And now you can relax.
Or can you?
Absolutely. With our LibertyGuard� Deluxe Homeowners Insurance (our most
popular single-family home policy). A complete protection plan that can be
tailored to your lifestyle as well as your budget.
Should you have a loss, our service is personal, prompt and efficient.
In fact, through Liberty Mutual's Quick Check program, many claims can
be paid with a check on the spot.
Protection for Your Home
Liberty Mutual's homeowners insurance policies range from comprehensive coverages for your home to specific protection for valuable possessions.
A Liberty Mutual LibertyGuard� Deluxe Homeowners Policy includes these coverages:
Protecting Your Dwelling
Your residence is protected against direct physical loss except those exclusions specifically stated in your policy.
Covering Other Structures
Special physical loss protection is also provided for other structures located on your home premises such as a garage, tool shed or garden house.
Protecting Your Personal Property
"Named Peril" loss protection is provided for your personal property such as furniture, clothing, appliances, etc.
Guarding Loss of Use
Provides protection if a loss makes your home unusable.
Personal Liability Protection
You and your family are protected against claims by others for accidental bodily injury or damage to their property.
Medical Payments to Others
Pays for the necessary medical expenses incurred within three years of the date of an accident causing bodily injury (does not apply to you or regular residents of your household).
Discounts
We offer a variety of money-saving discounts (availability varies by state):
- Discounts for installing smoke/heat alarms
- Discounts for insuring your home to 90% or 100% of replacement cost
- New home discount
- Inflation protection discount
- Multi-policy discount
Claims Service
Should a loss occur, Liberty's Claim Service gives you prompt, efficient claims attention.
- 24-hour claims service
- Thousands of professional employees who provide prompt, efficient claims service
- On-the-spot claims checks for structural and personal property claims with our Quick Check Program
- Hassle-free replacement of many personal items with direct shipment to your residence and the invoice billed to Liberty Mutual
- An extensive network of approved contractors that can appraise the damage to your home and will honor Liberty Mutual estimates. If one of our approved contractors completes the repairs, we guarantee the quality of their work
As a Liberty policyholder, you'll receive many benefits and services beyond what other companies offer.
Here are some of the Special Services we offer our policyholders.
24-Hour Claims Service
Your local office is ready to serve you
during regular business hours and a toll-free number is available to
report accidents evenings and weekends.
Catastrophe Response Services
When severe storms hit, we are
prepared to respond with specialized Catastrophe Response Teams who are
immediately dispatched to the affected area.
Contractor Network Referral Program
We have an extensive network of
approved contractors that can appraise the damage to your home and will
honor Liberty Mutual estimates. If one of our approved contractors
completes the repairs, we guarantee the quality of their work.
Damage Mitigation Assistance
When a loss occurs to your dwelling, we
can arrange for emergency board-up or emergency cleanup services to
prevent further damage to the property.
Deductible Recovery
If another party was at fault for a loss, we
have dedicated units who aggressively pursue collection from the
responsible party's insurance carrier and prompt reimbursement of your
deductible.
Fraud Detection
We aggressively resist fraudulent claims that may be
brought against you. We work closely with the National Insurance Crime
Bureau and local law enforcement agencies to detect and deter
fraudulent claims.
Legal Services
We have an extensive network of lawyers throughout
the U.S. and Canada to protect your interests in the event you are sued
as a result of an accident.
Personal Property Replacement Services
We can provide hassle-free
replacement of many personal items with direct shipment to your
residence and the invoice billed to Liberty Mutual.
Quick Check Program
Our objective is to promptly estimate your
damage and issue a check on the spot.
Temporary Living Arrangements
If you are not able to stay in your
home after a loss, we can assist in finding temporary living
arrangements.
If something happens to your property or personal possessions,
there are things you can do to help us help you and make the
entire process smoother.
Before a Loss
1) Advance Preparation.
We recommend you create an inventory of all your personal
belongings before a loss occurs. If you suffer a loss, having
an inventory of all your property will speed in the resolution
of your claim and ensure that you have not overlooked any
damaged items. If you have access to a camcorder, we suggest
you make a video record of every room in your house or other
photographic documentation of your belongings. Of course,
both of these documents should be kept in a safe place that
is protected from fire or other types of loss.
2) Periodically review your coverage.
Discovering you are underinsured after a loss occurs can be
devastating.
Do you have any expensive items? Some items carry specific
limits and may need to be specifically insured. If you have
any questions, call your local sales office to review your
coverage.
3) Plan your escape route.
In an emergency, everyone must know what to do and act quickly.
Prepare an escape route and make sure everyone in your family
knows the plan and where to meet once out of the house.
If Something Happens�
1) Safety First. Your
family�s safety is the most important thing. In an emergency,
make sure everyone gets out of the house or to a safe place.
2) Call the authorities.
As soon as you determine that everyone is safe, call the Fire
Department or Police, if appropriate.
3) Call us. Use our claim
reporting number 1-800-713-7379 24-hours a day and leave the
rest to us. Our claims representatives can provide immediate
funds for temporary living and replacement clothing if necessary.
We will assist you in every phase of recovering from the loss.
4) Protect your property.
We can assist you with emergency repairs and other services,
to protect the property from further damages until repairs
can be completed.
Thank you for insuring with Liberty Mutual!
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Act of God
An unpreventable accident or event that is the result of natural
causes; for example, floods, earthquakes, or lightning.
Actual Cash Value
An amount equal to the replacement cost of lost or damaged property at
the time of loss, less depreciation.
Additional Insurance
Insurance that supplements an already existing policy. It is uncommon
that the company or its duly authorized agent allows additional
insurance.
Additional Living Expense
Any necessary increase in living expenses incurred by the insured, so
the household can maintain its normal standard of living.
Applicant
A person who fills out and signs a written application for insurance.
Application
A written statement by a prospective policyholder that gives the
information the company relies upon when evaluating the applicant and
issuing the policy.
Appraisal
A survey by a Liberty Mutual Claims Representative or Claims Appraiser
estimating the amount of damage to property and the cost to repair or
the determination of a complete loss.
Basic Limits
The lowest coverage amount, as prescribed by law or the company, for
which an insurance policy can be written. Basic Limits primarily
prescribe limits of liability.
Cancellation
Termination of an insurance contract before its expiration date by
either the insurance company or the policyholder.
Catastrophe
A sudden, severe disaster that causes a large loss.
Claim
A demand for payment under an insurance contract for the estimated or
actual amount of loss.
Conditions
Provisions that set forth the rights, duties, and responsibilities of
the parties to an insurance contract. Conditions may be found
anywhere in the contract.
Coinsurance Clause
A clause requiring the insured maintains insurance on the property at
least equal to a stipulated percentage of its value in order to
collect partial losses in full.
Damages
A sum of money that a party is legally obligated to pay to another as
compensation for injury.
Declarations
The part of the policy that provides detailed information about the
insured, the insurer, and the coverages.
Deductible
The amount of a claim that the policyholder has agreed to pay. This
amount is deducted from a claims payment.
Depreciation
A decrease in the value of any type of tangible property over time.
Effective Date
The date the coverage begins on an insurance contract (policy).
Endorsement
An amendment to your policy written especially to cover unique items just for you.
An endorsement is also a change to your policy that is made during the policy's term.
An endorsement is attached to your policy to modify the terms of the insurance contract.
Exclusion
Part of an insurance contract that excludes coverage of certain
perils, persons, property, or locations.
Expiration Date
The ending date of an insurance contract (policy).
Extended Coverage
A clause in an insurance policy or in an endorsement that provides
additional coverage for other hazards or risks than those provided
under the basic policy provisions.
Fire Insurance
Contract prescribed by each state insuring against direct loss by
fire, lightning, and other defined causes.
Flood Insurance
Coverage against damage caused by the rising or overflowing of bodies
of water. This is available through a national insurance program and
must be bought separately.
Hazard
Situation or condition that increases the possibility or extent of a
loss.
Homeowner's Policy
A form of package policy including fire and other perils, theft
insurance, and comprehensive personal liability. The premium is
stated as one amount.
Insurance Department
A state's department that has responsibility for the enforcement of
the state's insurance code. It is charged with the supervision and
licensing of insurance companies and agents and the general
administration of insurance laws of the state.
Insurance to Value
The amount of insurance written on property is approximately equal to
its value. An insured most always wants to insure all property to
value.
Insuring Agreements
Part of an insurance policy that states the coverage of the contract.
Insured
The person who is protected by the insurance policy.
Insurer
The company that issues a policy to a policyholder; the party in the
insurance contract that promises to pay losses and render services.
Liability Insurance
Liability insurance pays on behalf of the insured for certain types of
injury to others.
Limit of Liability
The maximum amount that an insurer agrees to pay in the case of loss
under policy contract.
Loss
A value reduction in an insured's property caused by an insured peril,
the amount sought in a claim, or the amount paid on behalf of an
insured under an insurance contract.
Loss Payable Clause
A policy condition that enables an insured to direct the company to
pay any loss that may be due to a third party.
Loss of Use Insurance
Compensation for loss caused because the policyholder has lost the use
of his property.
Mobile Home Insurance
A special policy designed to meet the needs of mobile home owners or
occupants, covering physical damage to the home, contents, and
personal liability while the home is used as a permanent residence.
Mortgagee Clause
A clause in an insurance policy that makes a claim jointly payable to
the policyholder and the party that holds a mortgage on the property.
Mutual Insurance Company
A company with no capital stock that is owned and controlled by
policyholders.
Named Insured
The individual or organization with whom an insurance contract is made
and who is specifically named as a Named Insured in the policy
declarations. Additional individuals or organizations can also be
added as named insureds.
Natural and Probable Consequences
Consequences of a given act that a reasonable person could foresee.
Non-Renewal
A policy that the insurer does not continue after its expiration date.
Occurrence
An accident or loss, including continuous or repeated exposure to
substantially the same general harmful conditions, that result in
bodily injury or property damage.
Partial Loss
A loss that does not completely destroy the insured property that is
covered by an insurance policy.
Payroll Deduction
The policyholder authorizes his or her employer to deduct amounts from
the employee's earnings to cover the premium.
Peril
The cause of a possible accident, loss, or claim.
Personal Inland Marine Insurance (Personal Articles Floater)
Worldwide coverage on an all risk basis for scheduled valuable
personal property.
Policy
A formal written contract of insurance.
Policyholder
The party to whom a policy is issued who agrees to pay a premium to an
insurer in consideration of the latter's promise to provide insurance
protection.
Premium
The amount that a policyholder agrees to pay to the insurance company
for an insurance policy.
Policy Anniversary
Date on which an insurance policy must be reinstated to remain in
force.
Protection
Coverage afforded by an insurance contract.
Premises
The building insured or containing the insured property. Depending on
policy conditions, it may also include an adjacent area.
Property Damage
Means physical injury to, destruction of, or loss of use of tangible
property.
Property Insurance
First party insurance of real and personal property against physical
loss or damage.
Rate
The cost of insurance per unit; used as a base for the determination
of premiums.
Real Property
The earth and all attached land and buildings, also known as real
estate.
Reinstatement
Returning a lapsed policy to its full value after its termination as
if it was never terminated.
Renewal
A policy issued to replace one that has expired.
Replacement Cost
Coverage for replacing property with new material; depreciation is not
taken into consideration.
Residence Employee
An employee of an insured whose duties are related to the maintenance
or use of the insured residence premises.
Residence Premises
Principal residence of the named insured.
Scheduled Property
Listing specific personal property for a stated insured value. This
is usually considered for valuable items that are subject to limited
coverage.
Tenants Policy
A form of homeowner policy sold to person(s) who rent their living
quarters.
Total Loss
Loss to the insured of the entire value of goods or other property
insured, or a loss entailing the payment of the full face amount of an
insurance contract.
Underwriting
A process that evaluates an applicant and their property against
pre-established criteria for insurability to determine whether the
applicant will be rejected or accepted for coverage and whether at
standard or modified rates.
E-mail: [email protected]
E-mail: [email protected]
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