4 Areas Covered By Home Insurance

You have worked hard enough to buy or build your home. Now with the hard part behind you, it’s time to think about securing your investment. Once you become a homeowner, home insurance becomes an investment you have to prioritize. If not sure where to start, you can talk to NCIB Group Inc., located in Chicago, IL.  

Chicago homeowners are faced with various risks. If you are safe from theft, fire, and vandalism, you might not be so lucky with natural disasters like hails, storms, and lightning. Instead of rolling the dice and hope that nothing terrible happens, it’s wise to purchase home insurance to protect your home. And when you go shopping for one, ensure that it covers the below areas.

The structure of your home

The dwelling coverage part of your homeowner’s insurance protects the building itself. Any damage to the roof, walls, floor, and foundation is covered up to your policy’s limit. However, typical home insurance doesn’t cover floods and earthquakes. To that end, you should double-check with your agent for separate policies.

Personal belongings

If your assets like furniture, electronics, and clothing suffer damage or loss from theft, vandalism, or fire, your home insurance compensates you for the loss up to your policy limit. To note, high-value items like jewelry, cash, and firearms may carry limited coverage from your home insurance. It’s wise to check with your agent to ensure you are sufficiently covered.


Home insurance doesn’t only cover the structure and your stuff. You can add liability coverage to protect you and your family from property damage and bodily injury caused to others. Lawsuits can become costly. Without liability insurance, your assets, including your home, can be at stake if you fail to pay the legal costs.

Additional living expenses

What would you do if your home is damaged and become uninhabitable? You probably would seek shelter in a hotel. And because hotels aren’t free, you incur accommodation and meal expenses. Thankfully, the additional living coverage pays for expenses incurred when staying away from your home.

Need more information on home insurance? Please contact NCIB Group Inc., located in Chicago, IL. Our staff will be more than happy to give you the answers that you need.

A Look At 5 Important Benefits Of Home Insurance

Based in Chicago, IL, NCIB Group Inc. serves the community by helping people find insurance coverage. For over 30 years, we have helped our clients find policies to take care of what matters most. We seek to establish long-lasting relationships.

Benefits of Home Insurance

Your home is one of your most important possessions. That’s why it’s important that you protect your investment by exploring the benefits of home insurance. Home insurance covers your property if it suffers damages and protects your personal items if they are stolen or vandalized. Here is a closer look at some key benefits of home insurance.

Protects Your Home During Natural Disasters

The weather in Chicago, IL can be unpredictable, especially during the winter. Home insurance covers your property if it is damaged due to severe weather or an accidental fire.

Covers Your Assets

All of your assets inside the home are covered if they are stolen or vandalized. It’s a good idea to take inventory of your personal items. That can assist you if something happens in the future.

Liability Coverage

Liability coverage is an important part of your home insurance policy. You will be protected if someone gets injured while visiting your property. You are also covered if you accidentally cause damage to someone else’s property. Liability coverage is an asset if you plan to have guests over to your home regularly or if you have pets.

Special Coverage

You can amend your policy to provide special coverage. You can add coverage to protect your luxury items, such as antiques, if they are stolen. You can also add coverage to protect structures such as your garage or shed if they are damaged.

Emergency Coverage

You will be covered if your home suffers serious damages, and you have to seek additional lodging elsewhere while your home is repaired.

NCIB Group Inc. Will Help You Protect Your Investment

For more information on home insurance, contact our office today!  

What is the benefit of getting a Chicago home insurance policy?

When you move to the Chicago, IL area, you will benefit significantly from an excellent local economy and access to plenty of recreational activities. Those that are in this area should consider purchasing their own home. If you do buy a property here, you need to make sure that you get a full home insurance policy. A Chicago home insurance policy can provide you with several significant benefits. 

Protection for Your Home 

The main reason that you should get a home insurance policy is that it will give you protection for your property. Your home is a vital asset that you should protect as well as you can. However, even diligent property owners could still experience damage from a fire or bad weather. Fortunately, you can get a home insurance policy that will provide you with the protection you need to repair or replace your home.

Gives Valued Liability Protection

Another reason that getting a home insurance policy is a good idea is that it will give you valued liability protection. Anyone that gets home insurance will receive a certain level of liability coverage. This will come in handy if someone is injured while in your home, and you are deemed responsible for damaged. During a situation that comes with a lot of damages, this could prove to be very valuable. 

Getting home insurance for your Chicago, IL property is very beneficial. When you are looking for a property here and need insurance, you should call the team at NCIB Group Inc. The team of insurance professionals at NCIB Group Inc. can help you to better assess your insurance needs to make sure that you get into a quality policy that offers you the right type and amount of coverage. 

Is it better to invest better to invest in a home mortgage or pay rent?

Being a homeowner is often a dream of every individual. For Some, this will be a project they will pay their entire lifetime. In Chicago, IL, you have two ways to achieve this, either through renting or buying. Homes are costly, and most individuals take up mortgages to finance this project.

Why You Should Take A Mortgage Rather Than Pay Rent

  • Only a small percentage of the total cost is paid upfront, which makes it easier to manage. It is, however, essential to ensure that you have the right insurance coverage for your home during the repayment period. A home insurance policy will protect you against financial losses that you may incur as a result of damage to the property. NCIB Group Inc. agents will advise you on what you need to be covered as you pay for your mortgage.
  • Investments are flexible. If you choose to take a mortgage, you can make investments in other areas. It is, however, essential to analyze your investments with NCIB Group Inc. agents who will be able to evaluate whether the investments made can be covered by your home insurance policy. A home insurance policy covers various personal assets, such as electronics.
  • Improved credit score

In Chicago, IL, it is essential for individuals taking a home mortgage to realize that any damage or loss of property during the mortgage period is their responsibility. Having an appropriate policy is crucial to avoid paying for an asset that is already damaged.

Advantages of Home Insurance When You Have A Mortgage

  • Your property is covered against damage from fire, storms, theft, and other hazards.
  • Home insurance will protect you against liability from legal suits. Where other individuals are injured within your property, you are likely to face legal lawsuits which the insurance company will cover.

Please call or visit our customer-centric NCIB Group Inc. agents to discuss your insurance needs for your new home.


Why No One Talks About Home Insurance Anymore

There’s a common misconception about home insurance. Everyone knows they need it, but not everyone knows why. Knowing why you need it will allow you to make some very necessary customizations. NCIB Group Inc. in Chicago, IL is here to help you with the details.

Not All Policies are the Same

Many homeowners feel as though they can buy a policy and be protected. It’s not that simple. The policy you buy may not be what you actually need. Not all policies are the same. They can vary based on:

  • The insurance company
  • Where you live
  • The type of home you have
  • What’s inside

The last thing you want is a generic policy. You need to think about how often you entertain for liability purposes. You need to look at the value of what’s inside your home. By considering these details, you can make sure that coverage is added where it matters the most, even if it means adding riders to the policy.

Coverage Levels Matter

Although people aren’t talking about home insurance anymore, it doesn’t mean that it’s not important. You don’t want to get a generic policy that isn’t going to provide you with the personalization that you need. Coverage levels over your home and liability matter. Insufficient coverage levels can lead to insurance claims being denied or not fully funded – and that means you may have to pay considerably more out-of-pocket than what you might be able to afford.

There’s no reason why you can’t be the one talking about home insurance. It might not be the coolest topic, but it can help you when a problem arises.

Call NCIB Group Inc. or visit our office in Chicago, IL to discuss your home insurance needs today. We’re here to answer your questions and get you quotes to help you with the decision-making process.