Illinois Homeowners Insurance

Whether you own a house, condominium or
townhouse, for most people their home is their most
important investment. The Todd Baker Insurance
Agency of Bloomingdale, IL offers Illinois homeowners
insurance policies that have flexibility to meet your
individual needs and above all, provide you with the
security that comes only from the knowledge that your
home is safe.

Insurance for your home is one of the most popular and
important forms of personal insurance and the typical
Illinois Homeowners Insurance policy has two main
sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you in
case of lawsuits arising from things that happen on
your property)

Homeowners insurance is often required by lenders to
obtain a mortgage and nearly everyone, whether you
own or lease property, should have the protection of
homeowners insurance.

Illinois Homeowners Insurance FAQ

Click on the link below to fill out a secure quote request form for an Illinois
Homeowners Insurance policy that will provide excellent insurance coverage
at an affordable cost. Or you can speak with our Illinois Homeowners
Insurance specialist at (630) 582-3332 to discuss the features.

Click here to fill out an

Illinois Homeowners Insurance

policy quote request form

We are a Bloomingdale, IL insurance agency offering affordable Illinois homeowners insurance
policy premiums in the following cities and counties: Chicago, Oak Lawn, Englewood,
Calumet Park, Roseland, Landsing, Dolton, Calumet City, South Holland, Riverdale,
Glenwood, Chicago Heights, South Shore, Burnham, Oak Forest, Bedford Park, Hazel Crest,
Alsip, Palos Hills, South Chicago Heights, Orland Park, St. Charles, Geneva, Batavia, Lafox,
Orland Hills, Elburn, Mooseheart, De Kalb, Virgil, Maple Park, Burlington, Kaneville, Cortland,
Sycamore, Hampshire, Big Rock, Hinckley, Wasco, Lily Lake, Valley View, South Elgin,
Wayne, Aurora, Naperville, Montgomery, Warrenville, Moecherville, Winfield, Wheaton, Carol
Stream, Bartlett, Streamwood, Glen Ellyn, Lisle, Glendale Heights, Hanover Park, Elgin,
Ontarioville, Keeneyville, Arlington Heights, Medinah, Roselle, Schaumberg, Hoffman Estates,
Carpentersville, Udina, Huntley, Gilberts, West Dundee, Barrington, Cary, Palatine, Lake
Zurich, Wauconda, Inverness, Deer Park, Kildeer, Long Grove, Lake Forest, Hawthorn
Woods, Forest Lake, Lincolnshire, Bannockburn, Del Mar Woods, Gurnee, Libertyville,
Vernon Hills, South Barrington, Crystal Lake, Mettawa, Aptakisic, Prairie View, Elk Grove
Village, Itasca, Addison, Lombard, West Chicago, Villa Park, Elmhurst, Oak Brook, Highland
Hills, Downers Grove, Woodridge, Bolingbrook, Darien, Oswego, Yorkville, Sugar Grove,
Joliet, Romeoville, Algonquin, Buffalo Grove, Roling Meadows, Mount Prospect, Des Plaines,
Bensenville, Homer Glen, La Grange, Northbrook, Skokie, Evanston, Cicero, Berwyn,
Burbank, Waukegan, Mundelein, Deerfield, North Chicago, Newark, Sheridan, Morris, Ottawa,
Sandwich, Serena, Waterman, Rochelle, Marengo, Dupage County, Kendall County, Will
County, Lake County, Kane County, and Cook County, IL. We also offer Illinois homeowners
insurance services throughout the prairie state, including in Moline, Rockford, Peoria,
Springfield, Bloomington, Decatur, and Champaign.

Personal Liability in Illinois Homeowners Insurance

Personal liability in an Illinois homeowners insurance policy is also an important
part of having security from accidents that may occur on your property. We
suggest you choose coverage limits that are not less than those on other liability
insurance you own, such as car insurance.

Illinois Homeowners Insurance Policy FAQ

Click on the link below to fill out a secure quote request form for an Illinois
Homeowners Insurance policy that will provide excellent insurance coverage at
an affordable cost. Or you can speak with our Illinois Homeowners Insurance
agent specialist at (630) 582-3332 to discuss the features.

Click here to fill out an

Illinois Homeowners Insurance

policy quote request form

Replacement Cost or Actual Cash Value Option in a
Illinois Homeowners Insurance Policy

Covered losses under an Illinois homeowners insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is
used, the policy owner is entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive for it. If you choose
the "replacement cost" coverage, the Illinois homeowners insurance policy will
reinburse the amount it costs to replace the property with something of a similar type
and quality at current prices.

All Risks or Named Perils in Illinois Homeowners Insurance

An "All Risks" policy provides the broadest Illinois homeowners insurance protection
because it will cover losses that are due to any peril except those specifically excluded
in the policy. A "Named Perils" policy covers losses that are due to only those perils
listed in the standard Illinois Homeowners Insurance policy and typically include fire, hail,
windstorm, and other physical losses.

Illinois Homeowners Insurance Policy FAQ

Click here to fill out an

Illinois Homeowners Insurance

policy quote request form

Coinsurance Penalty in Illinois Homeowners Insurance

If your policy limit is less than 80% of the replacement cost of your home, you will
face a "coinsurance penalty," which means you'll have out-of-pocket expenses to
cover costs beyond the policy deductible you chose. For example purposes we will
assume your home's estimated replacement value (RCV) is $100,000. The co-
insurance clause requires you carry at least $80,000 (80% of your RCV). If you
chose to purchase only a $40,000 Illinois Homeowners Insurance policy you would
be underinsured by half. Therefore, in the example the insurance company would
pay one-half of a loss less the policy deductible, so if you suffered a $10,000
covered loss to your house, condominium or townhouse and had a $500
deductible, your policy would only pay $4,500.

Illinois Homeowners Insurance Policy FAQ

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

Illinois Homeowners Insurance Policy FAQ

Replacement Cost or Actual Cash Value

All Risks or Named Perils

Coinsurance Penalty

Personal Liability