Washington Homeowners Insurance

Washington Homeowners Insurance Information

Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. The Fletcher Agency of
Spokane, WA offers Washington 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
Washington 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
Washington homeowners insurance.

Click on the link below to fill out a secure quote request
form for a Washington Homeowners Insurance policy
that will provide excellent insurance coverage at an
affordable cost. Or you can speak with our Washington
Homeowners Insurance agent specialist at

(509) 324-6311 to discuss the policy features in more
detail.

Click here to fill out a

Washington Homeowners Insurance

policy quote request form

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

Covered losses under a Washington 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 Washington homeowners insurance
policy will reinburse the amount it costs to replace the property with something of a
similar type and quality at current prices.

Washington Homeowners Insurance Policy FAQ

Click here to fill out a

Washington Homeowners Insurance

policy quote request form

We are a Spokane, WA insurance agency offering more affordable Washington
homeowners insurance policy coverage in the following towns, cities and
counties in Washington state: Opportunity, Millwood, Dishman, Seven Mile,
Veradale, Spokane Valley, Trentwood, Pasadena Park, Glenrose, Country
Homes, Greenacres, Newman Lake, Otis Orchards, Airway Heights, Mead,
Colbert, Buckeye, Chattaroy, Milan, Deer Park, Elk, Clayton, Tumtum, Long
Lake, Ford, Deep Creek, Reardan, Four Lakes, Medical Lake, Espanola,
Marshall, Tyler, Cheney, Vallyford, Spangle, Plaza, Mica, Freeman, Manito,
Fairfield, Waverly, Rockford, Whitman County, Pend Oreille County, Lincoln
County, Stevens County, and Spokane County, WA. We can also offer lower
cost Washington homeowners insurance coverage services throughout the
state of Washington.

Washington Homeowners Insurance FAQ

All Risks or Named Perils in Washington Homeowners Insurance

An "All Risks" policy provides the broadest Washington 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 Washington Homeowners
Insurance policy and typically include fire, hail, windstorm, and other physical
losses.

Washington Homeowners Insurance Policy FAQ

Click here to fill out a

Washington Homeowners Insurance

policy quote request form

Coinsurance Penalty in Washington 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 Washington 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.

Washington Homeowners Insurance Policy FAQ

Personal Liability in Washington Homeowners Insurance

Personal liability in a Washington 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.

Click on the link below to fill out a secure quote request form for a Washington
Homeowners Insurance policy that will provide excellent insurance coverage at
an affordable cost. Or you can speak with our Spokane County, Washington
Homeowners Insurance agent specialist at (509) 324-6311 to discuss the policy
features in more detail.

Click here to fill out a

Washington Homeowners Insurance

policy quote request form

**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