home insurance
in indiana

home insurance 
in indiana

Malhotra & Assoc. Insurance Has You Covered

Indiana's Homeowner Insurance Experts

The team at Malhotra & Assoc. Insurance stands ready to help you find quotes for your Indiana home insurance. As a local independent insurance agency, we provide expert guidance to homeowners and take great pride in being able to help source the most comprehensive coverage at the best rates.

We offer honest advice, affordable prices, and a truly personalized service.

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Indiana Home insurance

Frequently Asked Questions About Indiana Home Isurance

When it comes to home insurance in Indiana, we tend to get the same questions often.

Should I Buy Homeowner Insurance if I Lease a Property?

Yes, you should buy renters insurance if you lease a property. Although it’s likely your landlord will have insurance for the property, they will not have coverage for your contents. Always check your contract to make sure you know what is and is not covered.

Should I Buy Home Insurance if I Live in a Shared Accommodation?

Yes. Similar to renters insurance, you are responsible for covering your personal belongings. If there is a group policy for all renters, then make sure you are named on the policy and that any high-value items, such as laptops and bikes, are specified in the coverage.

Get Homeowners Insurance Quotes from Malhotra & Assoc.

Buying the best homeowner’s insurance is easy with Malhotra & Assoc. Insurance. We’ll make sure you get the best deal for comprehensive homeowner coverage for your property and your contents. As a local insurance agency in Indiana, our team is proud to work with some of the best insurance companies. We will find the right policy for your needs, your property, and your budget. Call us today or visit one of our locations!

Homeowner Insurance Quotes in Indiana

Whether your home insurance is due for renewal or you’re looking to move and need insurance quotes for an Indiana property, our friendly team works hard to make sure you get the right level of coverage for your individual needs.

For comprehensive homeowner insurance, renters insurance, condo insurance, and more, we will make sure you get the best options for your property and its contents.

We work with many of the leading insurers on behalf of our clients, and we look forward to helping you get access to “the best” Indiana home insurance quotes quickly and easily.

What is the Best Type of Coverage to Buy for a Property in Indiana?

Most mortgage companies will insist you buy homeowners insurance for your property. However, this usually only covers the essential liabilities, and as you can appreciate, there are many other eventualities you may need to plan for. The vast majority of homeowner’s insurance policies will include coverage for fire, windstorms, falling objects, fire and smoke, and some water damage coverage too.

Please note that any water damage cover that comes with a homeowner’s insurance policy in Indiana will typically only give you protection for water damage caused by an HVAC system. However, there is an option to buy additional coverage in the form of a policy rider.

What Types of Homeowners Insurance Can You Buy?

There are many options for buying homeowners’ insurance, with eight main varieties to choose from, not all of which will be relevant to your property—these range between HO1-HO8. The most popular type of coverage for homeowners in Indiana is HO3.

This gives you the below coverage for your property.

Dwelling

This relates to the physical structure of your dwelling. HO3 is often referred to as an all-risk policy that covers all perils unless they are listed as an exclusion.

Personal Property

This covers loss and damage of your personal belongings for the same perils as covered in your core policy. If you wish to insure high-value items or items while they are outside of your home, then you might need to pay more for this additional coverage.

Liability

If someone in your household causes damage to another person or their property, this will usually be covered by liability coverage on your home insurance policy.

Additional Living Expenses

This is also known as ‘loss of use’ or ‘ALE’ and represents any extra living expenses you might need to pay for should you be unable to live in your property while repairs are underway.

We understand there is a lot of information to take on board when looking into buying home insurance for your property. Our team of Indiana insurance experts can help you explore the best options and obtain quotes from the best home insurance companies on your behalf. We’ll make sure you understand exactly what is and isn’t included so that you have all of the information you need to make an informed choice.

How Much Does Homeowner Insurance Cost in Indiana?

The average cost of buying homeowner insurance in Indiana is $1186.

The cost of buying insurance coverage for your property in Indiana will depend on the value and amount of homeowner claims across the state. Aside from this, the value of your property, along with any belongings, will also help determine the cost of a policy.

More Frequently Asked Questions about Indiana Home Insurance

How Much Renter’s Insurance Do You Need to Buy?

Your landlord or estate agent will usually request a specific dollar amount of coverage in your contract. For your personal belongings, you should buy enough coverage to replace the items in your property.

Make sure you understand the difference between actual cash value coverage and replacement cost coverage options. The actual cash value will only pay out the equivalent amount for what the contents are worth on the market on the present-day, which is why actual cash value coverage will cost less. Although replacement cost coverage will cost more, it can prevent you from having to find money to replace your old items.

What is the Difference Between Renters and Condo Insurance?

Renters insurance will cover the content inside a leased property. It is mildly similar to homeowner insurance, with the main exception being that it will not cover the physical property. When requested, it can also give you coverage for named items that are taken outside of the property. On the other hand, Condo insurance is designed to cover any personal effects and liabilities, but it will not cover the condo’s exterior structure.

Contact Us Today for an Indiana Home Insurance Quote

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