Chances are, your home is your single largest investment. It’s also one of your most important insurance considerations. We’ll work closely with you to make sure you have the coverage you need – at a price you can live with.
Generally, homeowners insurance provides protection against the financial consequences of personal losses, including physical damage to your home and your personal property. Homeowner policies are available for different housing types, including:
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owner-occupied homes
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condominium units
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mobile homes
A homeowners
policy
is a combination of property and liability coverages and is tailored to meet your specific needs for protection and budget. Typical coverages include:
Property
Dwelling. Your coverage is based on the cost to replace your structure with similar quality materials and workmanship, which can be significantly different from the dwellings "market value" or the "assessed value."
Other Structures. This covers detached structures on your property such as a garage or storage shed.
Personal Property. This covers your personal belongings; Special limits may apply.
Loss of Use. This coverage pays for the additional living expenses - those above and beyond your normal living expenses - incurred if your dwelling is temporarily unusable because of a loss.
Liability
Bodily Injury and Property Damage. This provides coverage for personal loss exposure in the event a claim or suit is brought against you because of bodily injury or property damage.
Medical Payments. This coverage will pay the necessary medical expenses for accidents that result in bodily injury to another person, regardless of whether you are at fault or legally liable. Should you be legally liable, protection, including defense coverage, is provided by your Liability coverage.
Inland Marine Personal Articles Coverages. This is used to insure valuable personal property that often requires broader coverage than your homeowners insurance. This coverage “floats” or moves along with your property as it changes locations and is tailored to the specific type of property you are covering. The personal articles floater can be used to insure the following optional classes of personal property:
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jewelry
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furs
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fine arts
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cameras
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musical instruments
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silverware
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stamps and coin collection
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golfers equipment
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unusual or high-valued items and collectibles
All policies contain limitations and exclusions. This description is general in scope and the specific policy language must be referred to in actual determination of coverage. Please consult your account advisor with questions.
Turner Barker Insurance is a subsidiary of Gorham Savings Bank.
Insurance products are offered through Turner Barker Insurance.
Product offerings and insurance sold are not deposit obligations of, nor
guaranteed by the Bank and are not covered by Federal Deposit Insurance.
