- Introduction
- How Much Coverage Do You Need?
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Umbrella Policies
Whether you are in the process of purchasing a home or considering changing insurance agents or companies, there is one major decision you will have to make: "How much insurance do I need?" Your lender, for example, requires homeowner's insurance on your property with coverage only equal to the current outstanding balance of your loan. The lender is just looking to protect its investment in your property in the event of a total loss.
IMPORTANT NOTE: Homeowners' Insurance, like the Personal Automobile Policy, is a controlled class of insurance. That means that each state determines what coverages should be included in a policy form. The forms are substantially similar from state to state and from company to company within each state. Individual insurance companies may decide to offer enhancements to the mandatory requirements.
The information presented here is based upon a typical policy. Check with your insurance agent, as coverage may vary within your state or between insurance companies doing business where you reside.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
