Affordable Homeowners Insurance

What Illinois Homeowners Insurance Covers

When you opt for Mercury Insurance for your home in Illinois, you'll discover several coverage options tailored to meet homeowners' specific needs and considerations in the Land of Lincoln. These include:

• Dwelling protection - This coverage can help pay for repair and replacement costs to your home’s physical structure if it’s damaged in a covered loss.
• Personal property - In the event of a covered loss, this coverage financially protects your belongings, from Southern antiques to modern electronics.
• Extended replacement cost - If rebuilding or replacement expenses from a covered loss exceed your policy's limits, this coverage helps extend your dwelling coverage up to a predetermined percentage.
• Additional living expenses - If a Southern storm or unforeseen event displaces you from your home, we'll cover your temporary relocation costs, such as hotel stays and meals.
• Personal liability protection - This coverage protects you from potential liabilities in your home, from backyard BBQ mishaps to unforeseen accidents.
• Guest medical protection - In the true spirit of Southern hospitality, if a guest gets injured on your property, we can help cover their medical expenses.
• Green Home - This helps cover an additional 10% to help repair or replace damaged items or materials with eco-friendly alternatives.
• Matching of undamaged siding and roofing - If a portion of your roof or siding is damaged and the original materials are unavailable, this coverage pays to replace the undamaged areas to ensure a consistent look.
• Limited hidden water, steam seepage, or leakage - This coverage helps repair water damage from concealed water leaks behind walls, floors, or household appliances.
• Refrigerated products - Considering Illinois's varying seasons, refrigerated products in your home can be at risk during power outages caused by storms. This coverage provides up to $1,000 in food items if your food spoils due to power loss or mechanical failure.

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What Factors Determine Your Homeowners Insurance Rate?

Insurance companies in the state assess various factors to determine individual risk profiles. These profiles play a significant role in determining the cost of home insurance. Generally, a higher risk profile is associated with higher insurance rates. Here are the key factors Illinois insurance companies consider when assessing your insurance rate:

• Age and condition — Older homes with outdated plumbing, electrical systems, or HVAC equipment typically cost more to insure compared to newer homes. The maintenance and updates of these homes can significantly impact your insurance rate.
• Replacement cost — In Illinois, a home’s replacement cost — i.e., construction materials and labor — can vary significantly between urban and rural areas, influencing your insurance rate.
• Location — If you reside in an area with a high crime rate or are susceptible to natural disasters, you can anticipate higher homeowners insurance costs.
• High-risk home features — Certain high-risk features in your home can raise your insurance rate. For example, swimming pools can increase your liability risk, while wood-burning stoves can heighten the potential for fire hazards.
• Credit history — Poor credit history may lead to higher insurance rates. Your credit score can significantly affect your ability to secure affordable homeowners insurance, making it important to maintain good credit.
• Dog breed — Owning a dog of an "aggressive breed,” such as a Rottweiler, German shepherd, or pit bull, could potentially raise your homeowners insurance rates. Insurance companies often consider these breeds higher risk due to potential liability concerns.