Home Insurance Policy Options

Your home is one of the biggest investments you will make in your lifetime. At Peterson Insurance, we provide peace of mind with the best home insurance policy options for you and your family to cover unforeseen disasters that could impact your home and personal property.
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Homeowners Insurance PA Residents Have Trusted for 20+ Years

If you’re looking for today’s best PA home insurance policies all in one place, Peterson Insurance, located in Havertown, PA, is here to help. As Delaware County’s trusted team of independent home insurance agents, we make it simple to find the right homeowners insurance policy that fits your needs, and always at the best price.

Independent Home Insurance Agents That Put Your Needs First!

As an independent, local home insurance agency, our hands are not tied to offering just one company. Instead, we are appointed with several ‘A’ rated insurance providers and can shop your policy around to offer the very best home insurance policies that cover everything you need and nothing you don’t.

We know your time is valuable, and the task of calling and comparing multiple PA home insurance policies can quickly become daunting. With just one call to Peterson Insurance, we’ll get to work comparing the best home insurance policies for your needs and explaining the coverage choices so you can make an informed decision. This way, you can get back to what really matters while we handle the rest.

The Benefits of a Local Home Insurance Agent

As a local independent insurance agent, we are able to make the process of finding the best home insurance policy quick and easy. The best part is that we are just an email or phone call away and we are always easy to communicate with. No waiting on hold with a 1-800 number! We also understand that your home insurance needs can change over time with different life events. That’s why in addition to home insurance policies, we proudly offer PA renters insurance, condo insurance, flood insurance, personal umbrella insurance, and homeowners insurance for mobile homes. We are appointed with several preferred insurance companies, including Erie Insurance, so we have carriers that specialize in each type of insurance to give you the best coverage at today’s most competitive prices. With the local insurance agents at Peterson Insurance on your team, protecting your home sweet home–whether you are there for now or forever–has never been easier!

Call Peterson Insurance for Your FREE Home Insurance Quote Today!

Aside from offering today’s most competitive homeowner’s insurance in PA, Peterson Insurance is proud to serve Delaware County and the surrounding areas with exceptional auto, life, and business insurance policies. Click or call to get your FREE home insurance quote or to speak directly with one of our local home insurance agents to get started today!

Homeowners insurance is a type of insurance purchased by homeowners to protect themselves financially in the event of legal liability or property damage caused by covered perils such as falling trees, windstorms, theft, vandalism, fires, burst water pipes and more. Examples of liability claims may include a dog bite, slip and fall, injury, or death at the residence premise. Some companies personal liability coverage on a home policy also extends off of the residence premises for family members.

Home insurance is the same as Homeowner's insurance, a type of insurance purchased by homeowners to protect themselves financially in the event of a covered claim arising due to legal liability or property damage. Homeowner's insurance also typically covers personal belongings for things like furniture, clothing, and possessions, in addition to property coverage for the physical home itself.

There is no difference between home insurance vs. homeowner's insurance.

While the law does not require homeowners to carry home insurance, mortgage lenders generally do. If you are uncertain, it is best to check with your mortgage lender to confirm.

While private mortgage insurance (PMI) set by your mortgage lender can be included in your mortgage escrow (does not apply to everyone), general homeowner's insurance is not included in a mortgage, but rather paid monthly or annually like auto insurance. However, your mortgage company will typically give you the option to set your home insurance payment plan to be 'paid by escrow'. This means that you can have your mortgage company pay your homeowner's insurance bill each year and in return it comes out monthly from your mortgage escrow account.

According to NerdWallet, the average cost of home insurance in 2022 is about $1787/year. However, there are many factors that go into determining price and this average varies by state. Some companies will run a soft hit to your credit or insurance score and they also factor in the size and condition of your house along with your state and zip code and several other factors.

While homeowner's insurance is not required by law, you will likely need a home insurance policy if you plan to finance your home through a mortgage lender. Having homeowner's insurance is a smart idea for any homeowner in the event of natural disasters, house fires, theft or vandalism, unforeseen and unavoidable accidents, or in the event someone is hurt on your property and decides to sue you, or requires medical attention.

Yes, a standard homeowners insurance policy typically offers both property and liability protection for you and your home. It also typically covers other structures on your property besides your home like garages, sheds, and fences. It can also cover personal belongings within the home and those other structures, along with loss of use coverage (should you be displaced from your home temporarily due to a claim).

Mortgage insurance is not the same as homeowner's insurance. Mortgage insurance is an insurance set by your mortgage lender that compensates the lender if a homeowner were to default on their mortgage.

In order to buy a property, the property's title record must be "clean," meaning, free from unresolved claims on the property. Title insurance is a type of insurance designed to protect homebuyers and mortgage lenders from financial loss caused by a defective property title. Typically, lenders require the borrower to purchase lender's title insurance, ensuring the lender is protected financially in the event there is an issue with the title.

The answer to this can vary greatly by state and also by company. It is best to work with a local agent such as Peterson Insurance to review what each company's policy is offering and what it is excluding. Furthermore, a lot of carriers exclude some things like flood, earthquake, sinkhole, and some high valued items coverage but you can choose to add these coverages by endorsement or with a separate policy like Flood insurance. In general, however, most homeowner's insurance policies will not cover general wear and tear, risky items such as trampolines (unless they have a net or you get prior underwriting approval), or damage due to negligence. A standard home insurance policy typically excludes insect, bird, or rodent damage, mold or rot, or smoke damage. Additional insurance policies like flood and additional endorsements like siding and roof restoration, underground service line coverage, and sewer and drain backup coverage can be purchased to help cover other claims a standard home insurance plan won't otherwise cover.

Loss of use in home insurance is a coverage type initiated when a covered loss causes a home to become inhabitable. Loss of use coverage pays for any additional cost incurred for housing and living expenses while your existing home is being rebuilt or repaired due to the homeowner's insurance claim.

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Peterson Insurance Services provides the following types of Home Insurance Protection:

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