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New Hampshire Homeowners Insurance
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(also Maine)
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Whether you own a house, condominium, townhouse,
or mobile home, for most people their home is their most important investment. Gorman Insurance offers New Hampshire homeowners insurance policies that have flexibility to meet your individual needs and above all, provide you with the security that comes only from the knowledge that your home is safe. |
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Insurance for your home is one of the most popular
and important forms of personal insurance and the typical New Hampshire Homeowners Insurance policy has two main sections: |
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Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you in
case of lawsuits arising from things that happen on your property) |
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Homeowners insurance is often required by lenders to obtain a
mortgage and nearly everyone, whether you own or lease property, should have the protection of homeowners insurance. |
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New Hampshire Homeowners Insurance Policy FAQ
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Click on the link below to fill out a secure quote request form for a
New Hampshire Homeowners Insurance policy that will provide excellent insurance coverage at an affordable cost. Or speak with our Personal Insurance agent specialist toll free at 1-800-678-3431 to discuss the features. |
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Covered losses under a New Hampshire homeowners insurance policy can
be paid on either a replacement cost basis or on an actual cash value basis. When "actual cash value" is used, the policy owner is entitled to the depreciated value of the damaged property. Therefore, the older the item is, the less money you may receive for it. If you choose the "replacement cost" coverage, the New Hampshire homeowners insurance policy will reinburse the amount it costs to replace the property with something of a similar type and quality at current prices. |
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An "All Risks" policy provides the broadest New Hampshire homeowners
insurance protection because it will cover losses that are due to any peril except those specifically excluded in the policy. A "Named Perils" policy covers losses that are due to only those perils listed in the standard New Hampshire Homeowners Insurance policy and typically include fire, hail, windstorm, and other physical losses. |
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If your policy limit is less than 80% of the replacement cost of your home,
you will face a "coinsurance penalty," which means you'll have out-of-pocket expenses to cover costs beyond the policy deductible you chose. For example purposes we will assume your home's estimated replacement value (RCV) is $100,000. The co-insurance clause requires you carry at least $80,000 (80% of your RCV). If you chose to purchase only a $40,000 New Hampshire Homeowners Insurance policy you would be underinsured by half. Therefore, in the example the insurance company would pay one- half of a loss less the policy deductible, so if you suffered a $10,000 covered loss to your house, condominium, mobile home, or townhouse and had a $500 deductible, your policy would only pay $4,500. |
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Personal liability in a New Hampshire homeowners insurance policy is also an
important part of having security from accidents that may occur on your property. We suggest you choose coverage limits that are not less than those on other liability insurance you own, such as car insurance. |
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Click on the link below to fill out a secure quote request form for a New
Hampshire Homeowners Insurance policy that will provide excellent insurance coverage at an affordable cost. Or you can speak with our New Hampshire Homeowners Insurance agent specialist toll free at 1-800-678-3431 to discuss the features. |
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We are your local southeastern New Hampshire, southern Maine insurance agency,
offering affordable homeowners insurance policy premiums in the following cities and counties: Somersworth, Durham, Portsmouth, Dover, Rochester, Rollinsford, Barrington, Madbury, Lee, Strafford, Farmington, Milton, Barnstead, Nottingham, Northwood, Raymond, Newmarket, Newfields, Stratham, Rye, Hampton, Epping, Exeter, Salem, Danville, Deerfield, West Rye, Derry, Chichester, South Barnstead, Gilmanton, New Durham, Wolfeboro, Alton, Laconia, Berlin, Lebanon, East Candia, North Hampton, Hanover, Littleton, Plymouth, Claremont, Newport, Keene, Hampton, Rye Beach, Strafford County, Rockingham County, Hillsborough County, Merrimack County, and Belknap County, NH. We also offer homeowners insurance policy services throughout the state of New Hampshire, including the Manchester, Nashua, and Concord area. Our service area in southern Maine includes the following cities and counties: South Lebanon, Kittery, Eliot, Berwick, Sanford, Blaisdell Corners, Springvale, Emery Mills, Wells Beach, York Beach, Kittery Point, Kennebunk, Saco, Biddeford, Alfred, Portland, Scarborough, Westbrook, Waterboro, Shapleigh, Newfield, Buxton, Goodwins Mills, South Sanford, Cape Elizabeth, South Portland, York County, and Cumberland County, ME. |
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Replacement Cost or Actual Cash Value
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New Hampshire Homeowners Insurance Policy FAQ
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All Risks or Named Perils
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New Hampshire Homeowners Insurance Policy FAQ
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Coinsurance Penalty
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New Hampshire Homeowners Insurance Policy FAQ
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Personal Liability
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New Hampshire Homeowners Insurance Policy FAQ
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**The information, pictures, and other content in this website about particular
insurance or financial services is only provided for informational purposes. Any decisions regarding these services should be discussed with a licensed insurance agent or financial services representative. |
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Copyright 2005-2008 Gorman Insurance &
Risk Management Services - All rights reserved
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Site Built & Maintained by InsuranceWebsiteServices.com
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Homeowners Insurance
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Personal Insurance
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(also Maine)
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(also Maine)
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(also Maine)
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(also Maine)
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(also Maine)
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Gorman Insurance &
Risk Management Services
396 High Street
Somersworth, NH 03878
Strafford County, NH
(603) 692-3431
(603) 868-3598 - Durham
Toll Free: 1-800-678-3431
Fax: (603) 692-2660
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Answer a few questions
and we will provide you with a quote by email or phone. Choose the Personal or Business insurance coverage you're interested in from the menu above. |
