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Home Insurance

Home INSURANCE

What is Home Insurance?

Homeowners insurance can help protect you from the unexpected. If your home is damaged, your belongings are stolen or someone gets injured on your property, it can help cover repairs or replacement, temporary housing, legal fees and more.

Why Do I Need a Homeowners Policy?

A homeowners policy is recommended for anyone who owns a home or condo and may even be required by your mortgage lender. You will need separate coverage to help protect your home and personal belongings against damage due to floods or earthquakes.

If the unexpected happens, home insurance can help you restore your life back to normal.

Home INSURANCE

What Does Homeowners Insurance Cover?

A LendFi representative can help you determine the homeowners coverage that best fits your needs and budget, but a typical policy can cover:

  • The structure of your home
  • Other structures on your property (e.g. garage, shed)
  • Your personal belongings
  • Additional living expenses if you cannot live in your home due to a covered loss
  • Your personal liability or legal fees
  • Limited valuable items (extra coverage can usually be added)
How to Get A Homeowners Insurance Quote

To get an accurate homeowners quote from LendFi, you’ll need a few pieces of information, including:

  • Your home’s features. We’ll ask for details such as when were your roof and utilities last updated, and what type of construction your home is.
  • The way you use the home. We’ll need to know if it is your primary home, or a secondary or rental home.
  • Your current homeowners insurance coverage. We’ll get a better insight into your insurance needs when you share your current provider information and how long you’ve been insured.

These details will help us find the homeowners insurance policy that best fits your needs.

Renters INSURANCE

What is renters insurance?

Renters insurance helps protect you and your belongings if the unexpected happens. A landlord’s insurance policy covers the building, but not your personal things. If you rent an apartment, condo, house, etc., you need renters insurance. Get a renters insurance quote today and we’ll show you how easy and affordable it is to protect what you care about.

What type of damage does renters insurance cover?

A renters insurance policy through GEICO provides low cost coverage for you and your belongings for things like:

  • Fire
  • Smoke damage
  • Vandalism
  • Theft
  • Windstorm
  • Water damage
  • Visitor injuries
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Renters INSURANCE

What items are covered by renters insurance?

Commonly covered items include:

  • Electronics and appliances (television, computer, etc.)
  • Furniture and clothing
  • Extra expenses if property is uninhabitable due to a covered loss
  • Accidental damage to someone else’s property
  • Medical expenses and/or legal fees if someone is injured on your property
How much does renters insurance cost?

1. Bundle and save with renters and auto insurance.
See how much you could save when you combine renters insurance with your GEICO Auto Insurance policy. It’s like GEICO and Geckos. Better together. Check out our Multi-Policy Discount page for all the ways you could bundle and save.

2. Home Security Systems
If you live in a building with security staff or if you installed a burglar alarm on the property, your wallet could feel more secure with another discount.

3. Sprinklers or Smoke Alarms
Whether you rent an apartment, condominium, or house, smoke alarms save lives and could save you money with a discount on renters insurance. Same goes for fire extinguishers.

Renters INSURANCE

How To Find The Best Condo Insurance

Condos are a popular alternative housing option that offers many benefits over home ownership or perpetual renting. One potential benefit of owning a condo is the cost of buying condo insurance, which is typically much less than buying homeowners insurance.

However, understanding how much coverage you actually need on your condo and making sure there are no gaps in coverage between your policy and the condo association’s policy is critical in making sure you’re properly covered if you have a claim. Speaking with a trusted independent insurance agent can be a valuable first step in securing the right type of condo insurance.

How Much Does Condo Insurance Cost?

The average cost of condo insurance in the US is $488 a year. This is considerably less than homeowners insurance, but is also higher than renters insurance. Part of the reason that homeowners insurance is typically more expensive is because of the amount of coverage in both policies. Typically, condo insurance has less coverage than homeowners insurance. There are also typically fewer claims with condo insurance in a given year than there are with homeowners insurance. 

StateMonthly Insurance RateAnnual Condo Insurance Rate% Difference vs. Average
Alabama$45$54011%
Alaska$31$374-23%
Arizona$32$389-20%
Arkansas$43$5186%
California$42$5013%
Colorado$32$381-22%
Connecticut$33$392-20%
D.C.$31$367-25%
Delaware$34$406-17%
Florida$79$94293%
Georgia$39$473-3%
Hawaii$24$293-40%
Idaho$34$405-17%
Illinois$32$382-22%
Indiana$29$345-29%
Iowa$23$279-43%
Kansas$34$413-15%
Kentucky$32$381-22%
Louisiana$61$736-51%
Maine$28$330-32%
Maryland$26$308-37%
Massachusetts$37$441-10%
Michigan$29$353-28%
Minnesota$25$299-39%
Mississippi$48$57017%
Missouri$31$377-23%
Montana$31$373-24%
Nebraska$28$332-32%
Nevada$34$409-16%
New Hampshire$26$316-35%
New Jersey$36$437-11%
New Mexico$32$381-22%
New York$45$54011%
North Carolina$36$428-12%
North Dakota$24$287-41%
Ohio$26$315-35%
Oklahoma$50$60424%
Oregon$29$345-29%
Pennsylvania$31$377-23%
Rhode Island$39$465-5%
South Carolina$40$483-1%
South Dakota$24$288-41%
Tennessee$38$457-6%
Texas$64$77158%
Utah$21$253-48%
Vermont$28$339-31%
Virginia$28$338-31%
Washington$30$360-26%
West Virginia$25$305-38%
Wisconsin$21$249-49%
Wyoming$30$361-26%
US Average$41$488

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555 W 5th St 35th Fl Los Angeles CA 90013

T. 800-418-0247

E. info@lendfiinsurance.com

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  • info@lendfiinsurance.com
  • 800-418-0247
  • 555 W 5th St 35th Fl Los Angeles CA 90013

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