IIS

Residential / Personal Insurance

At iiS, you’ll find what you

need.

...

We take your insurance needs personally.

We choose to live and work here in Appalachia and are proud to care for you–our friends and neighbors. We love getting to know you, we listening to your needs and developing an insurance plan that’s right for you. From auto insurance to homeowner’s insurance to health insurance, long-term care policies, life insurance, or dental and vision coverage, you’ll find what you need at Innovative Insurance Solutions. Wondering about special coverage? No problem. Talk to us about supplemental insurance, pet insurance, boat insurance, motorcycle insurance and even travel insurance. If you need it, we do our best to find it.

We’d love to be your homeowners insurance agency.
Call us today to get started.

...

113 Goff Mountain Road,
Suite 201
Cross Lanes, WV 25313

Toll Free:

Local:

...

5362 Robert C Byrd Drive
Mt. Hope, WV 25880

Toll Free:

Local:

...

Personal Insurance

Your family and home are the center of your life. Protecting both are essential to your peace of mind. As your neighbors, Innovative Insurance Solutions would love to help you get the coverage you need. Below is a list of the personal and residential insurance that we offer along with an explanation of each. Have questions or want to get an insurance quote? Call us any time and one of our agents will be happy to talk to you. customers stay with us and refer us to their friends.

...

Glossary of Personal Insurance Terms

There are six different types of coverage. Some may be required by state law,while others are optional.

 

  1. Bodily injury liability insurance, for injuries the policyholder causes to someone else.
  2. Medical payments or personal injury protection (PIP) for treatment of injuries to the driver and passengers of the policyholder’s car.
  3. Property damage liability insurance, for damage the policyholder causes to someone else’s property.
  4. Collision insurance, for damage to the policyholder’s car from a collision.
  5. Vehicle comprehensive insurance, for damage to the policyholder’s car not involving a collision with another car (including damage from fire, explosions, earthquakes, floods, and riots), and theft.
  6. Uninsured motorists’ coverage, for costs resulting from an accident involving a hit-and-run driver or a driver who does not have insurance.

Just like insurance for a car or truck, boat insurance helps to protect the policyholder’s investment if their motorboat, sailboat, or personal watercraft is stolen, in an accident, or damaged by a covered peril like fire or lightning. A boat insurance policy may also offer protection for accidental injury or damage to property caused by the policyholder’s boat.

Designed to protect homes that are vacant for an extended period of time, vacant property insurance policies can be purchased as a single policy or as an add-on endorsement to an existing homeowners insurance policy.

A policy that will pay a specified sum to beneficiaries upon the death of the insured.

Vision insurance is designed to reduce the cost of routine preventive eye care. Most policies also cover at least a portion of the cost for prescription eyewear (eyeglasses and contact lenses). Some insurance policies expand coverage include discounts on vision correction surgery as well as enhancements on eyeglasses, such as progressive or polycarbonate lenses. 

Collectibles insurance provides broader protections and places a higher value on collections. Homeowners or renter’s insurance policies often don’t provide the protection needed. These specialty policies cover items such as fine art, musical instruments, sports memorabilia, and wine collections.

LTC is available as individual insurance as well as through an employer-sponsored or association plan. Purchased well in advance of need, long-term care policies pay for services to help individuals who are unable to perform certain activities of daily living without assistance or require supervision due to a cognitive impairment such as Alzheimer’s disease.

The typical homeowners insurance policy covers the house, garage and other structures on the property, as well as personal possessions inside the house such as furniture, appliances, and clothing, against hazards like windstorms, fire, and theft.

Homeowners insurance policies generally have a “loss of use” provision to reimburse the policyholder (homeowner) for the extra costs incurred living elsewhere while the house is being restored after a disaster.

In addition to types of coverage outlined above, homeowners policies protect policyholders by covering accidental injuries to third parties and/or their property. For example, like a guest slipping and falling because of that pesky, loose handrail on your staircase.  

An all-risk policy offers the most comprehensive coverage, handling all threats except those specifically excluded in the policy. For instance, damage caused by a flood or an earthquake is not likely to be covered; instead, separate policies must be purchased.

Motorcycle insurance includes liability coverage in the event of another person’s injuries or property damage. Policyholders are afforded financial protection in the event of a motorcycle accident, loss, theft, or damage. 

Health insurance typically pays for medical, surgical and prescription drug expenses incurred by the people who are insured by the policy. Health insurance may pay the provider directly or reimburse the person covered by the policy for expenses incurred due to illness or injury.

A type of insurance that pays for treatment by a dentist. Dental insurance covers the cost of routine dental care along with accidental damage to your teeth. Coverage usually includes benefits for oral examinations and X-rays as well as preventive dental treatment.

LegalShield gives the member the ability to talk to an attorney on any of his/her legal matters without worrying about high hourly rates. The monthly membership fee provides access to legal advice on any legal matter, no matter how traumatic or trivial the issue.

Pet insurance is similar to health insurance policies for humans. The policy helps to lessen the overall costs of expensive, and often unexpected, veterinary bills.

Covers problems associated with traveling, generally including trip cancellation due to illness, lost luggage, and other incidents.

...

Personal and Residential Insurance FAQs

When you’re looking for a homeowners insurance agency there’s a lot to consider. That’s why we’ve put together a list of information to help. Call us any time with your questions. We love to talk to our neighbors! Contact Us Now

If you live in an apartment or a rented house, renters insurance provides important coverage for both you and your possessions. A standard policy protects personal property in many cases of theft or damage and may pay for temporary living expenses if your rental is damaged. It can also shield you from personal liability.

Most residential insurance policies do not cover earthquake damage a separate policy is required. Without earthquake insurance, you will be responsible for all costs to repair or rebuild your home, to replace your personal property, and all expenses associated with living away from home.

According to 2021 insurance carrier data, overall average annual premium for homeowners insurance is $1,312 (about $109 monthly), based on a home with a dwelling coverage limit of $250,000. Homeowners spend about 1.91% of their income on home insurance. Generally, prices can range anywhere from several hundred dollars a year to more than $3,000 in some areas.

 

Source: bankrate.com

A standard insurance policy covers the physical structure of your home as well as other structures on your property (sheds, garages) and personal property. The most expensive part of a home policy is dwelling coverage. Dwelling coverage is also the amount that goes up every year. The dwelling is the main structure of a home, not a detached garage or shed. However, coverage often applies for both in the event of a storm that damages multiple structures on the property, including fences, decks and built-in appliances like furnaces and water heaters. Coverage is not always included for all the aforementioned items. Make sure to read the details of your particular coverage, including the fine print on inclusions and exclusions to be sure what’s covered and what’s not before catastrophe strikes.

Regular plumbing issues are not covered by homeowners insurance. However, if the plumbing issues cause damage, you may be covered. Whether or not your homeowners insurance will cover damage caused by faulty plumbing depends on whether it’s determined that you did or did not maintain the plumbing. For instance, if it’s determined that you had an ongoing slow drain that resulted in a leak, you will not be covered for damages because of negligence. 

Depending on what is causing the leak, you may be covered. Do you have roof damage? If the roof is more than 20 years old, most insurance companies won’t cover your home at all unless it passes inspection first. It’s not unheard of for a homeowners insurance policy not to be renewed because the roof failed inspection. If your roof is 10 years old and suffers extensive damage after a hurricane, however, you will be covered.

Damage due to certain types of perils are not covered, not necessarily a specific area of your home. For instance, if you have overflows or backups from your sump pump, sewer system or drains, your standard policy will not cover the damage. Coverage may be available, however, by adding a separate endorsement. Floods and earthquakes are also separate policies. 

Homeowners insurance will cover water damage in certain cases and not others. For instance, if a flood caused the water damage, you will only be covered by flood insurance, not homeowners insurance. Is it due to a damaged roof? You’re covered if the roof was not neglected prior to the leak.

Homeowners insurance is not tax deductible in most cases. However, if you use your home for a home business, as a landlord, you should speak to your accountant about making the appropriate deductions. 

Hazard insurance is included in a homeowners insurance policy. Most storms are included in a standard policy, except floods and earthquakes, which both require separate policies. 

Home insurance, dwelling coverage and hazard insurance are names for homeowners insurance.

Typically, one full year of homeowners insurance is collected and prepaid to your insurance company at closing. From there, people usually pay in monthly installments often with escrow payments.

Yes, that’s right. Most homeowners insurance policies don’t cover flood damage. Flood insurance protects you from severe types of water damage, such as heavy rain, and melting snow.

 

Homeowners insurance is meant to cover major losses that were caused by certain perils only, not from wear-and-tear or negligence. For instance, if you have a standard home insurance policy and your home is flooded, you will not be covered for damages because flood insurance is a separate policy. So is earthquake insurance. A standard home insurance policy protects you against perils that include fire, theft, smoke, windstorms, lightning strikes, hail, explosions, vandalism and theft.

A standard insurance policy covers the physical structure of your home as well as other structures on your property (sheds, garages) and personal property. The most expensive part of a home policy is dwelling coverage. Dwelling coverage is also the amount that goes up every year. The dwelling is the main structure of a home, not a detached garage or shed. However, coverage often applies for both in the event of a storm that damages multiple structures on the property, including fences, decks and built-in appliances like furnaces and water heaters. Coverage is not always included for all the aforementioned items. Make sure to read the details of your particular coverage, including the fine print on inclusions and exclusions to be sure what’s covered and what’s not before catastrophe strikes.

Home insurance is required by most lenders. If you have a mortgage, you’re almost always required to carry homeowners insurance. You may be paying for home insurance and are completely unaware of it because it’s lumped in with your mortgage payments. It’s important to make sure you’re never over-paying for your coverage. If your lender set you up with a policy, for instance, chances are they were not shopping to compare insurance quotes.

 

Home insurance is not a product that pays for repairs and maintenance issues. If you have expensive equipment or appliances, you can buy a home warranty, which may help pay for repairs and breakdowns of systems, like your water system. Homeowners insurance is meant to cover major losses that were caused by certain perils, rather than wear-and-tear or negligence. For instance, if your air conditioner breaks down in the middle of summer, your standard homeowners policy will not come into play. A standard home insurance policy protects you against perils that include fire, theft, smoke, windstorms, lightning strikes, hail, explosions, vandalism and theft.

Insurance and mold have a complicated relationship. In some cases, homeowners insurance will cover mold and in others it will not. If the mold is a result of a sudden accident, not the result of negligence, it may be covered.

It depends on whether the roof was neglected or damaged by a peril covered by your policy. Also, don’t assume that just because a storm came and left damage to your roof that your insurance company will replace the entire roof. While it may look like a mess to you, an adjuster may decide that you’re fine with just having some of the damaged shingles replaced. If you still decide to redo the whole roof, you may be footing most of the bill. You will also still have to pay the full deductible on your policy before the repairs to your roof are partially covered. Do the math in its entirety before assuming that filing a claim is worth it.

You need to buy as much homeowners insurance as it would take to rebuild your home. Most policies have a minimum of $100,000 in liability coverage. But you should buy at least $300,000—and $500,000, depending on what it would cost to rebuild your home. 

Infestations, like termites, are not often covered. If the termites caused a fire (by chewing wires), however, you may be covered. 

Yes, homeowners insurance covers theft. There is a contents portion of your homeowners insurance policy, which takes your possessions into account. Ideally, you have a checklist of your valuables prior to a theft. It makes it easier to get your claim paid with a homeowners insurance inventory.

An adjuster will inspect the damage and offer you a certain sum of money for repairs, based on coverages in your homeowners insurance policy. The first check you get from your insurance company is often an advance against the total settlement amount, not the final or entire payment.

Yes, a standard policy gives you both. Make sure your limits are sufficient. Consider an umbrella policy if you want to be extra secure.

What our customers are saying...