Located along the shores of Lake Michigan, Waukegan, Illinois, is currently spending $40 million to rebuild and revitalize its lakefront areas. Although you won't need that kind of money to rebuild your home or replace a car if a disaster strikes, you would need enough Waukegan insurance coverage to get your life back on the right financial track. So when you're comparing Waukegan insurance quotes for your home or your vehicle, it's essential to understand exactly what type and what amount of coverages you're considering.
Shopping Around for Waukegan Insurance
Getting Waukegan insurance quotes from several companies will give you the best idea on what type of policies are out there and what they cover. For homeowner's insurance, companies usually offer several levels of policy coverages, from the very basic (usually called HO-2 or broad forms) that insure only against certain specified perils to more comprehensive policies (HO-3/HO-5) that protect against all perils that are not specified.
When you read even comprehensive homeowner's policies carefully, however, you may be surprised at what is excluded. If your sewer backs up or your sump pump fails and water fills your basement, for example, most policies do not cover your resulting expenses. You can usually purchase additional protection if you want it.
Under Illinois law, your Waukegan insurance policy for your vehicle should provide at least $20,000 per person/$40,000 per accident bodily injury coverage; $15,000 per accident property damage liability coverage; and $20,000 per person/$40,000 per accident uninsured motorist bodily injury coverage. These are the minimum coverages and many financial experts advise drivers to increase these limits to protect themselves financially in the event of an accident.
Reducing the Size of Your Waukegan Insurance Quotes
If you're like Waukegan native Jack Benny, a comedian who portrayed himself as a perennial penny-pincher, you like to make your hard-earned dollars stretch as far as possible. Shopping around for the best deals is a good way to do it, and NetQuote.com makes comparison shopping for insurance policies easy. There's no more filling out 115-question auto insurance forms; no more trying to remember details like how far your home is from the nearest fire hydrant every time you want a homeowner's insurance quote from a different company. Just fill out one form, submit it to NetQuote and you'll get back insurance quotes for your home or your car from five top insurers in your area. With NetQuote you save time and money as you select the policy that's right for you. Those are the kind of savings that any resident of Waukegan should enjoy.