In Pennsylvania, homeowner's insurance is not required by law. However, many mortgage lending companies require customers to obtain this coverage as a condition of their mortgage. Homeowner's insurance is designed to protect you and your family in the event of any mishaps involving your property. Many policies also cover the contents of your home, meaning your personal belongings and home furnishings. This category also encompasses renter's insurance. Again, this coverage is not required by law, but may be required by specific apartment or condo rental communities or by the owner of a rental home.
Umbrella insurance is designed to protect you from any personal liability claims against you that can arise when someone is injured on your property or as a result of a car accident. Umbrella insurance goes beyond the levels of coverage found in traditional insurance plans, like homeowner's or auto insurance plans. This additional protection can shield you from lawsuits that could potentially cripple your family's finances for many years as the legal proceedings take place. This type of insurance is not required, but is an important option for those with high-valued assets to protect.
East Penn Insurance Group offers a variety of insurance coverage options for customers throughout the state of Pennsylvania, including home, auto and umbrella insurance. Each type of insurance has its own requirements for customers, as outlined below.
Maintaining continuous auto insurance coverage is a requirement to be able to drive in the state of Pennsylvania, and customers must maintain certain minimum levels of coverage. For medical coverage, the minimum is $5,000 to cover the medical costs of anyone injured in an automobile accident. Bodily injury liability coverage has a minimum of $15,000 per person and $30,000 per accident. For property damage liability to cover the cost of damage to the other person's vehicle, the minimum is $5,000. Customers are more than welcome to purchase higher levels of coverage for additional protection.