Daniel Insurance Agency

Protecting Your Investment
Buying a home is one of the single
largest investments that most people
ever make. If you need to protect that investment, your main line of defense is home insurance.

We are conveniently located at:
6505 Oak Ridge Hwy.
Knoxville, TN 37921

Please call, email or come by today to speak with one of our friendly agents.

865-909-0082(phone)
865-909-9138(fax)

Home Insurance
Why buy homeowner's or renter's insurance?

There are two major reasons for homeowners to buy insurance:

1) As one of the most important assets that a person has, you need to protect your home from damage and destruction

2) Mortgage lenders require homeowners to carry insurance to protect the lender's investment from damage or loss

Just like homeowner's insurance, renters face risks of loss. As a renter, the greatest risk is damage to or loss of personal property. Renters can also be liable to third parties that are injured while at the residence.

If you rent, insurance acts as a risk transfer device to protect you against a catastrophic loss. In exchange for payment of a premium, you transfer the risk
of property loss and liability to third parties to an insurance company.

What types of risks does homeowner's/renter's insurance protect against?

Damage or loss to the home itself, as well as other structures on the land;

Damage or loss to the items of personal property in the home and other structures; and

Injury or harm to third parties (typically guests who come to your home).

The major risks covered by renter's insurance are damage or loss to items of personal property contained in the residence and liability to third parties who are injured while in the residence.

Who is covered by my policy?

As the insured, you and the members of your home are covered for the loss of the home and its contents. Third parties -- other people who come to your home -- are covered through the liability portion of the insurance policy for injuries caused by your negligence. In addition, you and the members of your household have some liability protection to others even while you are away from the premises.

With renter's insurance, it is important to note that coverage is only provided to the person named in the policy. Even if you share the premises with someone else - if it is your insurance, the property of your 'roommate' is not covered.