PROTECTING YOUR BUSINESS TODAY, INVESTING IN YOUR FUTURE

 

When you choose Wharton/Lyon & Lyon as your insurance broker, you not only make a sound investment in the immediate security of your company or organization, you make an investment in its future success as well.  We are committed to helping clients achieve their long-term financial goals and plans for growth.  So great is our commitment that many clients consider us business partners.  And that is exactly how it should be.  Because how well we manage your risks has a profound impact on your profitability and your ability to achieve certain goals.

Wharton/Lyon & Lyon has put its skills to work for thousands of clients ranging from financial institutions, schools, manufacturers and service industries to non-profit organizations, contractors, wholesalers and retailers.  Contact Wharton/Lyon & Lyon today.

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Home FAQ's

Q:

What is homeowners insurance?

A:

Homeowners insurance is a form of personal lines insurance. The typical homeowners policy has two main sections:
1) covers the property of the insured and
2) provides personal liability coverage to the insured.

Q:

What do I need to know when purchasing homeowners insurance?

A:

  • Get the amount and type of insurance that you need.
  • Determine the amount of personal property insurance and personal liability coverage that you need.
  • Select any additional endorsements you want to add to your policy. For example, do you want the personal property replacement cost endorsement?

Q:

What is "actual cash value"?

A:

When "actual cash value" is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.

Q:

What is replacement cost"?

A:

When "replacement cost" coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.

Q:

Where and when is my personal property covered?

A:

Coverage C of a homeowners policy provides named perils coverage. This applies to all your personal property (except property that is specifically excluded).

Q:

Should I purchase earthquake coverage?

A:

Direct damages due to earthquakes are not covered under the standard homeowners insurance policy. If you live in an area that is prone to earthquakes, you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This endorsement will cover damages due to earthquakes, landslides, volcanic eruptions and other earth movements.

Q:

Should I purchase flood coverage?

A:

If your property lies in a flood plain as determined by US Government Flood Maps. Ask your independent agent about a flood quote.