Why Do I Need Homeowners Insurance?
What is Hazard Insurance?
February 3, 2022
Can Landlords Require Renters Insurance?
February 14, 2022
Your home is your safe haven, the place where you return after a long day and where you raise and feed your family, the place you entertain friends and the place where you relax, read and watch movies, perhaps your most valuable asset; Homeowners Insurance is the product which secures the home and the family from damage caused by a long list of perils.
What is Homeowners Insurance?
Home Insurance may help protect you and your family from the unexpected. If the house is damaged or vandalized, if your personal belongings are stolen, if a visitor trip and falls on your property, or if you experience heavy wind damage, your Homeowners Insurance will help cover repairs or replacement, pay for temporary hotel or housing, legal fees and many more possibilities.
Why do I need Homeowners Insurance?
Home Insurance is recommended for everyone who owns a home; whether it is a single family home, a 2 – 4 unit dwelling, a condo, or a townhouse. If the home is tenant occupied, a Landlord or Dwelling Fire policy would be necessary in place of an Homeowners Insurance policy. For damage against Earthquakes and Floods, an additional policy may be required.
What’s Covered by Homeowners Insurance?
Although there are slight differences in all policies due to Coverage Form, Limits of Coverage, Deductible & Endorsements, the typical policy likely covers:
- Dwelling (House Structure)
- Additional Structures (Fences, Detached Garage, Shed, Gazebo)
- Personal Property (personal belongings)
- Loss of Use (Additional Living Expenses if home is vacated due to a covered loss)
- Personal Liability (Third Party protection for negligence)
- Medical Payments to Others (Guest Medical)
Most policies allow the option to add endorsements, select limits of coverage, and choose deductible options. If you don’t clearly understand the online options, it is best to call and request the assistance of a licensed representative to answer all your questions prior to purchasing insurance.
How to Get a FREE Homeowners Insurance Quote
The first step to buy Home Insurance (aka Hazard Insurance) is to obtain an accurate Homeowners Insurance Quote, with today’s technology, you’ll only need a few pieces of information and within a couple of minutes, you’ll have your quote.
