Paying too much for inadequate coverage on your home?
Your home is much more than just a concrete and wood building. A home includes your family, their happiness and safety. So, shield your family and your investment by purchasing homeowners insurance. Home insurance protects every aspect of your home, giving you a greater sense of security and ensuring a shelter over your head, should you face a major disaster.
The sections below will help you understand what homeowners' insurance covers. A typical homeowners insurance policy consists of four parts. Each part plays a different, yet important role in your coverage.
1. The Home Itself
The Home insurance policy provides funds for the repair or reconstruction of your house, if it has been damaged by a disaster such as hurricane, hail, lightning, fire or any other catastrophe. Normal wear and tear of your home or destruction caused by an earthquake/flood is not covered within a standard homeowners policy.
2. Personal Property
In case of damage or theft, your personal belongings, including clothing, electronic equipment and furnishings are also covered by your home insurance policy. Generally, 40-50% of your total home insurance is limited to personal property. This coverage has certain exclusions or limitations on property such as jewelry, artwork and antiques. You may need to buy an additional policy for more comprehensive coverage.
3. Liability coverage
Liability coverage safeguards you against litigation (For example if someone is injured - your dog bites someone, your child breaks a window or a friend falls down the porch steps) on your property. During your legal proceedings, this coverage will help pay for your legal defense. The coverage limit is usually $300,000.
4. Temporary Living Expenses
Your home owners insurance covers living expenses for your temporary relocation due to some repair or reconstruction in your house. Usually, 20% of your total home insurance is limited to loss of use. If part of your home served as rental property, your home insurance policy will also compensate you the sum of the rent that you are losing because of the inability to rent it.
Ask for a free homeowners insurance quote!
It is important to compare homeowner insurance quotes offered by different companies. HomeOwnersInsurancee.com offers free home owner insurance quotes. Simply fill out a form and receive multiple quotes in minutes. Once again, shop around, get multiple quotes, and learn all you can about a policy before you buy home insurance. Start saving now by getting a quote on homeowners insurance . |
