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Home Insurance Coverage

admin — Tue, 23 Feb 2010 00:17:20 +0000

Most homeowners insurance policies contain some coverages that you may not be aware of, but that may come in handy in the event of an emergency or catastrophe. Again, homeowners policies vary from company to company, and state to state. Different companies may call coverages by different names, however the general categories described below should be recognizable. The limits (maximum amount of coverage provided by the policy) covered can also vary. The amounts quoted below are averages. Read the fine print and/or speak to your insurance agent to confirm what coverages and limits are in your policy. Here is some...

Homeowner Insurance Protection

admin — Sat, 11 Jul 2009 15:11:26 +0000

Homeowners insurance is one of those things that we often buy because we have to. When purchasing a home, the mortgage lender requires that the buyer purchase insurance to protect their interest in the property. But even if you own your home free and clear, homeowners insurance is something you need. A good insurance policy will protect your home from a variety of hazards. These generally include, but are not limited to, fire, storm damage and vandalism. Your standard policy does not cover flooding, but those that are in danger due to proximity to a body of water or geological concerns...

Do Renters Need Homeowner Insurance?

admin — Mon, 30 Mar 2009 14:25:32 +0000

Probably. Consider that a home is not just the building, but the stuff inside. Your landlord's insurance covers damage to the structure, but if you want to protect your belongings - your wide-screen TV, camera, and four-poster bed - you'll have to buy your own policy. Renter's insurance (which is usually much cheaper than homeowner's) covers losses caused by everything from fire, hail, and falling objects to theft, vandalism, and more. It will also protect you from liability if a guest slips on the rug. But you must purchase separate riders for damage caused by floods and earthquakes, or to...

Homeowners Insurance Basics

admin — Mon, 16 Mar 2009 16:08:30 +0000

Homeowners insurance is a term used for home contents and / or buildings. While it can’t replace what you have built up for many years in memories, it can help to replace your possessions if they are damaged or lost. Household insurance covers the majority of your belongings in the home up to a certain amount and this is stated at the outset of the policy for which you pay a monthly premium. The majority of standard homeowner insurance policies will cover any damage made from such as fire, theft, flooding and damage caused by storms. Accidental damage is usually...