Homeowners Insurance

Home Insurance Protection

admin — Thu, 15 Oct 2009 20:32:00 -0700

Is your home protected against loss from natural disasters? You may want to shop for insurance quotes for supplemental coverage.

Perhaps the worst attitude a home owner can have when viewing televised reports of fires, floods, earthquakes, and other acts of nature is to think, "It won't happen to me." That kind of naiveté can cost you dearly.

Homeowners Insurance: Get it in Writing

admin — Thu, 15 Oct 2009 19:13:00 -0700

For years, you’ve been told that homeowners insurance covers your home and its contents in case something happens, such as a house fire. But what would happen if something caused that fire, such as a contractor who was hired to repair your plumbing starting a fire in your home accidentally? What if the contractor who is replacing the shingles on your roof accidentally dropped a bundle on your neighbor’s car, destroying it? Most homeowners would assume that their insurance would cover these events with these circumstances; however that may not be the case at all.

How do I take a Home Inventory for a Homeowners Insurance Policy?

admin — Thu, 15 Oct 2009 17:51:00 -0700

Creating and updating a home inventory can greatly assist your insurance company in providing necessary coverage if your home is damaged or destroyed.

Why take a home inventory for your insurance company?

Think a moment. If your home was damaged or destroyed by a fire or flood, would you recall every single possession you had inside? That includes your attic, basement, garage, and storage rooms in your home. If you're like most people, you accumulated your most valuable possessions through all the years of your life.

What Your Homeowners Insurance May Not Cover

admin — Thu, 15 Oct 2009 10:14:00 -0700

What Is a Homeowner's Insurance Policy?

Simply put, a homeowner's policy is an agreement between you and an insurance company to reimburse you for damage to your home, theft of your property, or liability for harming someone else. As long as you pay your premium, the insurance company is obligated to pay you, subject to the provisions of your policy.

The Importance of Homeowner's Insurance

What is Homeowners Insurance and What Will Be Covered?

admin — Thu, 15 Oct 2009 08:16:00 -0700

Your Homeowners Insurance May not Cover Flood Damage. Be Sure You are Insured as Damage Can Be Very Costly.

Your Homeowners Insurance Policy May Not Cover Flood Damage

You may think that your homeowners insurance policy automatically provides coverage for flood damage. This may not be the case, making it very important that you find out as soon as possible.

Are You Insured?

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Homeowners Insurance: Balancing Deductibles and Premiums

admin — Thu, 15 Oct 2009 07:16:00 -0700

When you are in the market for homeowners insurance, many options are available to choose between for the levels of coverage you will carry. Ensuring adequate levels of coverage is the key to responsible homeownership, but you must also make intelligent selections over what you will pay to your insurance company on a regular basis versus what you will pay whenever there is an occurrence in your home necessitating the use of your policy. Ensure that your deductibles and premiums are adequately balanced, and your pocketbook will benefit greatly!

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Filing a Homeowners Insurance Claim

admin — Tue, 19 May 2009 06:24:54 -0700

If you have experienced an accident on your property where someone is injured or your property is damaged, you will need to file a claim with your homeowners insurance company. A homeowners insurance policy is a contract between you and your insurance company where in the event that your home or property is damaged, or someone is injured on your property, your insurance will cover to replace and pay for damages.

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Exclusions: What Homeowners Insurance May Not Cover

admin — Mon, 23 Feb 2009 05:08:37 -0800

It’s a good idea to check a homeowner insurance policy regularly, not just when a claim must be filed. Quite often, from the time a homeowner selects a policy, to the time they need coverage, many years have passed. Changes may have incurred within their home or the industry, or the homeowner may now be confused about exclusions. Although coverage varies by company and location, there are some homeowner insurance exclusions contained in almost every policy. The following list, however, is not inclusive.

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Homeowners Insurance: Why Insure for Replacement Value?

admin — Thu, 19 Feb 2009 03:56:42 -0800

When purchasing homeowners insurance, you'll have to make several decisions about the type of coverage you want. For example, you'll have to make a decision about how much of a deductible will apply to your policy. The lower you set the deductible, the more expensive your premium will be. It's natural to look for ways to reduce the cost of your insurance policy, but it's important to balance your efforts to save money with making sure you get the quality and level of coverage you need.

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What Does Homeowners Insurance Cover?

admin — Tue, 03 Feb 2009 06:40:12 -0800

As soon as you buy a home, it is vital that you take out an insurance policy that will cover you in the event of a natural or man made disaster. But what exactly is covered under an insurance policy? That will all depend on the type of policy that you actually take out. Below are some of the most common policies, and what they are likely to cover. However, it is important to read the fine print of any policy, as each insurance company is likely to have its own exclusions.

Homeowners Insurance

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How Much Homeowners Insurance Do I Need?

admin — Sat, 24 Jan 2009 04:33:22 -0800

We all know by now that homeowners insurance is something that all homeowners need to protect their investments. Of course, for mortgage holders, the lenders who gave the money to purchase the home will require you to have homeowners insurance. Even for people who own their home without any debts or liens, the big question is, “how much homeowners insurance is needed?” – Let’s explore what level of insurance you will need for your home to ensure you are adequately protected.

Generally speaking, you need to purchase homeowners insurance that will cover:

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Who Should Insure Their Hobby Equipment?

admin — Wed, 19 Nov 2008 06:46:20 -0800

Do you need insurance for your crafting and hobby equipment? Many of us have invested significant amounts of money in the pursuit of our leisure time activities. Unlike those who collect things for fun – stamps, coins and other valuables – hobbyists, crafters and sports enthusiasts seldom think of their equipment in monetary terms, but they should. Think about your favorite activities and the things you own to help you enjoy them. If they were lost or damaged in a fire or flood, could you replace them easily?

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Insuring Your Home Business Equipment

admin — Fri, 10 Oct 2008 06:00:37 -0700

The internet has made it easier than ever for people to work from home, either in their own home-based businesses or as an employee working off-premises in a telecommuting position. While this is a good thing for most home business owners, it also opens the typical home business owner to losses they don’t expect. If you use a computer, specialized business equipment, tools for your business or even a fax machine, you may be in for an unpleasant surprise if they are lost, stolen or damaged.

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What Types of Disaster Does My Homeowners Insurance Protect Against?

admin — Mon, 21 Jul 2008 16:16:27 -0700

You may have seen it on the news: houses brought down by fire, storm or explosion. In their cry and anguish, you can imagine the difficulties those people would have been going through, of not knowing what to do without a home to sleep to and protect the children with. As the head of the family, of course you wouldn't want your family to go through the same fate if and when disasters happen. And before the wrath of nature strikes in your area, get yourself prepared with dwelling and personal property insurance.

Why should you insure your home?

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Choosing a reliable Homeowners Insurance Provider

admin — Fri, 11 Jul 2008 05:29:58 -0700

Buying all of the insurance that you need is never an easy task. You want to be sure that you have insurance that will cover all of the things in your life, and that will provide you with money in the case of something being lost or stolen or destroyed. This is very important, and therefore you know that homeowners insurance is one of the most important types of insurance for you to have. However, you must be sure that when you buy a homeowners insurance policy, you are buying one from a trustworthy provider.

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Homeowners Insurance: What is an Umbrella Policy?

admin — Sun, 29 Jun 2008 07:13:00 -0700

An umbrella policy is an insurance policy that covers claims that are in excess of the coverage under your homeowner's or automobile coverage. Before you purchase an umbrella policy you will need to have both an automobile policy and a homeowner's policy from the same insurance company. Both of these policies must have the highest liability that the insurance company provides. Once you have reached these limits, you can purchase an umbrella policy.

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Tips for Plugging the Holes in Your Homeowners Insurance

admin — Wed, 18 Jun 2008 05:16:59 -0700

Think you’ve got all the bases covered when it comes to your homeowners’ insurance? Think again. There are some very common sources of damage that are not generally covered by standard homeowner insurance. Here are just a few perils that could cost you thousands, and what you can do to help cover the gap between what your insurance covers and what you can pay out of pocket.

Doggie Damages

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Why You Need To Keep A Current Home Inventory

admin — Thu, 05 Jun 2008 05:30:58 -0700

It’s never a pleasant thought to think of a fire in your home and claiming everything you own, however, it does and can happen to anyone at any time, and often without any warning. Homeowners already take some precautions against losses by having homeowner’s insurance policies to cover any losses that may occur; however it is important to go one step further by keeping a current home inventory in a safe place, such as a fireproof box or safety deposit box. You can even email or send a copy to your insurance agent to keep with your file.

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Homeowners Insurance: Additional Living Expenses Coverage

admin — Wed, 21 May 2008 05:11:56 -0700

When shopping for a homeowners insurance policy, one of the important decisions you'll need to make is whether or not to include additional living expenses coverage. While selecting this type of coverage does add a minimal expense to the cost of your policy premium, it is a good idea to include additional living expenses protection in your homeowners policy.

What is Additional Living Expenses Coverage?

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Homeowners Insurance: Remodeling or updating your home

admin — Thu, 15 May 2008 04:56:02 -0700

It can be quite exciting when you can finally afford to add on the extra room to your home, renovate the bathroom or update the kitchen. Hiring contractors and purchasing materials is exhilarating as you move towards remodeling and updating your home. However, one of the most important steps that homeowners miss when they are going through the process of a renovation is contacting their insurance company and letting them know that the home is being updated.

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Homeowners Insurance Ratings

admin — Thu, 08 May 2008 13:18:25 -0700

Comparing the ratings of homeowner's insurance companies can be a powerful way to protect your family's financial security.

Homeowners already know that homeowner's insurance is important protection for home and belongings. First-time home buyers should quickly learn about comparing necessary insurance policies and insurance rates. For consumers who are financing their property with a mortgage, homeowner's insurance is mandatory.

Annual Check-up

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Homeowners Insurance: Is Your Home Insured Against Water Damage?

admin — Mon, 05 May 2008 05:50:13 -0700

Water damage is one of the most common reasons for claims against insurance policies. Does your homeowner insurance policy cover you against the most common types of water damage? Many homeowners only find out what their insurance policy doesn’t cover when they make a claim. Here are some of the most common types of water damage, and what you can expect if you need to make a claim.

1.A pipe bursts in your home and floods the living areas. Are you covered?

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Homeowners Insurance: Understand the Settlement Process for Claims

admin — Sun, 27 Apr 2008 12:12:22 -0700

Purchasing homeowners insurance is insurance against something bad happening to your home. While we all hope that nothing will happen, it’s important to understand the process of claiming a loss on your homeowners insurance should something happen to your home. If your home needs to be repaired or rebuilt, or contents (things you own) need to be replaced, you will have to work with your insurance company to determine how much you are entitled to receive for your claim. Let’s take a detailed look at the claim settlement process for homeowners insurance losses.

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Homeowners Insurance FAQ

admin — Wed, 23 Apr 2008 06:36:44 -0700

Why do I need homeowners insurance?

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Do I Have To Have Homeowners Insurance?

admin — Sat, 19 Apr 2008 07:50:23 -0700

The purchase of a house is one of the largest decisions we make in our adult lives. It is the time when we spend the most money on one object that we will utilize the most. In a house, we carry our lives, our treasures and our families – we trust our homes to keep all of these things safe from harm. Many home owners question the validity of needing homeowners insurance and wonder if they really need it or if they have to have it at all. The answer to this question is yes, in many cases and for many reasons.

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Homeowners Insurance: When Do You Need Separate Coverage?

admin — Tue, 08 Apr 2008 05:00:49 -0700

Your homeowners contents insurance is meant to insure you against loss of your belongings in case of theft, fire or other catastrophe. Are your belongings fully covered though? Chances are, if you’re a typical homeowner, the answer to that is a resounding no. In order to be certain you can replace all of your most important and most valuable belongings, you may need to resort to an insurance rider or separate cover. When should you consider separate cover or a rider to increase coverage for specific belongings?

When the maximum benefit for one item is less than the value of any item

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What is Homeowners Insurance, Exactly?

admin — Fri, 04 Apr 2008 08:55:22 -0700

Homeowners Insurance protects you financially from the costs of having to rebuild your home in the event of a disaster. However, there are many different types of coverage, and it is important to understand exactly what your policy covers you for.

Homeowners Insurance

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Homeowners Insurance: What is Umbrella Liability Coverage?

admin — Fri, 28 Mar 2008 09:07:11 -0700

They say that umbrella liability coverage is just for the rich; who would want to add extra premiums to pay except those who has the means to buy for one? However, this is just a misconception about umbrella liability coverage. It is more than an extra expense on your part. To explain more how it works, it would be best to see it through a real-life scenario.

The scenario

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Where to Find Information on Homeowners Insurance

admin — Sun, 23 Mar 2008 13:01:27 -0700

Finding information on homeowners insurance isn’t difficult. Most major insurance companies have their own websites with information on all of their insurance products. What is slightly more difficult to find is information regarding what exactly is included, and what is excluded from the insurance policies.

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Do You Really Need Flood Insurance?

admin — Sun, 23 Mar 2008 11:46:31 -0700

Every year an average of $2.4 billion is paid out against flood insurance. Many people with homeowners’ insurance don’t realize that flood insurance is not covered in their homeowners’ policy. And of course, many of us who don’t live on or near the coast or water don’t feel we need it. But how do you really determine whether you need flood insurance or not?

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