Homeowner Insurance

Homeowner will feel the security that in case unprecedented happens in their property or assets, they have a protection plan that can shoulder the expenses. Homeowner insurance is an insurance that protects your home and personal belongings from fire, theft, vandalism and other perils. It is an important purchase that protects your assets and satisfies your mortgage lender.

You may have questions about Homeowner insurance and I would advise you need to consider the following factors:

Who needs homeowner insurance/why should you buy it?
If you have a home and mortgage, your lender will require you to have homeowner insurance. If you don’t have a mortgage, it’s a good idea to protect your investment and buy homeowner insurance.

What’s covered
Only buy insurance from a licensed agent or an authorized company. You may use a company lookup tool or ask an agent to /find a licensed agent or authorized company.

How do insurance companies set homeowner rates?
They consider many factors when setting rates. Understanding how these factors affect your rates- as well as shopping around-can saves you money.

What are my homeowner insurance rights?
To ensure your homeowner claim is handled in an efficient manner, it is recommended that you first know what your claim responsibilities and rights included.

What to do when changing homeowner policies?
If your insurance company cancels or doesn’t renew your homeowner policy, they have to give you advance notice. Then, you will need to start shopping for coverage with a new company.

Now that you have an overview of homeowner insurance, there are four types of coverage in a standard homeowner’s insurance policy, namely:

Coverage for the structure of your home and other Structures
Pays to repair or rebuild your home for damage caused by fire, wind, hail, or lightning is covered under this part of the policy. Insurance for flood, earthquake, and water and sewer backup damage must be purchased