If you're like most people, your home is your most significant investment. How you choose to buy homeowners insurance depends on your own particular needs and preferences. The Resource Center offers several ways to purchase insurance, each with distinct benefits.
Your homeowners insurance is important; it protects what is probably your greatest asset. The following coverage definitions should help you understand your homeowners policy--but be sure to consult your insurance company representative to assure that you have the right coverage for your needs.
Dwelling
Coverage:
The dollar amount carried to cover your home and any structures
attached directly to it. Ideally, the amount of coverage you carry
should equal the cost of rebuilding your home after a total loss.
Other
Structures Coverage:
Covers other structures set apart from the dwelling on the residence
premises, such as a detached garage. This coverage applies up to
the limits provided in your policy and can be increased if necessary.
Personal
Property Coverage:
This coverage provides worldwide coverage for personal property
owned or used by the insured.
Loss
of Use:
This coverage is available when you cannot live in your home due
to a covered loss. It pays living expenses which go over and above
your normal living expenses up to the limit provided in your policy.
Liability/Coverage:
Liability coverage protects you in two ways. First, it provides
for your legal defense against a liability claim--whether the claim
is legitimate or not. Second, it will pay any court judgments against
you up to the policy limit.
Medical
Payments
This pays emergency medical bills for anyone injured on your property
or any injury caused by a member of your family or a pet, regardless
of where it happens. All bills are paid, up to your policy limit,
whether or not you're legally responsible.
Homeowners policies have many other optional features available to you depending on your individual needs. These include earthquake and scheduled personal property coverage.
How do you get a quick insurance quote? Click here to request more information or call us today at 1-866-909-1800.