What's Included in a Homeowners Insurance Policy?
Buying a home is a large investment in the future. However, when that future can be full of uncertainties, it’s wise to invest in homeowners insurance to pay the cost of repairing or replacing your house should something unfortunate occur. The guide below explores several of the different coverage options available. Note: A complete list or an appraisal of house hold items and inventory is crucial to a complete a settlement of your claim. Appraisal companies are available at additional charge.
The Basics
While policies vary by agency, basic homeowners insurance can be broken down into three key parts. The first is property coverage, which will cover basic damages to your house if there is a fire, a hail storm, or other specified events. The second is liability insurance, which will help pay for another person’s medical bills if they were injured on your property or if someone in your household caused harm to their belongings. Lastly, possession coverage will help reimburse you for any items you own that might get stolen or damaged.
Add-Ons & Variations
If you live in a mobile home, rather than a standard house, often a different kind of home insurance is necessary. The same might also be true if you live in a historical building.
Beyond these policy variations, a quality insurance agency will also offer supplemental policies to cover special circumstances. For example, if you live in an area prone to floods or earthquakes, you should purchase coverage specific to these natural disasters. You may also want a safety net to help pay for any living expenses you may incur while waiting for your house to be repaired or rebuilt.
Looking for quality, affordable, comprehensive homeowners insurance? Turn to Robert Rung Insurance in Lincoln, NE. Since 1973, this licensed expert has provided customized policies to suit his clients’ needs. As an independent agent, he can compare products from some of the biggest companies in the industry. Learn more about the ways he can help online or call (402) 483-2279 to schedule a consultation.
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