Home Insurance FAQ

by Guest » Fri Nov 21, 2008 05:25 am

What is home owners insurance?

Home insurance is designed to protect your home when disaster strikes. This insurance helps you recover from the damages that any disaster or accident causes to your home.
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How much home insurance do you need?

You need as much insurance that will help you recover from a certain loss due to a disaster. It is neither good to be underinsured nor is it good to be over insured. So, consulting with an insurance agent is the best option when you have to determine the amount for which you need to buy insurance.
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What is a deductible and do you have to pay one?

A deductible is the amount that you as a policy holder will pay for damages before you receive home insurance benefits from your insurance provider. If you have chosen a plan that has a deductible you may need to pay.
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What does home insurance not cover?

There are certain exclusions to a homeowners insurance policy. Disasters like flood, earthquake and maintenance damage are not covered by a home insurance policy. If you want to buy coverage for such conditions, you will need to purchase separate policies.
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What does a standard homeowners policy exclude?

What is covered by content and building insurance under your homeowners insurance policy?

Content insurance under homeowner insurance covers the contents inside your home in case a burglary happens or if an accident takes place. Building insurance covers the structure of your home and provides coverage for doors, windows, driveways and roof etc.
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How are damages from fire covered?

Fire damages are covered through fire insurance. Any damage to your personal property that is caused as a result of fire breakout will be covered under fire insurance. This insurance needs to be purchased separately and may not be covered under a general homeowners insurance.
Related reading:

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How can you make homeowners insurance claim?

Making homeowners insurance claim, just like any other claim involves some clear steps to be followed. If you can follow these steps and have your insurance from a good insurance company, your claim settlement will be smooth.
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What is the most practical homeowners insurance coverage to have?

Home insurance coverage should be bought keeping in mind the needs of the policy holder (you). You must have a checklist that states why you want to protect your home and from what kind of disaster. The area you stay ins also helps determine the type of homeowners insurance you would require and that would be best for you.
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How can you get the best home owners insurance quotes?

Home insurance quotes depend on a lot of factors. The replacement value of your home, security systems in your home, the structure of your home and similar factors help determine the amount your would be investing in your home owners insurance policy.
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Is home insurance mandatory?

Home insurance is not mandatory. Whether it is necessary or not is for you (the home owner) to decide. If you want to save yourself the trouble of spending out-of-pocket to recover when disaster strikes, it is advisable that you purchase insurance for home owners.
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i have no home insurance is it necessary

Hi,
There are pretty many home in America which are still uninsured. To me all the home insurance policies look the same...what other things should I remember before and after I get the policy papers? Misty Valdez

Total Comments: 11

Posted: Fri Nov 21, 2008 12:47 pm Post Subject:

Hey,
Please don't forget to clarify with your agent or broker whether you're going in the right direction. It might just be that your agent has something better in store for you. Some agents do have coverage offers that are tailored to your specific home owners insurance requirements.
Plasticmind

Total Comments: 11

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