Home Insurance

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What is Homeowners insurance?

Homeowners insurance offers essential financial protection against

various disasters, safeguarding both your home and personal

belongings. This comprehensive package not only covers property

damage but also your liability for injuries or damage caused to others,

including incidents involving household pets. While most disasters

are covered, it's important to note exceptions such as floods,

earthquakes, and issues arising from poor maintenance, which

separate policies. Maintaining your property is ultimately the

homeowner's responsibility to avoid claims related to

maintenance-related problems.

Why do you need homeowners insurance?
It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That's important because chances are your home is likely one of your largest investments.

• If your home was destroyed by fire or damaged by a natural disaster, you'd need money to repair or replace it.

• If a guest in your home is injured, liability protection and medical coverage help pay expenses.

• If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.

• If you are still paying for your home, your lender will require insurance.
   

It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what's included and what is not.

Things to consider and questions to ask:

• How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? (Ask your agent to talk you through your home's features and the things you own so you can make an informed decision about coverage.)

• Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?

• What discounts are available? (Ask about multiple policy, security system and fire resistance discounts.)

• What's the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)