A standard homeowners insurance covers four primary areas that hold the most value and present the highest risk. This policy is used to secure your investment against most types of loss. If you experience a loss in one of these areas, you must file a claim to be adequately reimbursed. This prevents you from having to pay for any significant expenses out of your own pocket. With the right homeowners’ policy, you can rest easy that most of your expenses will be covered.
Termites can be very destructive. The damage they cause can be extensive if they are not stopped in time. Most basic homeowners insurance policies do not cover termite damage for several reasons. One of the most important factors that insurance providers consider is whether the damage was preventable. However, there may be times when you are not aware of damages that already exist in your new home. Even the most reputable inspectors may miss small signs of an infestation. This will not go against you if the damage is discovered after you purchase your home.
Can Termites Damage My […]
Generally, an insurance rider is an optional add-on to an insurance policy. It is also called a floater or an endorsement. A homeowners insurance rider amends a basic policy, allows you to increase your coverage limits, expand coverage for certain property, or extends protection to help cover additional risks. A rider serves an expanded purpose to secure your home based on your identified circumstance.
Why the Need for a Homeowners Insurance Rider?
A typical homeowners insurance policy comes with a set of standard protections like dwelling coverage, other structures coverage, personal property coverage, and personal liability coverage […]
Did you ever hear the myth about homeowners insurance that it covers every disaster or loss imaginable? Those who believe this misconception usually find out too late that their policy doesn’t cover many ‘presumed to be covered’ disasters. To prevent surprise costs, you need to be clear about the terms before you agree to them. Here are 4 common myths about home insurance that you should be aware of:
1. Coverage Against All Floods:
People who haven’t taken the time to understand the terms of their standard homeowners insurance might assume that flooding is automatically covered […]