Home insurance protects the homeowner against financial loss from theft, storms, fires, floods and all other causes explained in your policy. Read your policy carefully to understand your coverages. Reading policy is not enough, you also need to know your rights. All states have renter's insurance and a consumer bill of rights to help you in the event you file a claim against the homeowner's insurance company. Your home insurance company should send you a bill of rights with the policy.
Don't wait until you have made a claim to review your policy and know your rights.
Here are some reasons why you should buy home insurance.
It is recommended that you take out home insurance, which covers five or six covers rather than a specific policy for a specific cover. Buying separate fonts will cost you.
The homeowners policy includes five coverages.
Home Coverage: This home insurance policy coverage will pay you for damage to your outstanding building like a garage or sheds and your home.
Personal Property Coverage: This will pay when your household items like furniture, TV, gel, or clothing are stolen, damaged, or destroyed.
Liability Insurance: This protects you in case you are responsible for someone else's injury or property damage. In such cases, home insurance will soon provide you with a minimum coverage of 20,000 USD. Policyholders can purchase an additional premium of $1 million.
Medical Payments Coverage: It pays all medical bills if anyone gets hurt even on your property premises. Medical coverage also covers certain injuries such as your dog biting someone in your home. You can get basic coverage for $500. This can be increased up to $5000 by paying an additional fee.
Loss of Use - If your home is damaged for any reason and you have no place to live in such condition, your living expenses will be paid by the Homeowners Policy.
So you can secure your home and your life with a home insurance policy.
