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Homeowners Insurance

Purchasing a home is a huge investment. It’s one of the biggest purchases most people make. That’s why it’s a great idea to have homeowners insurance. Without insurance, you could find yourself homeless or bankrupt in the event of a disaster. If something happens to damage or destroy your home would you be able to recover? The answer is yes if you have the insurance.

Homeowners insurance is insurance coverage for your home. The policy usually covers your home against damages from a variety of mishaps, including fire and tornadoes. It also provides liability coverage. Liability protects against mishaps such as someone falling and injuring themselves on your property or your dog biting someone.

This coverage is for anyone who owns a home and lives there. And if you have a mortgage, then the lender will probably require home insurance.

How Coverage Works

When you need to file a claim, contact your insurance agent. An insurance adjuster will evaluate the damage and determine if the insurance will cover it. The insurer will then either pay the costs minus your deductible or refuse your claim.

Coverage

Homeowners insurance is a pretty standard type of coverage. Things such as fire, wind and hail damage are always included. And things such as damage from flooding, earthquakes and unnatural acts, such as plane crashes are usually excluded. However, you can add additional coverage for various incidents.

Benefits

This coverage provides financial support if your home is damaged. It also will provide support if you’re ever sued because of someone being hurt on your property. There really isn’t a downside to having this protection.






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