HOME INSURANCE

Home insurance is a type of insurance that is primarily designed to protect homeowners against damages and losses of their homes. This type of insurance also covers damages and losses to the assets in the insured house. House insurance is important for all homeowners that want to protect their properties.

Getting affordable homeowners insurance can sometimes be a herculean task, especially if you are buying it for the first time. However, if you are well equipped with the knowledge of the things you need, you can experience a smooth, seamless process of getting affordable home insurance.

 

What Does Home Insurance Cover?

From HO-1 to HO-8, there are various tiers of homeowners insurance policy. Nevertheless, most of these policies have similar coverage. House insurance covers:

  • Property

This coverage includes the structures of the house as well as its contents such as the furniture and electronics. This insurance makes sure that homeowners any damages or losses to the structures and contents of their house.

  • Liability

This coverage for bodily injury as a result of damage or loss to your property. Also, it protects you against any property damages to other individuals that you are liable for after any disaster to your home.

Although the coverage of home insurance is usually explained by the insurance companies, you should not shy away from asking questions so that you can have a full understanding of the coverage of the insurance policy you are buying. Also, many insurance companies have various exclusions and conditions in their insurance packages, and this will affect the level of protection you can get in case of any disaster. Therefore, you will do yourself lots of disservices if you do not ask enough questions.

 

Factors Determining Insurance Premiums When Buying Home Insurance

Premium is the money you are required to pay when buying an insurance policy. If you are looking for affordable homeowners insurance, a few factors will play key roles in determining your premiums. These factors include:

  • Location

The location of your home will affect your premiums. For instance, if you live in an area where extreme weather conditions , your premiums will be high. The reverse will be the case if you stay close to the station that can help you deal with fire accidents and other emergencies.

  • Individual factors

Various individual factors that make your home susceptible to damages also affect your premium. An example of individual factors that can increase your premium is smoking as it increases the of fire .

  • Features of the home

The type of structure, as well as the roof and age of your home, will determine your premium. For instance, new houses will get a premium than old houses.

  • Previous insurance claims

If you have claimed your in the past, you may be required to pay more premium than an individual that has not claimed it before.

  • Security systems in the house

If you have installed security devices in your home, your premium will be low. The security devices that can lower your premium include:

  • Fire extinguishers

  • Burglar alarm system

  • Deadbolt locks

  • Smoke detectors

  • Sprinkler system

Do not leave the safety of your properties at the mercy of disasters or damages, buy affordable homeowners insurance and enjoy endless peace of mind.

Location : 822 9th st suite 1 Modesto, CA 95354    Contact : a.sandoval@thesourceautoinsurance.com

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