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Home Insurance (10)

Well an Umbrella policy is quite simply extra liability insurance. You would purchase this if you had a higher net worth or income level then offered on the home policy. Each state has different statues of limitations. Best to consult a insurance professional to find out if this is something you would need in your area.

Category: Home Insurance

Here are a few things you can do. Raise your deductible. Get more than 1 policy with the same insurer. Get extra protection for your home like monitored fire and burglar alarms. Depending on the insurer there may be a bunch of more options.

Category: Home Insurance

This coverage is what protects your assets and income in the event of a lawsuit. Say your dog bites someone. Liability claim.

Category: Home Insurance

That is a loaded question. It depends on your personal situation. If your buying a home and using a mortgage company to do so they will tell you the minimum you need. That is not always enough though. Its best to work with a professional and get a policy tailored to your situation.

Category: Home Insurance

Short and easy answer it only gives you the money back for the value of the item at the time of loss. Very similar to how you insure a car. Example: If you have a 2013 Honda that you paid $30k. If you crashed said vehicle today its only worth say $15k. that is what you receive. This coverage can be applied to your home and personal property depending on the policy.

Category: Home Insurance

Short and easy answer this coverage replaces what is lost with a new like item.

Category: Home Insurance

It’s a big ticket item that self-insuring does not work for in most claims situations. If you buy a $150k home and it burns down, how easily would you be able to come up with the money to replace it?

Category: Home Insurance

No, but if your financing you’re financing your home most mortgage lenders will require the appropriate coverage. Honestly, you should always insure your property.

Category: Home Insurance

Many of them yes you can through riders on the policy, or purchasing an extra policies.

Category: Home Insurance

No. It commonly covers fire, windstorm, hail, lightning strike, smoke, explosion, theft vandalism, etc. Most policies exclude earthquakes, flood, power failure, war, nuclear explosion, neglect, ordinance of law, and intentional damage.

Category: Home Insurance
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