Insurance You Need to Have For Your New Home
It's kind of overwhelming when you move into a new house and you have to purchase a lot of big ticket items.
You spend money on furniture, appliances, decorating, and now you have to come up with money for protecting all those new possessions.
This is where insurance comes in handy.
Insurance protects your assets in case of damage or theft.
A storm may blow up and toss a tree on your roof or a lightning bolt could hit your roof and start a fire.
You just never know when a catastrophe could strike and your house could be in the middle of it.
One time two people were electrocuted in my backyard because they touched the electrical wires with an aluminum pool net while trying to catch a bird.
My homeowner's insurance paid their families a liability payment just because they were standing in the back of my yard.
My point is you just never know when you may need insurance.
It is very important to buy insurance because if you don't and you have to replace the items, you will find that you are talking about an overwhelming amount of money.
You can purchase insurance online or from a neighborhood broker.
You will find when your purchase insurance that if you buy all of the insurance you need from one company then you usually will receive a multiple product discount.
Here are the types of insurance coverage you should hold as a responsible homeowner:
One thing you don't want to be surprised about after a claim is the limits to your coverage.
You spend money on furniture, appliances, decorating, and now you have to come up with money for protecting all those new possessions.
This is where insurance comes in handy.
Insurance protects your assets in case of damage or theft.
A storm may blow up and toss a tree on your roof or a lightning bolt could hit your roof and start a fire.
You just never know when a catastrophe could strike and your house could be in the middle of it.
One time two people were electrocuted in my backyard because they touched the electrical wires with an aluminum pool net while trying to catch a bird.
My homeowner's insurance paid their families a liability payment just because they were standing in the back of my yard.
My point is you just never know when you may need insurance.
It is very important to buy insurance because if you don't and you have to replace the items, you will find that you are talking about an overwhelming amount of money.
You can purchase insurance online or from a neighborhood broker.
You will find when your purchase insurance that if you buy all of the insurance you need from one company then you usually will receive a multiple product discount.
Here are the types of insurance coverage you should hold as a responsible homeowner:
- Property Insurance - This type of insurance covers damages to your home that may result from fire, wind or other accidents.
Property insurance covers structural damage that may occur to your house.
Additionally it normally includes medical coverage to persons that may be injured on your property. - Contents Insurance - You need to make sure that you have insurance that will cover the replacement of any of your possessions that may get damaged.
Many times it will be included as part of the homeowner's policy, but you have to double check for this important insurance. - Disaster Insurance - If you live in an area that is subject to floods, earthquakes or hurricanes, you may need to purchase additional insurance to cover these weather catastrophes.
Most homeowner's property insurance doesn't cover it.
Exclusions will normally be noted on your policy.
One thing you don't want to be surprised about after a claim is the limits to your coverage.