Homeowner Insurance provides financial protection against natural disasters. A standard policy insures the home itself and the things you keep in it. There are several different forms of Homeowner insurance, we are happy to discuss the variety of coverage and endorsements with you.
Homeowner Insurance is a package policy. This means that it covers both damage to your property and your liability or provides legal responsibility for any injuries and property damage you or members of your family cause to other people. This may include damage caused by household pets. When there is a loss your policy has a deductible that applies and will need to be considered before contacting your carrier to report a claim. We highly recommend carrying a high enough deductible to help you remember that insurance is not for minor (less than $1,000 repair) claims, but to protect you from the major financial hardships ie; roof replacement, water damaged basement, tree damage, etc. Please see links below for more information regarding deductibles and differences in homeowner policies offered.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverages depending on where you live, some of these risks may be covered by an endorsement. Maintenance-related problems are the Homeowner’s responsibility.