You might be one of millions of homeowners who believe that their homeowners insurance policy covers them for all types of losses. That assumption is false. Homeowners insurance does not cover specific items, events or disasters. To compare up to 5 quotes, use our quick online forms located here. You will have to get additional coverage, if you want to maximize the protection of your:
There are several types of optional coverage that can be used as add-ons to your homeowners insurance. However, to determine what type of additional coverage fits you, ask yourself the following questions:
After answering those questions, you should have a better idea of what type of options you can configure into homeowners insurance policy:
According to the Better Business Bureau, homeowners insurance will not cover damages, if your house floods. It is too costly to homeowners insurance agencies, because of the following:
To purchase flood insurance, visit the National Flood Insurance Program (NFIP) online for more information
If you live in an earthquake prone area, damaged caused by the shaking of an earthquake is not covered in homeowners insurance. Like flood insurance, damage is often widespread with earthquakes. However, you can get earthquake insurance by contacting your state’s insurance department or from certain insurance companies.
Many underwriters now offer a substantial discounts if you have a monitored security system with savings up to 20%. There are even smaller discounts for things such as dead bolts or being near a fire hydrant. Ask your agent if they offer discounts for security devices and then ask what those discounts are.
Homeowners insurance usually covers your assets, but only to a certain percentage. That percentage depends on which homeowners insurance agency you conduct business with. If you wish to insure a specific, expensive jewelry, you should consider purchasing a floater, a special endorsement to your homeowners insurance policy.
There is a possibility of your identity being used by an unwanted party, and your homeowners insurance will not cover the loss of your finances. According to Bankrate.com, identity theft protection:
Homeowners insurance insures the structure of your home, but it does not insure everything in it. Therefore, you should prevent the pain of dealing with structural or asset damage from unfortunate events. In addition, be sure to do your research the history of your home and the geology of the area. In the end, it is best to avoid unwanted surprises with additional homeowners insurance coverage.
Save time and money by filling out our free homeowners insurance quotes form locarted here. A few minutes can get you connected with a homeowners insurance agent that can provide you with the coverage you need.
Published: Wednesday 11th March 2009
