Protecting your Real Estate- All About Homeowners Insurance

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Another common addition to a standard homeowner’s policy is earthquake insurance. Earthquake insurance usually carries a very large deductible, about 5 to 10 percent of the replacement cost. If you live in an older home, the insurance company may require that your home be secured to the foundation with anchor bolts. This can be installed by your local contractor or structural pest control company.

If you live in a flood prone area you lender might require you to obtain insurance through the National Flood Insurance Program.

Insurance agents will want detailed information about the property being covered prior to issuing the insurance policy. Insurance agents will commonly want to physically inspect the property.

There are insurance premium discounts available if the home has a smoke and security alarm, close to a fire hydrant, is new or remodeled.

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