Quick Homeowners Insurance Policy Facts
insurance policy has replacement cost coverage included. It is very inexpensive and it provides for full replacement value on your home, and all of its contents.
What Is Liability Coverage?
Every homeowners insurance policy includes liability coverage to protect you from claims due to no fault of your own. This would include coverage in case one of your trees fall on the neighbors car, or your dog bites someone. Of course there are many other ways your home owners insurance liability protects you, but this gives you a good idea.
What About Renters Insurance?
If you do not own the home your living in, be sure to get renters insurance. Renters insurance provides coverage for your possessions in the event of a loss, and gives you liability coverage as well. Renters insurance policies are quite inexpensive and worth having. They also include coverage for loss of use in the event you can’t stay in your home or apartment due to a catastrophe.
Hopefully you now have a better understanding on what a homeowners insurance policy covers. Be sure to spend a minute and look over your policy. You want to have to guess or find out later that you don’t have coverage or when a disaster strikes. If you have questions, call your insurance agent and find out all the facts about your homeowners insurance policy.
You can find out more about homeowners insurance as well as much more information on all types of insurance at http://www.insurance.infofroma-z.com
On this week’s episode of Show and Tell with The 2 Mortgage Guys, we’ve got special guest Alan Girton with Indiana Farm Bureau Insurance. Alan will be covering explaining the things you need to know when shopping for homeowners insurance and building your policy for your new home.
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