General, Insurance
Insurance 101 - The Learning Curve Series: Homeowners Insurance
February 5, 2009 by Scott Richardson · Leave a Comment
The most important thing about home insurance is to protect you and your property. A typical home insurance policy covers the structure (dwelling) and unattached structures not used for business. The events that are covered typically are most everything except a list of perils such as earthquake, flood, rot,and those others in your policy.
The personal property (contents) or the unattached items you own are covered typically only for a named list of perils such as fire, smoke, theft, and many others listed in the contract. Many types of personal property have limits such as theft of jewelery.
Even more important is your liability exposure, what if you are negligent and cause injury to some one? Are you covered?
How about if you need a place to live if your home is damaged due to a covered claim?
Will your rates go up if you have a claim?
Will you be cancelled if you have too many claims?
These questions and more can be answered by a simple phone call.
