4 Homeowners Insurance Basics You Should Know

Insurance - Home Icon on Multicolor Puzzle.Top 4 Home Insurance Basics

Homeowners insurance is meant to provide coverage for any unfortunate situation, which is why it is important to make sure that you invest in the right policy. Make sure to keep these 4 homeowners insurance basics in mind to ensure that you have the right amount of coverage for your specific needs.

  1. What is covered – for the most part, typical homeowners insurance policies will provide coverage for a variety of different perils, including fire, vandalism, theft, and certain storms. It will also provide liability coverage if someone is injured on your property.
  2. What is not covered – just as important as knowing what is covered, is knowing what is not covered. Typical homeowners insurance policies will not provide coverage for nuclear hazard, bad workmanship, power failure, and earth movements, such as earthquakes and landslides. There are separate insurance policies that are available that will provide coverage for most of what is not protected by a homeowners insurance policy.
  3. Make sure to shop around – not all homeowner’s insurance policies are the same. Shopping around will help to make sure that you invest in the right amount of coverage for your specific needs.
  4. Keeping your home well maintained – insurance companies try to pay the smallest amount to repair damage, which is why they encourage prevention and early detection. Keeping your home well maintained would help to ensure that you do not have to make an expensive claim to fix serious damage. Some claims may even be rejected if your insurance company finds out that the damage was caused by a lack of maintenance in your home.

For all of your homeowner’s insurance needs, contact the insurance professionals at Alliance Group in Fairport, New York. We will work with you to ensure that you have the right amount of coverage, all at the right price.