What is Homeowner Insurance and Why Do I Need it?
Home owner insurance compensates you for losses to your home and your possessions inside it, so purchasing a home owners policy provides added security for your investment. Home owner insurance also protects you if you’re legally liable for someone’s injuries on your property, as well as from financial losses caused by storms, fire, theft and other events outlined in your policy.
Learn About Standard Home Insurance Coverage.
Taking the time to understand what types of home owners insurance coverage are included in your policy can help you understand what it protects. Most home insurance policies that Faith Shield Insurance offers include standard coverage, like:
•Dwelling (home structure): This type of insurance is what can help protect the physical structure of your home, like the walls and the roof.
•Other structures: This type of insurance can help protect the physical structure of buildings on your property that are separate from your home, such as a shed or a stand-alone garage.
•Personal property: Personal property coverage can help protect the belongings inside your home, which can include belongings like furniture, bicycles, stereos and more. If these belongings are stolen or damaged outside of your home, personal property coverage could also help you replace them.
•Liability protection: Liability insurance can help protect you if someone makes a claim against you or sues you for damages after being injured on your property.
•Guest medical protection: This type of coverage can help cover the cost of medical expenses for a person who's injured on your property.
•Additional protection: Standard home owners policies that Faith Shield Insurance offers through the insurers can include additional protection. One example of this is reimbursed living expenses coverage, which can help cover increased living costs like hotel stays in the event your home is uninhabitable after a covered loss.
Secure Your House and Possessions with Homeowner Insurance.
For homeowners, insurance protection is an important aspect of Home ownership. Buying home owner insurance, also called home insurance, means buying protection for your home — both inside and out. We offer replacement cost coverage for the incidents listed below:
- Water or Steam.
- steam or hot water heating systems and water heater.
- Fire or lightning.
- Windstorm or hail.
- Explosion.
- Riot or civil commotion.
- Falling objects. Aircraft
- Vehicles.
- Smoke damage: sudden and accidental
- Vandalism.
- Theft
- Weight of ice, snow or sleet.
- Artificially generated electrical current.
- Freezing of plumbing, heating, air-conditioning, fire protection systems or appliances
More Coverage Offers More Protection.
You can choose from many different optional coverage types that can help protect your home, your belongings and your family beyond the standard home insurance coverage types. An example of an optional coverage you could choose is identity restoration coverage, which can offer added protection in the event your identity is stolen.
You can add optional coverage to you homeowners policy, but you can also purchase separate insurance policies that offer more protection. Flood protection is not included in most home insurance policies, so to get it, you'll likely need to purchase flood insurance. You can also get liability protection beyond your current home and auto policy limits with personal umbrella insurance.
The homeowners insurance coverage and policies you choose will depend on the type of protection you want.
Contact us to discuss your options and understand what your insurance can cover.
