Home Insurance

You may have heard about something called home insurance a lot while searching for your dream home and talking with realtors, brokers and lenders. This may have left you wondering to yourself, what exactly is home insurance? Well wonder no longer!
Homeowners insurance is what gives you financial protection in case your home or anything inside is damaged. There are many different types of policies you can choose from to cover your home. So what is or is not covered?
Most homeowners insurance policies will cover damage caused by fire, windstorms, hail, lightning, theft or vandalism. Usually, floods and earthquakes are excluded. Because of this, it is important to talk to an agent to see what your policy may or may not cover.
A standard policy has dwelling coverage. This means it pays to repair or rebuild your home such as electrical wiring, plumbing, heating and air conditioning. Personal property coverage is also included. This means you are reimbursed for personal items in your house that may be damaged or destroyed by a covered cause of loss. This includes things such as furniture, clothes and electronics.
Loss of use is another addition that is usually in a policy. This means that you are paid for additional housing and living expenses if you need to move out of your house temporarily while it is being restored. Liability insurance is another perk that is included. This helps to protect your assets and protect you in case you are in a lawsuit because you or your family members are responsible for causing injuries or damage to other people or their property.
Home insurance is something that is there to protect you and ensure you are always prepared for the worst. It is a great asset to have and can give you peace of mind as you settle into your new, dream home. So there you have it!

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