Below you will see a range of home insurance providers for the US. Regardless of whether you own your home or are a tenant, home insurance is vital to ensure that you are covered for the many risks that are posed to your home and home contents. Home insurance policies can cover external damage from bad weather to internal damage from a variety of sources Ė including small kids! If you own your home, taking out an adequate home insurance policy on the property will no doubt be high on the priority list. A valuable asset should be protected as much as possible, and even for people who live in relatively 'safe' areas theft and vandalism can easily occur. Make sure your home is properly protected with one of the home insurance policies listed below.
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Make sure your biggest asset is protected with the right Home Insurance. Donít take the risk.
Why is Home Insurance important?
Your home is probably the most expensive thing you own. With this in mind it is important that you make sure it is protected. Without home insurance you could face financial ruin trying to pay for repairs and replacements. Imagine if your house burned down and you didnít have the insurance. You may not be able to pay for the repairs but will still have to pay the mortgage. Home insurance is essential. A good policy will save you money in the event that something happens to your home or belongings. Although having home insurance is not required by law many mortgage lenders require that you have insurance in order to borrow money from them. Some tenantsí associations also require you to have home insurance.
What does Home Insurance cover?
Homes insurance comes in a number of different forms. You can get cover for any physical damage to your home cause by events like fire, smoke, natural disasters, vandalism, burglary, burst pipes, flooding and explosions. It will also cover you for personal liability for any injuries. You can get insurance for all of your belongings in your home such as furniture, bikes, electrical goods and valuable items. This protects you against any theft or damage to these items. Many insurance companies will also offer a wide range of additional cover options.
How much will it cost?
What type of house you live in and where you live will affect how much you will pay for the insurance. If you are in an area that is at more of a risk of something happening you should expect to pay more for the insurance. For example if you live somewhere where earthquakes or hurricanes are regular threats there is more of a chance of damage happening to your home and so it is likely your premiums will be higher. The exact cost of the insurance will depend on the type of cover that you buy and which insurer you decide on. You should be able to find policies that suit all budgets.
How do you keep prices down?
One way you can keep your premiums down is to improve your home security and install quality locks, alarm systems and timed lighting. This reduces the risk of you being a victim of theft and so reduces the amount you will by. You should also make sure you have good safety features such as smoke alarms which can also help lower premiums. You can find that investing in insulation which reduces the chance of pipes and tanks freezing will help to keep prices down. Also if you agree to pay a higher excess towards any claim you can keep premiums lower.
Finding the best Home Insurance policy
As home insurance is such a necessity there are many companies vying for your business. Coverage will differ between home insurers so it is vital to check your policy documents. You need to find a policy that can be tailored to your needs and only take out the amount of cover that you need. However, cutting back on the amount you take out could mean that should the worst happen and you need to make a claim, you are not covered. This is why the cheapest insurance is not necessarily the best. Therefore, you need to find a happy medium and read through the policy thoroughly to see what is and what isnít covered. To ensure you choose the best insurance policy at the most affordable price, be sure to compare policies from many different providers. You can use the table above to help you compare policies which will help you find the best suited to you and your finances.
03 April 2014
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For almost every homeowner it is essential to have a good insurance policy on your home. This gives you the assurance that your greatest asset is protected from catastrophic losses such as those incurred by natural disasters, theft or fire.
25 November 2011
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The price of gold has rocketed over the last ten years, increasing by a massive 500% in value. This is great news if you own jewellery, coins or anything else made from the metal, but if your insurance policy doesnít cover the increase then you could be in danger of losing out.
21 November 2011
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The value of gold has shot up over the last ten years. This is great news for owners of the precious metal but not so good if you are not insured for your jewellery, coins, medals or anything else made from gold. This massive increase has left many without insurance cover, even if they think they do have it.