Insurance Marketplace, Inc Blog
Home Insurance helps give you financial security for all your personal belongings and home. Here are some basic facts about home insurance:
What Is Home Insurance?
Home insurance contains several coverages that could support you and pay for your belongings and home's replacement or even repairs if they become damaged because of certain dangers like theft or fire. Home insurance also shoulders expenses if you unintentionally damage other people's properties or if a guest gets injured inside your house.
What Does Home Insurance Cover?
An average home insurance policies cover damages caused by lightning, fires, hail, and windstorms. However, it is worth noting that this policy covers not all types of natural disasters.
For example, incidents and damages caused by floods and earthquakes are not usually covered by home insurance. You can get an individual insurance policy to protect your home and its belongings against those types of perils.
Types of Home Insurance
Here are the types of home insurance you can choose from:
The most basic and most common home insurance policy is called Dwelling Protection. This type of policy covers your home structures such as the walls, roof, and even the house's foundation. Dwelling protection can also safeguard other external structures attached to your house like your deck and your garage against certain types of dangers.
Personal Property Protection
Home insurance does not just cover the damages done to your home. This type of insurance could also protect your personal properties and belongings that you keep inside your home. For example, if your electronics were stolen inside your home or that your furniture becomes damaged by fire.
This type of home insurance policy could help you pay for the repairs, or it could even replace your belongings if they are destroyed or ruined by a covered threat.
There are plenty of insurance companies that also offer additional coverages that could further help you protect your assets. For example, you could also purchase extended coverage for items like watches, fur, jewelry, and other valuable items.
Other Structures Protection
Most home insurance policies include coverages for the other structures and installations on your property. These structures are separated from your homes, such as a tool shed, fence, and a detached garage.
Home insurance helps you protect your home from unexpected occurrences and perils. It is always a good idea to talk to a professional to help you choose the right one for you and your family.
At Insurance Marketplace, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (541) 779-0177 or Click Here to request a free quote.