The vast majority of homeowners in the United States carry some type of insurance on their property. However, only a small percentage of those policyholders understand the intricacies of the contracts they signed with their insurance providers. In this article, you’ll find answers to some of the most common questions about homeowner’s insurance:
Most U.S. homeowners insurance policies include some amount of liability coverage in the event of a lawsuit. If the homeowner’s dog bites a guest or an accident occurs on the property, this policy protects the homeowner up to the total amount of coverage he or she holds. Should someone sue, the insurance company will be able to pay out the damages from the lawsuit—thus saving the homeowner money on attorney fees and damages.
If you have recently purchased new furniture, upgraded your kitchen, or otherwise made modifications to your home, the answer to the question may be “no.” During your next insurance renewal cycle, sit down and calculate the total worth of the possessions in your home and check to make sure that your homeowners policy’s property coverage meets or exceeds that amount.
For most individuals, the answer is “no.” If you still carry a mortgage on your property, you may be legally prohibited from cancelling coverage by the bank that holds the lien to your home. The policy also provides essential coverage in the event of a burglary or fire. However, an insurance agent may help you understand your options or allow you to change your coverage from one provider to another in order to save on monthly payments.
Damberger’s Insurance Agency is a insurance agent based in Mountain View that has sold insurance to Northern California residents for over 50 years. If you have questions or are looking to switch your homeowners insurance policy, call our team today at (888) 716-6936 to see how we can help you carry the correct amount of coverage for your property.
Homeowner insurance is essential for several reasons. The primary function of this type of insurance is to provide protection for homeowners in the event of a disaster, such as a fire. When misfortune strikes, homeowners insurance can provide much needed financial relief that helps with the replacement of lost possessions. What some individuals may not realize is that homeowners insurance can also offer cover liability compensation in case a guest suffers an injury on the property and files a personal injury claim.
The fees associated with homeowners insurance can greatly vary from one customer to the next. The value of the home largely determines the cost of coverage. The estimated worth of one’s possessions can also influence the price of a homeowner’s premiums. Should a homeowner decide to purchase supplemental coverage, such as earthquake insurance, those costs will be added to the conventional homeowner’s insurance fees.
Homeowners insurance is a necessity for every individual who purchases a home. The key to securing a more attractive premium rates for homeowners insurance is consulting an insurance agent. An agent can provide useful information for lower premium costs, including installing smoke alarms and other safety features that reduce the risk of home damage.
Let Damberger’s Insurance Agency help you find the best homeowners insurance policy for your needs. We can help you secure comprehensive coverage at the most affordable rates. Call our Mountain View office at (888) 716-6936 or visit our website for more information.
For more information about homeowners insurance, please complete our online form or give us a call to speak with one of the knowledgeable agents at Damberger’s Insurance Agency.