Home Insurance in Strasburg, Virginia
If your house is damaged or destroyed by an earthquake, fire, or some type of natural disaster, you will be liable for the complete cost of rebuilding your home. Purchasing home insurance can replace your personal belongings or protect you if you are liable for damage to another person’s property or an injury sustained at your home. Similarly, you could also get coverage to handle court fees, food and lodging if you have to exit your home. Discussing options with an insurance agent can help you decipher which type of insurance best fits your life and budget.
Making the decision to buy a house is one of the most expensive purchases anyone will make in their life, both emotionally and financially, and it is important to protect that investment. Buying home insurance can be a great benefit to ensure that you are protected in the scenario that your house is destroyed or damaged.
From larger policies to basic liability coverage, homeowner’s insurance can vary in the coverage for the structure and personal property in your house.
What your policy covers depends on the insurance type that you buy. To learn what kind of homeowner’s insurance best suits your needs, talk to a qualified agent from HIS Insurance & Services now.
Insurance agencies like HIS Insurance & Services generally offer the following kinds of policies:
An HO-1 homeowner’s insurance policy provides you with basic coverage. It covers destruction caused by particular events, including fire, lightning, windstorms, hail and explosions. These programs also usually cover damage instigated by civil conflict and volcanic eruptions. Since this policy is very limited, many states don’t usually offer it.
This policy safeguards you from 16 types of events, including damage from theft, vandalism and riots. It also covers hail damage, windstorm damage and broken glass, along with smoke damage and wreckage caused by a vehicle. If your pipes rupture or your roof collapses, this policy will also cover that.
HO-3 policies cover all possible causes of destruction to your property and asset loss, with the exception of precisely listed events. Exclusions differ from policy to policy, so read yours conscientiously to recognize what is going to be left out.
Basic vs. Extra Coverage
Simple homeowner’s insurance typically covers the money it will cost to restore impaired property, as well as the replacement costs if your home is damaged. It also covers your belongings, but the items inside your house are only covered for up to 40 percent of the home’s insured value. Additional coverage will shield you against earthquakes and fires, as well as covering the loss of personal property like cameras, computers and jewelry.