Leesburg, Virginia Home Insurance
If your home is damaged or destroyed by a fire, earthquake, or some type of natural disaster, you will be accountable for the complete cost of rebuilding your home. Home insurance may be able to replace your personal possessions or protect you if you are liable for damage to someone else’s property or an injury sustained on your property. Along with that, you could also receive coverage to deal with court fees, food and shelter if you have to leave your home. Having a discussion with an insurance agent can help you choose which form of insurance fits your lifestyle.
Purchasing a home is one of the largest purchases anyone will make in their life, both financially and emotionally, and it is essential to protect that investment. Home insurance can be a great benefit to ensure that you are covered in case your home is destroyed or damaged.
Home insurance can vary from larger policies to basic liability coverage that cover your personal property or the structure of your home. Home insurance can also include special policies that protect your home in case of a fire or earthquake.
Meet with an experienced agent from HIS Insurance & Services today and find out what type of home insurance best fits your needs.
HIS Insurance & Services provides customers with insurance policies similar to the following:
An HO-1 homeowner’s insurance policy gives you fundamental coverage. It covers destruction caused by certain incidents, including fire, lightning, windstorms, hail and explosions. These programs also usually cover damage triggered by civil disturbance and volcanic eruptions. Since this policy is very narrow, many states don’t usually offer it to customers.
This policy safeguards you from 16 types of events, including damage from theft, vandalism and riots. An HO-2 policy will take care of hail damage, windstorm damage and broken glass, along with smoke damage and wreckage caused by a vehicle. If your pipes burst or your roof collapses, this policy will also take care of that.
HO-3 policies cover all possible grounds of damage to your property and belonging loss, with the exception of specifically listed events. Exclusions contrast from policy to policy, so read yours conscientiously to understand what is going to be excluded.
Basic vs. Extra Coverage
Fundamental homeowner’s insurance typically covers the money it will cost to repair impaired property, as well as the restoration costs if your home is damaged. It also covers your belongings, but the contents of your household are only covered for up to 40 percent of the home’s insured value. Extra coverage will protect you against earthquakes and fires, as well as dealing with the loss of private property like computers, jewelry and cameras.