Woodstock, Virginia Home Insurance
The repercussions of home ownership without any insurance can be very exorbitant. If damages occur, the responsibility will lie with you. Home insurance may be able to replace your personal possessions or protect you if you are responsible for damage to another person’s property or an injury sustained on your property. Along with that, you could also receive coverage to handle court fees, food and lodging if you have to abandon your home. Discoursing with an insurance agent can help you figure out which type of insurance fits your lifestyle.
Choosing to buy a house is a huge financial and emotional investment and it is essential to keep the investment protected. Home insurance can be a great benefit to ensure that you are covered in the scenario that your house is destroyed or damaged.
Homeowner’s insurance can vary from more comprehensive policies to simple liability coverage that provide coverage for your home’s structure and personal property. There are also special policies that insure your house in case of a fire or earthquake.
Meet with an experienced insurance 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 provides you with essential coverage. It deals with destruction caused by certain incidents, including fire, lightning, windstorms, hail and explosions. These policies also usually cover damage instigated 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 against 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 erupt or your roof caves in, this policy will also protect that.
HO-3 policies cover all possible grounds of destruction to your property and possession loss, with the exception of explicitly 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
Basic homeowner’s insurance typically covers the money it will cost to restore compromised property, as well as the auxiliary 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 fires and earthquakes, as well as covering the loss of individual property like computers, jewelry and cameras.