New Alberto Homeowners insurance
What is homeowners insurance?
Sometimes referred to as home insurance, homeowners insurance is an insurance policy that homeowners purchase in order to protect the structure of their home, the personal belongings they keep inside their home, and any other external structures which exist on their property. For the most part, home insurance is designed to protect homeowners against the financial consequences of natural and manmade disasters. For example, if lightning strikes your roof and ruins your satellite dish, you can file a claim with your insurance company to see if they will cover all or part of the cost of fixing the damage and replacing the dish. But this is only one example. There are a million things that could happen to your home at any time – and without the right home insurance, you could leave yourself vulnerable to financial risk. Read more...
Most expensive homeowners insurance premiums by state
Most affordable homeowners insurance premiums
Understanding the claims process
When something damaging happens to your home, your personal property, or a visitor, you may need to file a claim. The first thing you should do is immediately document any damage by taking photos. If the damage is minor – especially if it would be less expensive to repair/replace than to pay your deductible – it may be a good idea to avoid filing a claim. This will keep your annual premiums down and keep more money in your pocket over time. If the damage is more than you can financially handle on your own, be prepared for a long and complicated claims process. You can learn more about filing claims and how to make sure your claim is honored fairly on our claims page. Read more...
Perils are destructive disasters or events which may happen to your home at any time and result in either damage to or destruction of your property. Perils are the main reason homeowners insurance exists in the first place – to protect people from the expenses associated with recovering from a peril. If the peril in question is covered by your insurance policy, then your filed claim will likely be honored and the claims process should be relatively simple. If a specific peril peril is not covered by your policy, then there’s a high likelihood that you will be responsible for most, if not all, of the expenses required to replace/repair your damaged property.
In this article, we’ve really only touched the surface of what homeowners insurance is, how it protects you, and why it’s so important to be well-informed. Many homeowners insurance topics are nuanced enough to require a more detailed explanation. And you can get that info by clicking the links below: