For most of us, our home is the biggest investment that we'll ever make. It is important to properly insure your home with a stable company that offers fast, efficient claim service. Weather-related disasters have caused a tightening in the availability of home insurance in many areas, most notably hurricane-prone areas.
A wide variety of property insurance policies are available to fit almost every situation. Most homes are eligible for coverage under a homeowners policy, a policy that includes coverage for damage to your home plus other supplemental coverage such as personal liability protection. Standard homeowners policy forms can be endorsed to cover a condominium or a renter's contents.
Other more basic policy forms are also available. These policies generally cover fewer perils and are less expensive. Some insurance companies will offer a very basic fire-only protection. When you purchase a home policy, be certain that you understand the type of coverage the company offers. It is also important to make sure the policy includes personal liability coverage. While inexpensive, this coverage can protect you from financial disaster in the case of a covered incident.
It is important to remember that homeowners and other fire policies do not automatically cover damage from flood or rising water or earthquake. While inexpensive, these are important additions to your insurance policy.
