Here’s what you need to know about your home insurance.

As a first-time homeowner, you may know next to nothing about homeowners insurance.  However, part of making informed coverage decisions is understanding what home insurance is designed to do.  To help you out, here are the answers to common homeowners insurance questions.

What does home insurance cover?

Standard homeowners insurance is designed to cover two main things: your property and your liability.  This means that your policy will cover damages to your home and belongings.  Additionally, your policy will also offer coverage in the event that you are liable for third-party injuries or property damages.  Typically, policies will contain a list of perils that they cover.  For instance, your policy likely offers coverage for the following:

  • Fire
  • Lightening
  • Wind
  • Hail
  • Explosion
  • Smoke
  • Theft or vandalism
  • Pet liability issues
  • Injuries that take place on your property

Is home insurance an essential coverage?

In short, yes.  If you own a home, then you need homeowners insurance to protect the physical structure of your home, your personal belongings, and your personal liability.  Without homeowners insurance, you would be left to cover the cost of damages and losses all on your own.  As most people do not have the savings to cover these risks, mortgage lenders actually require homeowners to carry some minimum level of home insurance.

How do I find a good home insurance company?

When you start shopping for home insurance, it’s important that you consider policies from multiple carriers.  The insurance provider that you choose should demonstrate excellent customer service and in-depth knowledge about the industry.  You should also seek out independent insurance agents as they have access to coverage options from multiple carriers.  When you work with an independent insurance agency, you have a better chance of finding a policy that suits your needs and budget.

This is what you need to know about home insurance.  Are you looking for a good homeowners insurance provider to work with?  If so, then contact the experts at Scautub Agency in Scotia, New York.  Our dedicated team is eager to assist you with all your coverage needs today.