What you should know about homeowners coverage.
If you own a home, then you know that you should secure homeowners insurance. That being said, you may know very little about this form of coverage. To help you understand this essential type of insurance, here are the answers to some of the most common home insurance questions.
Do I really need home insurance?
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.
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 if 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:
- Theft or vandalism
- Pet liability issues
- Injuries that take place on your property
What should I look for in an insurance provider?
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.
These are the answers to some of the most common homeowners insurance questions. Do you have more questions about your home coverage? If so, then turn to an independent insurance company that always has your best interests in mind. For assistance with all your coverage needs, contact the experts at Steve Wilk Insurance. Check out our new office today at 310 S Main Street, Suite C, Lombard, IL 60148.