Homeowners Insurance

RECENT NEWS
Insurance Journal  Jun 20  Comment 
Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss Ratings has identified seven...
Insurance Journal  Jun 7  Comment 
Like thousands of other Floridians, I recently received my homeowner’s insurance renewal statement only to learn that my premium was increasing by a double-digit percentage – nearly $600 annually. But like most homeowners who have a mortgage...
Insurance Journal  Jun 4  Comment 
American Traditions Insurance Co. (ATIC) has merged with its affiliate Modern USA Insurance Co. The two companies were launched under similar ownership shortly after the 2005 hurricane season to provide additional homeowners and manufactured home...
The Hindu Business Line  Apr 22  Comment 
A good home insurance can safeguard your property from financial loss
Insurance Journal  Apr 19  Comment 
The North Carolina Department of Insurance has reached a settlement with the North Carolina Rate Bureau on homeowner insurance rates that will increase rates statewide by an average of 4.8 percent. The agreement between the two parties effectively...
Benzinga  Apr 10  Comment 
Companies offer home warranties to lessen the blow of large repair costs for homeowners. A home warranty is a contract between a homeowner and a builder or an outside risk management company. They shield the homeowner from liability for large...
Benzinga  Apr 9  Comment 
It’s finally spring. For many, this means warmer air, rain, and some flowers. But it also means tornado season has begun and hurricane season isn’t far behind. Severe inclement weather can wreak havoc on buildings. Navigating the complicated...
Benzinga  Apr 3  Comment 
Congratulations! You bought your first house. As you may already know, when you buy a house with financing, you’re required to have homeowners insurance. Here are a few things to look for to get the best homeowners insurance. What Is...
Forbes  Mar 29  Comment 
Filing a homeowners insurance claim shouldn’t be complicated. Learn when and how to put in a claim when the unexpected happens.




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Understanding Homeowners Insurance

Property Protection

  • Dwelling usually covers the house, any attached structures, house fixtures, plumbing, heating, in-built air conditioning systems and electrical wiring.
  • Other Structures, other than those used for business purposes, covers detached structures like garages, storage sheds and land fixtures.
  • Personal Property covers all personal items in your home that are owned by you or family members who live with you. Protection for these items depends on actual cash value or replacement cost.
  • Loss of Use covers expenses in excess of your normal living expenses should you be forced to live anywhere other than your home during repairs or a government injunction.
  • Endorsements can be added to your homeowners insurance policy at an additional cost to provide extra protection against occurences like theft, inflation, credit card forgery etc.

Liability Protection

  • Personal Liability protects you and family members that live with you from a claim or lawsuit arising from bodily injury or property damage to others caused by an accident on your property. It generally does not provide protection for vehicle- and business-related incidents.
  • Medical Expenses, as the name indicates, pays the medical expenses for individuals who are accidently injured on your property, regardless of who is at fault for the injuries. It does not cover injuries to you or family members that live with you.
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