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Homeowners Insurance |
CNNMoney.com
May 24
Comment
Reviewing your homeowners policy may not rank high on our annual home-maintenance checklist. Yet following the five steps below will save you big bucks now and a lot of grief down the road.
CNNMoney.com
May 23
Comment
Reviewing your homeowners policy may not rank high on our annual home-maintenance checklist. Yet following the five steps below will save you big bucks now and a lot of grief own the road.
New York Times
May 22
Comment
Dog bites account for a third of homeowner's insurance liability claims paid out, according to an industry group.
Insurance Journal
May 16
Comment
Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance provider. Homeinsurance.com said the typical premium for a new policy in December 2011 was $810 nationwide, up from $682 in...
Insurance Journal
May 9
Comment
Hilltop Holdings Inc. a Dallas-based holding company that through a subsidiary provides fire and homeowners insurance to low value dwellings and manufactured homes, and Dallas-based PlainsCapital Corp., the financial services holding company for...
Insurance Journal
May 9
Comment
Alabama Gov. Robert Bentley has signed into law a measure (HB 2) that prohibits texting while driving. “Signing this bill sends a message that drivers need to focus on driving – not on sending a text,” Bentley said. “There is …
Forbes
Apr 26
Comment
Let’s face it, home insurance costs seem to go up every year even as housing prices come down. But going without insurance is too risky. So, we grit our teeth and pay the bill each year. Of course, we could competitively shop the policy...
Dividend Stocks
Apr 16
Comment
As with other insurance policies, home insurance is a ‘just in case’ investment; by spending a comparatively small amount of money now, you can protect against having to spend large amounts of money in the future, in the event that your...
Reuters
Apr 11
Comment
As weather disasters strike with more frequency, homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their...
Insurance Journal
Apr 10
Comment
As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their...
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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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