Homeowners Insurance

22 April 2021 Category: Homeowner Insurance

An Overview of the Different Types of Home Insurance Premiums

While you likely feel great about your home insurance policy, you may not be aware of the benefits of premium policies. Premium policies provide extra coverage that allow you to enhance your home insurance. Generally, home insurance premiums are paid on a monthly or semi-annual basis. Home insurance premium costs depend on the type of coverage that you are looking for.

Basic Home Insurance Coverage

Your basic home insurance coverage protects your property and personal items. You are covered if the interior and exterior of your home are damaged. You are also covered if your personal items are damaged or stolen. Basic home insurance coverage also includes personal liability protection. You are covered if someone gets injured while visiting your property or if you cause damage to someone else’s property.

In some cases, basic home insurance only provides adequate protection. That’s why you may need to consider purchasing premium policies. If you have a large home, premium coverage can fully protect your property. If you have a lot of valuable items, premium coverage can help protect those valuables if they are stolen or damaged.

Examples of Premium Coverage

1. Sump Pump Discharge/Water Back-Up

This type of premium coverage protects you if your home suffers damage due to water back up through sewers or your drains or if overflow leaks into your home through a sump pump. Sewage backup can cause serious damage to your carpet, furniture, and floors. If your sump pump is damaged, it can also cause problems in your basement. Premium coverage will take care of the costs associated with replacing carpet, floors, or furniture.

2. Personal Articles Floater

Personal articles floater coverage protects your most valuable possessions. Think of your expensive jewelry, furs, silverware, cameras, and any rare coins that you may have. This premium coverage protects your possessions if something happens to them.

3. Green Home Coverage

If you enjoy using eco-friendly products, green home coverage is an asset. This premium coverage protects any products, materials, and processes that you use to conserve natural resources, minimize water consumption, and reduce energy. These items will be fully covered if something happens.

4. Identity Theft Coverage

Identity theft coverage helps secure your personal information so that hackers will not be able to steal your sensitive data. You are covered if someone gains access to your Social Security Number or financial documents. Identity theft coverage helps alleviate a lot of stress and potential lawsuits.

Premium coverage provides an extra layer of protection to ensure that all your personal items, as well as your property, are secure.  To properly protect your home, secure reliable homeowners insuranceContact Massive Insurance for all of your insurance needs in Pasadena and surrounding cities in California. We are ready to help you find the right coverage for your property.