A Homeowners Guide to Home Insurance: Q&A

6 April 2016 Category: Uncategorized

A Homeowners Guide to Home Insurance: Q&A

You have questions regarding homeowners insurance, and we have the answers!

Insurance. When you read that word, are you overtaken by fear and uncertainty? Don’t worry. You’re not alone. It may not be the most thrilling subject in the world, but it’s essential to the know the ins and outs of your insurance policy, or if you have yet to buy one, to know what you’re getting yourself into. Virtually all mortgage lenders require you to have a homeowners insurance before they hand over the money to protect their investment. Here is the Q&A  homeowners guide to home insurance.

Q: Who decides what kind of policy I should get?

A: You. It’s your home and your insurance policy. To protect their investment, mortgage companies collect a set amount each month, puts it in escrow, and then pays your insurance and taxes when they fall due.

Q: What kind of perils am I protected against?

A: Remember that policies vary from person to person, and from company to company, so naming exact things is rather difficult, but most of them generally cover the following:

  • Fire or lightning
  • Smoke
  • Theft or vandalism (sometimes called malicious mischief)
  • Falling objects
  • Weight of ice, snow or sleet
  • Aircraft
  • Vehicles
  • Windstorm or hail
  • Explosions
  • Freezing of a plumbing, heating, air conditioning or other such household system
  • Riot or civil commotion

Your homeowners insurance policy should make you feel protected, and not leave you wondering if you’re going to make rent this month. To know you got the right homeowners insurance coverage contact the insurance professionals at Massive Insurance or get an instant quote now!