There’s no place like home, right? A home is a place filled with memories and all sorts of sentimental items that you’ve collected over the years. How can you make sure that your home and everything in it are protected in the event of an accident or natural disaster?
That’s where home insurance comes in. While many mortgage companies require homeowners to obtain basic home insurance when they buy their homes, there’s more that you can do to protect your home.
For example, if you live in a flood zone, you might need to consider obtaining flood insurance for your home. Or, if you live near a fault or in an area of seismic activity, you might want to get earthquake insurance.
Home insurance can be confusing, but we’re here to help! This section is divided into multiple articles, covering insurance claims, renters insurance, and title insurance.
Read on to learn everything you need to know about home insurance!
Making Insurance Claims
If anything ever happens to your home, you’ll need to make an insurance claim to your home insurance company. However, when making an insurance claim, there are certain steps you must follow.
If your house is robbed or damaged, you’ll need to contact your insurance company as soon as possible, as insurance companies set statutes of limitations on the filing of insurance claims. If you have questions about making an insurance claim, you’ll need to talk with an agent or representative at your insurance company. Keep reading to learn more about making an insurance claim.
Flood Insurance
Your homeowner insurance policy might have provisions for certain types of water damage, but it probably does not cover damage caused by a flood. To be surrounded by flood damage, you’ll need to obtain flood insurance.
If you live near a river or in a low-lying area, you might need to consider obtaining flood insurance. Read on for important information!
Earthquake Insurance
Basic homeowner insurance policies will not cover damage that is caused by an earthquake. Therefore, if you live near a fault or in an area of seismic activity, you’ll probably want to learn as much as possible about the benefits of earthquake insurance.
Most earthquake insurance policies carry a high deductible, often 15 percent. However, some companies now offer a 10 percent deductible. Keep reading to learn if you should invest in earthquake insurance.
Renters Insurance
Often, when people rent an apartment or a house, they don’t think about obtaining insurance. In fact, a lot of renters don’t even know that insurance is available to them.
Renters insurance covers the contents of your apartment or rental property. Most rental insurance covers your property in the event of theft, fire, vandalism, smoke damage, water damage, electrical damage, and more