| So Why Home Owner Insurance? | | | | year to take into consideration appreciation and the |
| So you purchased a house. Congratulations! Buying a | | | | increased value of your home. |
| home is a big step in anyone's life and a great | | | | Home Owner Insurance and Personal Property |
| investment. Now it's time to protect your investment | | | | Remember, protecting your home is not the only |
| by purchasing home owner insurance. | | | | reason to get home insurance. Different levels of |
| Home insurance is an insurance policy that covers | | | | coverage can also protect the items in your home. It |
| your house, the garage, other related structures, and | | | | you want to protect your home and everything in it, |
| also personal possessions inside the home against | | | | take inventory of your personal property, including |
| damages caused by everything from fire to natural | | | | furniture, high-end electronics and appliances, and |
| disasters and even theft. Different home insurance | | | | anything of value. This will establish a value for all items |
| policies offer different levels of coverage. An all-risk | | | | in your home. Take this value and add it to the |
| policy, for example, covers your home and your | | | | coverage level of your home insurance policy. If you |
| property against any and all disasters or theft. | | | | can't afford that amount of coverage, take a |
| However, just like with any insurance policy, the higher | | | | percentage of the overall value of your personal |
| the coverage, the higher your premiums. | | | | property and adjust the level of coverage based on |
| Home Owner Insurance and Coverage | | | | what you can afford and what you'd want replaced. If |
| Many lending institutions mandate mortgage clients to | | | | you want to protect your personal property, you need |
| have a basic level of home owner insurance to | | | | home owner insurance. |
| receive a home loan. This requirement guarantees | | | | Home Owner Insurance and Pets |
| them that in the case of a catastrophic event, their | | | | Believe it or not, your pets play a part in why you need |
| mortgage balance will still be paid out. But you don't | | | | home owner insurance and in deciding the level of |
| need to stop there. Depending on what specific items | | | | home insurance coverage you choose. That's |
| and areas of your home you want protected and in | | | | because your pets can cause damage to your home |
| what type of event (i.e. earthquake, fire, theft) you | | | | and injury to others. Different levels of home insurance |
| want your home protected in, you can increase your | | | | coverage also cover injury in the home and protect |
| home insurance coverage above and beyond the level | | | | you against lawsuits. If you have pets, remember that |
| required by the mortgage company. | | | | they can lead to damage and injury; so invest in home |
| The price of your home is fundamentally where you | | | | insurance and choose your level of home insurance |
| begin when deciding on the level of coverage for your | | | | coverage accordingly. |
| home. So, you need to first establish the amount it | | | | If you want to protect your home and your family, you |
| would cost to repair and/or rebuild your home. Once | | | | need home insurance. It covers you when the |
| that amount has been established, insure your home | | | | unexpected occurs. Without it, you could end up losing |
| for that amount. Some home owner insurance policies | | | | everything. |
| also automatically adjust the level of coverage each | | | | |