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