Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different from the other 6 based on the circumstances that it covers. Additionally if consumers are familiar with any of the plans it would be plans that involve parts of option 2 and option 3. You'll see why as I explain each plan in more detail below.

There are many different types of disasters that can affect your home but your standard homeowners insurance policy limits its coverage to 11 specific disaster events. They are damage from aircraft, wind and hail damage, damage suffered from explosions, riots and civil unrest, fire and lightning damage, vehicular damage, vandalism and theft damage, smoke damage and damage if your home decides to fall in on itself otherwise known as self-damaging instances. The final category is damage sustained when a volcano erupts.

This standard list can include 6 additional categories of damage protection. They include falling objects, weather related incidents from snow, sleet and ice, electrical surge damage and finally water damage, which can be further broken down into 3 sub-sections of coverage.

Home insurance policy 1 covers damage from the 11 different scenarios mentioned above. Policy 2 include plan 1 but goes into greater detail in certain sections. If a tree falls and lands on your house it is covered in this policy section. If your dishwasher overflows or your washing machine busts a hose that would be covered under this section for water related damage. You'll also find protection from a power surge or other damages as a result of electrical problems.

Policy 3 includes parts 1 and 2 but includes extended and specialty items. Unfortunately it doesn't cover damage as a result of flooding. Nor does it cover earthquakes, nuclear blasts and damage caused from a war.

For people renting section 4 provides coverage for them and includes the coverage outlined above in plans 1, 2 and 3. Policy 5 offers complete risk coverage for the building and property.

Policy 6 centers on providing coverage for condominiums and policy 7 is strictly intended for older homes of historic value. The coverage includes all 11 disasters mentioned earlier however coverage is limited to repairs or the cash values of the items involved. Rebuilding and replacement costs are not covered under this policy since it's quite possible that those repairs could end up costing more then the current market allows.

This article was intended to be a quick overview of the 7 insurance plans available to homeowners. For more detailed information you should consult a reputable insurance agent or do additional research online.

Timothy Gorman is a successful webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers discount auto, life and home insurance that you can research in your pajamas on his website.

Other websites operated by Tim:
Cellular-Phone-Solutions.com - Free information and resources regarding cell phones and cell phone plans.

Military-Loans-Online.com ? Which provides free money saving loan quotes on all of your loan needs to include home equity loan information.

---

Health Savings Accounts

Most people with health insurance, especially employer paid health insurance,... Read More

Why Dont Women Have Life Insurance?

Traditionally, life insurance companies solicited men as the main breadwinners... Read More

Finding Auto Insurance Comprehensive Coverage

You can go online to easily find and quote auto... Read More

Tips On How To Save When Buying Car Insurance

If you want to save money when you purchase your... Read More

Insights Into Your Med-Pay Insurance Coverage

While Legal Romantics would like to characterize the trial of... Read More

Health Savings Accounts (HSA): Do They Vary From State to State?

The Health Savings Account (HSA) is an amazing tool that... Read More

Private Medical Insurance- Finding The Right Policy for You

Why Private Medical Insurance Is Becoming So PopularRecent research indicates... Read More

Auto Insurance Information Online - Compulsory Auto Insurance

In 47 of the 50 United States, it is illegal... Read More

Auto Insurance for Young Drivers

The biggest worry of most parents today is their children... Read More

How To Save Money On Your Homeowners Insurance?

In order to save money on your homeowners insurance you... Read More

Check Out The Variety of Auto Insurance Texas Style

They say everything is bigger and better in Texas, and... Read More

Private Health Insurance: A Sense of Dissatisfaction

The three C's, customization, consumerization and customer-satisfaction, seem to be... Read More

Your Personal Injury Insurance Claim: Several Crucial Insights Into Medical Reimbursements

The best judge of Total Disability and/or Partial Disability is... Read More

How To Get Cheap Whole Life Insurance Quotes

Whole life insurance quotes the most expensive kind of policies... Read More

About Online Term Life Insurance Rates

Online term life insurance ratesHow simple it is today finding... Read More

Consumer Directed Health Plans

Most of you have heard about "consumer directed health plans".... Read More

Finding Health Insurance for Self-Employed Individuals: A Guide For the Freelance Newbie

With a rise in those looking to venture out on... Read More

Health Insurance for the Beginner

When it comes to your family, selecting the right health... Read More

Credit Card Insurance

A word of warning about Credit card repayment protection schemesThe... Read More

Is Your Financial Security at Risk?

The topic of insurance is not sexy by any means.... Read More

Medical Insurance - Health Insurance Coverage & Plans Explained

If you're trying to decide between health insurance plans, you'll... Read More

Insurance Claim Handling Online - TPA Adjuster System

Claims management and administration software systems enable insurance claims adjusters,... Read More

Protecting Your Expatriate Family

If you and your family relocate overseas, one of your... Read More

Types of Auto Insurance Coverage Explained

A question you might ask yourself is: why must we... Read More

Health Insurance Plans - Benefits to Different Plans & Providers

Health insurance plans vary in their coverage and prices. The... Read More

7 Tips Toward Helping You Reduce Your Insurance Costs

Not a year goes by that insurance rates go up.... Read More

Is Your Auto Insurance Company Rated?

Several national rating institutions rate insurance companies. Do coverages, rates,... Read More

How Do I Calculate How Much Life Insurance I Need?

Life insurance protects you and your family from economic hardship... Read More

Mortgage Life Insurance

Owning a home is a dream for most of us,... Read More

Student Health Insurance - Is It Necessary?

As a young, healthy college student, it might be tempting... Read More

Term Life And Whole Life Insurance

Which type of policy is best for you, term or... Read More

Life Insurance No Medical Exam - Is It Really Possible?

Quite often you feel that an ad for life insurance... Read More

What Is Homeowners Insurance Coverage?

Before attempting to find the best homeowners insurance coverage you... Read More