Homeowners Insurance at a Glance

At first glance, homeowners insurance may seem perplexing and quite overpowering. Understanding your policy is crucial to know what you are actually purchasing, and also an extremely important part of owning a home. A homeowners insurance policy provides financial security against disasters, as well as insures the home and the possessions kept within.

A basic homeowners insurance plan consists of four major types of coverage. These include: Home structure, coverage for personal belongings, liability protection, and living expenses in the event you cannot reside in your home as a result of an insured disaster.

Earthquakes and floods are not covered by standard insurance plans. To insure your home against these natural disasters, you will need to purchase a separate insurance policy. However, here is a list of catastrophes that are covered by homeowners insurance: fire, lightening, theft, vandalism, overflow of water from plumbing, just to name a few. You need to think ahead when purchasing homeowners insurance. When assessing the amount of coverage you should buy, think about how much it would cost to reconstruct your home if it were completely demolished.

All of your personal belonging are covered if they are stolen or ruined by an insured disaster. A majority of insurance companies will offer coverage for 50% to 70% of the sum of insurance you have placed on your home. Between $1,000 to $2,000 is allotted for expensive items such as furs and jewelry. Up to $500 coverage is also allowed for unauthorized use of credit cards.

Liability protection shields you against legal action for bodily harm or estate damage that was caused by you or family members. This part of the policy pays the expense of your defense in a court of law, and is supported throughout the world.

If you are unable to live in your home due to damage from an insured disaster, most homeowners insurance policies will pay for the additional expenses such as hotel fees and restaurant tabs, while your house is being reconstructed. However, coverage for these extra costs vary with each insurance company.

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

In The News:


pen paper and inkwell


cat break through


What Is Homeowners Insurance Coverage?

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

A Guide to Insuring Your Sailing Dinghy

If you've just bought a dinghy or are thinking about... Read More

What You Need to Know About Auto Insurance

Let's be realistic, everyone needs to have auto insurance. Aside... Read More

Insights Into Your Med-Pay Insurance Coverage

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

Bankers Long Term Care Insurance

How many times have you seen people whose life was... Read More

Is Your Financial Security at Risk?

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

Affordable Health Insurance - Health Insurance For The Self Employed

One of the things that is important to consider when... Read More

How to Shop for Individual Health Insurance

If you find yourself in the position of shopping for... Read More

Choosing Buy-To-Let Property Insurance

Risk is an area often overlooked by landlords, but failing... Read More

Cheap Health Insurance Rates and Personal Health Insurance

If you've been out of school for a couple of... Read More

What is Home Insurance?

Home Insurance is designed to provide you with financial protection... Read More

Inside-Information Regarding Your Motor Vehicle Accident Insurance Claim

Here's some "Inside-Info" you must know so you won't be... Read More

Is Purchasing Travel Insurance Smart?

To answer the question "is purchasing travel insurance smart?" let's... Read More

What is Travel Insurance?

Travel Insurance is designed to protect your health, belongings, and... Read More

Medical Bills - Evaluating Your Personal Injury Insurance Claim

The value of a personal injury claim has a direct... Read More

Do You Pay Too Much For Your Car Insurance?

Do the premiums just seem to get higher and higher... Read More

Underinsurance Can Spell Disaster For Homeowners

Insurance is meant to give homeowners peace of mind, but... Read More

How To Best Handle Health Insurance Plan Changes

Many economists have suggested and recent economic data indicates that... Read More

Insurance for Those Who Run Bed and Breakfast Properties

A Bed and Breakfast, often referred to as a B&B,... Read More

Why Should You Shop Around for Auto Insurance?

How do you know if what you are paying for... Read More

Apply Online for Temporary Health Insurance

There are times when you'll find yourself temporarily without health... Read More

Vehicle Insurance Online is a Convenient Way to Get Insurance Cheap

Online comparison shopping is a convenient way to get cheap... Read More

Photography Insurance-Insurance for the Photographer

Part and parcel of establishing your own photographic business is... Read More

Choosing Long-Term Care Insurance

A little over sixty percent of the folks who reach... Read More

An Intro To Life Insurance

There are many options available for life insurance, and for... Read More

Family Health Insurance Plans - How to Find The Best Provider Online

Family health insurance plans typically need to offer more coverage... Read More

Terrorism: Acts of Terrorism: When Will Insurance Respond?

Insurance policies provide financial protection in a broad range of... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners... Read More

Flat Insurance in the UK

What are the factors involved in flat insurance? Do I... Read More

Saving on Auto Insurance: The Road to Reduction

The road to saving on auto insurance is something that... Read More

Life Insurance Settlement

A new financial tool is now available for senior citizens.... Read More

Origin Of Long Term Care Insurance

In the early 1980's Medicare started using a system called... Read More

Individual Health Insurance Plans - How To Find The Best Provider Online

Whether you are self-employed or a small business owner, finding... Read More