American Eagle Insurance Blog
Houses are the most valuable thing people own. That's why having home insurance is a necessity. Home insurance protects the home when burglary, fire, or any damages happen to the house by covering the repair costs. Another coverage home insurance does personal liability for harm to others.
A home insurance policy helps make sure that the insured does not incur extensive costs in disaster events. Although customizing homeowners' insurance is allowed, there are still standard elements that insurers need to provide.
Standard Coverage of Homeowners Insurance
Almost all of the losses incurred during most scenarios are covered by home insurance. Below is the list of the standard coverage of Homeowners Insurance.
Interior or Exterior damages
The insurance policy will reimburse interior or exterior damages like a hurricane, fire, or other disasters covered by the insurance. Injuries from other natural disasters require a different type of home insurance.
This coverage protects the homeowner from lawsuits filed in cases of damages. The covers range from the medical expenses of a neighbor bitten by the homeowner's dog to a broken vase's claims.
Keep in mind that although almost every disaster event is covered by home insurance, there are still limitations like natural disasters and acts of war. These events may require additional policies. There are also limitations to how much the insurer will reimburse in case of loss of personal belongings.
This coverage would reimburse hotel costs, restaurant meals, and other costs while the insured is waiting for the place to be fit to inhabit again.
There are still exclusions to the coverage of the home insurance policy. Some of them are floods, earthquakes, and acts of war.
Several natural disasters require additional coverages like earthquake insurance and flood insurance. Similarly, in identity theft cases, its policy helps in paying expenses related to the incident.
In Purchasing Home Insurance
Before purchasing home insurance, assess how much coverage is needed. Start with taking inventory and personal belongings inside the home. Also, consider the home area if there is required additional policy in case of natural disasters.
Websites of the insurers, over the phone, and through local insurance agents are only a few ways to purchase home insurance. Get quotes from different companies and compare them before buying. There are insurance agents you can talk to if you need help.
At American Eagle Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (225) 667-7377 or Click Here to request a free quote.