Do You Need More Coverage for Your Home?
Most homeowner’s policies will cover damage caused by windstorms, hail, snow, lightning, fires, smoke, falling objects, theft, vandalism, aircrafts and vehicles. Additional protection against flood, earthquake, war, termites and poor home maintenance, however, is commonly excluded and often recommended to fully defend your home. Jewelry, art, antiques and other valuable items may not be fully covered in a standard homeowner's insurance policy, so you may need purchase a separate 'floater' policy to insures high value items for their full appraised value.
A homeowner's insurance policy also requires that at least one of the named insureds lives at the home. The dwelling policy is similar homeowners insurance policy, but used for residences that don’t qualify for various reasons, like vacation properties, second homes, and vacancy or non-occupancy of your home.
How Much Does Homeowner's Insurance Cost?
The cost of homeowner's insurance depends on the cost to replace the house and which additional coverages (riders) are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid when a loss occurs.
The homeowner's insurance policy is usually a term contract in effect for a fixed period of time, typically one year. Most carriers lower premiums if the home appears to be a lower risk. Examples of a lower risk house include: if the house is situated next to a fire station or is equipped with fire sprinklers and fire alarms, if the house has wind protection like hurricane shutters or if the house has a security system. Other factors insurance carriers consider include your zip code; if you live in a high-crime area or an area prone to forest fires, your insurance premiums could be higher.
Get Homeowner's Insurance Today
Aegis Insurance Markets offers top-rated homeowner’s insurance from the best insurance carriers, so you can protect what matters most to your family. Call us today at (800) 579-6369 or complete the form below for a quote, or to find out what homeowner's insurance solutions will best cover the place you call home.