Learn What Type of Property and Dwelling Insurance is Best for You
Insurance for Homeowners and Renters
Whether you own your own home or not, you have property that is of value and you probably want to protect it. This is why you are able to obtain insurance for most types of property that you own.
Many people don’t know that homeowners and renters insurance cover belongings that aren’t necessarily in your home. Should your vehicle get broken into resulting in your cell phone, iPod, and other personal belongings being stolen, your homeowners or renters insurance will reimburse you after deductibles are met. The same goes for personal items that may be stolen from your hotel room while you are away on vacation.
Many mortgage holders require their borrowers to have homeowners insurance. Their requirements may be minimal, as they are only concerned with the structures on your property. It’s always would be wise to talk with someone about increasing your coverage and further protecting your property.
Another thing to enquire about when obtaining homeowners or renters insurance is discounts. Discounts may be available for:
- New Homes
- Non-Smoking Households
- Combined Policies – Having your other insurance policies with the same insurance company.
- Homes with Alarm Systems
- Seniors or Retired Residents
There may be other discounts, be sure to ask your insurance company or agent.
If you are concerned about paying premium costs, there are ways to help lower premiums. It’s better to have some coverage than none at all. If you need to go with high deductibles or lower your coverage amounts, it’s better than no insurance at all. You can always make adjustments to your policy should your financial situation improve. The main thing is, to make sure you are protected should you become a victim to theft, natural disaster, or other potentially damaging losses.
February 4th, 2016
Whenever you are in a car accident, you may be liable for some out of pocket expenses and also increased insurance premiums. But you don’t have to take it sitting down— there are some things that you can do to [...]
November 3rd, 2015
Many people know how important a life insurance policy is, but they may not understand how to calculate the amount they should get. When deciding how much life insurance to get you should make sure that you consider many factors. [...]
August 3rd, 2015
Home insurance is vital to every homeowner. Although you may know that having good home insurance is the best thing for you, it can be hard to cough up the premium each month. Luckily, there are some ways that you [...]
July 26th, 2015
As a new boat owner, there are many things to learn and understand. One of the most important things to explore is insurance protection for your investment. As you start shopping for boat insurance, you’re likely to encounter the phrase [...]
June 20th, 2015
If you’re renting out a residence–whether it be an apartment, house, or even a single room–it’s important that you have a renters insurance policy in place as a means of protecting your personal possessions. In fact, some landlords these days [...]