Homeowners Insurance

homeowners-insurance

A homeowners insurance policy is basically a contract you make with an insurance company. In exchange for your premium, the insurance company will pay for financial losses related to your home or your property during the period of the contract. The insurance company also agrees to pay for damages resulting from injuries or damage to other people for which you are held legally responsible. When you're searching for homeowners insurance, you'll want to shop for the type of policy that will fit your needs best, with adequate protection for your valuable possessions and supplemental coverage to protect against natural disasters that are not covered in your basic policy. If you're like most people, the owner of the mortgage of the home will require homeowners insurance

First

Understand which coverage elements are common among all property insurance policies:

  • Personal Property. To protect movable personal property, mostly within your home. Certain coverage limits apply.
  • Family Liability Protection. To pay for covered damages which you're legally obligated to pay.
  • Guest Medical Protection. To pay medical expenses for your guests who are accidentally injured on your property as a result of a covered loss.
  • Additional Living Expenses. To pay the reasonable increase in living expenses if your home becomes uninhabitable after a covered loss.

Second

Consider which policy is right for your living situation:

  • House
  • Condominium
  • Mobile Home
  • Renter
  • Rental Property

Third

Personalize your policy with additional coverages such as:

  • Replacement Cost Coverage. For many of your contents (subject to applicable underlying policy coverage limits).
  • Scheduled Personal Property Coverage. With increased protection for your personal property including, but not limited to: jewelry, watches, furs, stamp and coin collections, fine arts, computers, cameras and sports equipment.
  • Increased Building Code Coverage. For example, if your home is damaged or destroyed you'd need protection to bring it up to today's code standards as it is repaired.
  • Portable Cellular Communication Systems Coverage.
  • Satellite Dish Antennas Coverage.
  • And many more! See your Allstate agent for more information on the Optional Coverages available in your state.

Finally

Since most Homeowners, Condominium, Mobile Home,* Renters Insurance, or Rental Property Policies don't cover a flood, find out if you're eligible for a Flood Insurance Policy. And contact us.

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