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Home Owners /Renters Insurance

 

Homeowners insurance

Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of its use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home.

The cost of homeowners insurance often depends on what it would cost to replace the house and which additional riders—additional items to be insured—are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events. Typically, claims due to earthquakes ,floods , "Acts of God", or war (whose definition typically includes a nuclear explosion from any source) are excluded. Special insurance can be purchased for these possibilities, including flood insurance and earthquakes insurance.

 

Renters Insurance

If you rent a home or live in an apartment it is vital to have renters insurance.

Your landlord may have insurance coverage that protects only their building, However it does not cover the contents in it.

Renters Insurance can ensure you will be able to protect and replace valuable assets in the event of a loss.