What Is Homeowners Insurance?

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What Is Homeowners Insurance?

Buying a home is an incredible accomplishment and while we know it’s a happy time in a person’s life, it is important to remember that there are things that can happen. How do you keep yourself safe if your home ever experiences a fire, flood, or other types of damage? We recommend finding the right type of homeowners insurance that fits you and your family. No matter what your circumstances are, we are here to help you find the right plan.

What You Need To Know Before Purchasing Homeowners Insurance

There are a variety of factors and life changes that can affect your insurance plan. Location, net worth, and budget are important monetary factors to consider when deciding how extensive your coverage should be. Marriage, expanding your family, and moving homes are monumental life changes that require reassessment and possible changes to your homeowners insurance policy.

What Does Homeowners Insurance Cover?

Although it depends on what company and the type of coverage you choose there are many perils that homeowners insurance covers. The perils typically covered are:

  • Fire

  • Theft

  • Freezing Pipes

  • Vandalism

  • Smoke damage

  • Water damage

Claims related to wind or hail are the most common while claims related to fire, lightening, or debris removal are the most costly. You may want to consider adding coverage for your personal belongings in the event that they are damaged, destroyed, or stolen.

Finding the right Homeowners Insurance

Purchasing a home, whether it be your first or your fourth, is an investment. The value of your living space and what it contains is worth more than any dollar amount. While there are some items in your home that are irreplaceable, we want to make sure that those which can be replaced are well-insured in the event that you need coverage.

Contact an Acceptance Insurance Agent today to find the right coverage for you. 

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What does homeowners insurance cover?
Homeowners insurance is a type of coverage that protects you financially in the event of an accident, disaster, or theft involving your home. A standard homeowners insurance policy will include four types of coverage: structure, personal belongings, additional living expenses, and liability.