If your house in Mineola is damaged or destroyed by flood, fire, or some type of natural disaster, you will be responsible for the complete cost of rebuilding your home. Purchasing home insurance can replace your personal possessions or help you if you are liable for damage to someone else’s property or an injury sustained at your home. Along with that, you could also receive coverage to handle court fees, food and shelter if you have to abandon you home. Sitting down with an insurance agent can help you decipher which type of insurance works for you.
Buying a house is one of the most expensive purchases anyone will make in their life, both financially and emotionally, and it is important to protect that investment. Buying home insurance can be a great benefit to make sure that you are protected in the scenario that your house is destroyed or damaged.
Homeowner’s insurance can vary from basic liability coverage to more comprehensive policies that provide coverage for your home’s structure and personal property. There are also special policies that protect your house in case of flood, fire, or earthquake.
Meet with a qualified insurance from a Keats insurance agent in Mineola today and find out what type of home insurance best fits your needs.
The Keats Insurance Agencies provide customers with insurance policies similar to the following:
An HO-1 homeowner’s insurance policy provides you with essential coverage. It takes care of harm caused by particular instances, including fire, lightning, windstorms, hail and explosions. These programs also usually cover damage instigated by civil disturbance and volcanic eruptions. Since this policy is very limited, many states don’t usually offer it to customers.
This policy protects you from 16 types of events, including damage from theft, vandalism and riots. An HO-2 policy will take care of hail damage, windstorm damage and broken glass, as well as destruction caused by smoke and any damage induced by a vehicle. If your pipes burst or your roof disintegrates, this policy will also cover that.
The HO-3 policy covers all possible grounds of destruction to your property and possession loss, with the exception of explicitly listed events. Exclusions vary from policy to policy, so go over yours meticulously to recognize what is going to be excluded.
Basic vs. Extra Coverage
Simple homeowner’s insurance typically takes care of the money it will cost to fix compromised property, as well as the replacement costs if your home is wrecked. It also covers your belongings, but the items inside your house are only covered for up to 40 percent of the home’s insured value. Extra coverage will shield you against earthquakes and floods, as well as dealing with the loss of personal property like jewelry, computers and cameras.