Understanding Renter's Insurance Plans Understanding Renter's Insurance Plans


About Me

Understanding Renter's Insurance Plans

Hi everyone, my name is James Lewis. Welcome to my website about renter’s insurance plans. When I was renting an apartment years ago, I came home to find the place absolutely soaked with water. Turns out, the neighbor upstairs had an incident with the water heater that was not discovered for hours. Unfortunately, at that time, I did not think to acquire renter’s insurance to cover the damage. Since then, I have explored renter’s insurance options in great detail. I want to share that information on this site to help others understand the important of this type of insurance coverage. Thanks for visiting my site.

Categories

Latest Posts

Own A Business? 4 Reasons You Need To Update Your Insurance
18 October 2018

If you own a business, you need to keep up on your

How Top-Selling Agents Sell The Most Insurance
24 August 2018

One of the challenges of becoming a property casua

Four Reasons You Should Buy Renter's Insurance
26 June 2018

Renter's insurance policies, like their name would

4 Effective Tips For Paying The Least For Your Auto Insurance
17 May 2018

Being able to drive to work and other places is on

Understanding Time Element Insurance Coverage for Businesses
25 March 2018

Time element insurance coverage is so named becaus

Considerations When Insuring Your Home

Insuring a home is an important task for anyone that is want to protect the investment that their house represents. While this is an important goal, it is easy to make mistakes or oversights that could lead to you being more financial exposed than you realize. You can more thoroughly protect your home by enhancing your understanding of homeowner's insurance.

Consider The Value Of Earth Movement Coverage

For many areas of the country, earthquakes and landslides can be a threat to homes. These events can have devastating effects on any structures. Unfortunately, basic homeowner's insurance policies will not cover these types of natural disasters. In order to protect your home against this hazard, you will need to purchase addendums that will specifically cover these events. Unfortunately, there are homeowners that will simply assume that they do not require this coverage due to the fact that they have not personally witnessed one of these incidents. If you are unsure of whether you would benefit from purchasing this type of insurance, your insurance agent will be able to help you determine the threat of these incidents occurring to your property.

Always Add Flood Coverage When Buying Homeowner's Insurance

It is a common assumption that flood insurance is only necessary for properties that are located along coastlines, rivers, lakes or other major bodies of water. However, flash flooding is a threat that can strike any home. In particular, homes that are built on low terrain can be at a higher risk of suffering this type of damage. Typically, homeowner insurance will not provide coverage for water damage that is caused by flooding. Considering the major expenses that can be associated with repairing water damage and the fact that any property can be at risk of flash flooding, this type of coverage is almost always a wise addition to any homeowner's policy.

Appreciate The Value Of Low Deductibles

When you are choosing a homeowner's insurance policy, you will want to pay close attention to the deductibles for any policies. Choosing a policy with a low deductible will require you to pay higher premiums, but it can minimize the risk of situations arising where you are unable to meet your deductible to file a claim. To further reduce this risk, you should always attempt to keep enough saved to cover the deductible for the policy that you choose. This can seem unnecessary, but it can greatly reduce the stress of needing to have your home repaired.