Commonly asked questions about home insurance.
As a new homeowner, you may not know the very basics about homeowners insurance. However, understanding this essential coverage is necessary to make informed coverage decisions. To help you out, here are the answers to some of the most common homeowners insurance questions.
What does home insurance do?
Standard homeowners insurance is designed to cover two main things: your property and your liability. This means that your policy will cover damages to your home and belongings. Additionally, your policy will also offer coverage in the event that you are liable for third-party injuries or property damages. Typically, policies will contain a list of perils that they cover. For instance, your policy likely offers coverage for the following:
- Theft or vandalism
- Pet liability issues
- Injuries that take place on your property
Is home insurance an essential coverage?
In short, yes. If you own a home, you need homeowners insurance to protect the physical structure of your home, your personal belongings, and your personal liability. Without homeowners insurance, you would be left to cover the cost of damages and losses all on your own. As most people do not have the savings to cover these risks, mortgage lenders actually require homeowners to carry some minimum level of home insurance.
What should I look for in an insurance company?
When you start shopping for home insurance, it’s important that you consider policies from multiple carriers. The insurance provider that you choose should demonstrate excellent customer service and in-depth knowledge about the industry. You should also seek out independent insurance agents as they have access to coverage options from multiple carriers. Westwood Insurance Agency has been providing insurance products to homeowners since 1952 and has in excess of 30 carrier relations that allows them to offer a great variety of products and can tailor coverage for your specific needs.
This is what you need to know about homeowners insurance. Do you have more questions about this important personal coverage? If so, then turn to an experienced insurance agency that you can trust. For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.