If you want to get an image of what is house insurance, you should give a glance to this brief article. It will reveal the main concepts as well as costs offered by the most reputable insurance companies of the United States. This is an insurance type created and developed to give homeowners protection against any unexpected damage to a property. This can include as natural disasters (lightning, hurricanes, floods, etc.) so thefts and fires. The three cover levels are designed to provide particularly the protection that a customer needs. These levels imply covering only contents of a house, only buildings or these two components combined.
What is House Insurance: Contents Cover
The contents cover level is designed specially to protect a homeowner’s goods such as electronics (TVs, PCs, tablets, etc.), fittings (carpets, curtains, rugs, etc.), household goods (toasters, expensive table sets, etc.), expensive clothes or shoes, jewelry, furniture items, decor elements (precious pictures, lamps, vases, etc.) and so on.
What is House Insurance: Building Only Cover
This cover intends to provide protection for an insured’s house structure only. Accordingly, if you plan to purchase such a home insurance policy that will give you protection against thefts, pass by this cover. Yet, all natural disasters and fires, that ruin the structure of your house fall under the protection by this cover. Whether the roof, a window or wall was damaged as a result of storm, you can have it repaired with the insurance company paying all the expenses.
What is House Insurance: Complete Cover
A complete cover gives reliable protection for any threat to both your house and property. Surely this level of security is the best, yet the premiums that must be paid every month are impressively higher, too. If you can afford to pay a certain (not small) amount of money monthly, you should definitely stop your choice right on this protection level.
Home Insurance Costs
When purchasing a house insurance plan, the insured is to make an inventory of his/her house possessions or have the property estimated. For this you had better go room by room and count everything that can add the value including iPod, phones, cameras rugs, pictures, curtains and even items stored in the shed. This inventory will affect both the premiums you will have to pay later every month, and the limit you will get once necessary.
If you are interested in what is house insurance, you will decidedly wonder how much this insurance type costs. The cost is affected by such factors as the year the house was built in, its structure material and size as well as its location (near a tall old tree or water, etc.). Yet, the main factor is the State you are living in. If your State is susceptible to a large scale of natural disasters, the cost will be much higher. For instance Florida, Louisiana, Mississippi and Texas feature the highest average home insurance costs. Meanwhile, Idaho, Oregon, Wisconsin and Utah have the cheapest home insurance costs as they have a very low risk level of hazardous disasters.
HOUSE INSURANCE INFOGRAPHIC
WHAT IS HOUSE INSURANCE VIDEO