A home is a great asset when proper measures are taken to protect the property. It is also a roof over your head and should be treated with utmost care. First of all, in the event of an accident or disaster, it may not be possible to pay for the damages out of pocket. Also, insurance coverage is requested by mortgage companies if you want to take a loan.
This is why getting the best homeowners insurance for your property is important. We are the best in the business as we take our clients through the process of understanding what homeowner insurance entails, the different policies, and the type of insurance coverage.
What is Homeowners Insurance?
These are insurance plans that cover your home if an accident or a damaging event occurs. A lot of things can happen suddenly either in the interior, exterior, or both parts of your home.
This insurance covers repairs and replacement of items depending on the insurance policy that you subscribe to.
The function of Homeowners Insurance
There are three basic home insurance policies and functions. They include:
If accidents such as fire accidents, vandalism, or other insured disaster occur, we cover the damages. We pay for the repair or rebuilding of the structure.
Insurance providers can also pay for any item or belonging lost during the incident. Appliances, clothing, furniture, and other belongings can also be repaired or replaced.
Personal Liability for Injuries
If you are held responsible for bodily injury to a person or their property, their medical or repair bill can also be covered. This protects you from lawsuits that can be too expensive.
Levels of Insurance Coverage
These are the different ways that we can fix or replace your home and properties after an incident. They include:
This insurance type gives you the cash worth of your damaged properties. There are no deductions of any kind. An assessment is done and then the cash value is paid.
The cash value of the damaged properties is given, however, deductions can be made based on different factors such as the current worth of an item as opposed to the price it was originally purchased.
Homeowners Insurance Policies
We have provided different insurance options for our clients and insurance options can be chosen depending on their needs. Here are some of our policies for homeowners:
They are very common insurance policies. It covers almost every type of damage apart from some particularly excluded damages such as damages from earthquakes, flooding, landslides, and so on.
It is a popular option in only low-risk areas and for homeowners with high maintenance practices. This is because it pays for almost every form of damage except for the specifically excluded damage.
Despite having strong insurance coverage for your home, it is important to have good maintenance culture. We have a lot of insurance options for homeowners and we are committed to providing the best homeowners insurance.
Start Saving Today
Erie Insurance - One of America’s Best Insurance Companies
Erie Insurance has been named to the Forbes list of America’s Best Insurance Companies for 2022.