Union City Home Insurance – Basics

Home insurance, also known as homeowner’s insurance or renter’s insurance, is an important type of home insurance which covers only a private home. It is required by law in most states in the US and can help to protect you in the event of a disaster or other catastrophic incident such as a fire or theft. It is designed to reimburse you for the cost of rebuilding or repairing your home from such an event. It is recommended that you have this insurance before you buy a home or if you rent, it is highly suggested to have this type of insurance. It is however not mandatory in most cases.Visit Global Green Insurance Agency of the Bay Area – Union City Home Insurance for more details.

Home insurance plans come with different coverage schemes and policies. There are insurance plans for homeowners, renters and tenants, property damage coverage, liability coverage, weather and smoke coverage, and also a household protection coverage that pays you for all your household needs like food, clothing and shelter. Some of the other additional features that may be included in your coverage may include loss of use, theft, loss of use or destruction of appliances, health, accident, comprehensive, accidental death and dismemberment. Many insurance companies provide their customers with multiple quotes through different service providers. This allows you to compare rates and premiums from a wide variety of insurance companies in just a few minutes.

Homeowners are required by law to have a minimum of 3 months worth of coverage under the homeowner’s policy during the construction stage. This means that you should always check to see if your house insurance policy meets these requirements. Most home insurance policies will provide coverage for the full replacement cost of your damaged possessions. With many homeowners, however, this coverage does not always cover flood or other natural calamities. This means that in the case of a flood or a fire for instance, you would have to get your own flood insurance policy.