Aplus Legal Advice | 2022.08.31 22:48 | 516 views
‘House Insurance’ is an insurance policy that combines insurance on your physical house as well as your contents within. If something were to happen, flood, fire, vandalism, theft etc. you the owner will get back everything including your house and its valuable contents that were damaged according to the restrictions of the policy. Of course, we all hope and plan that we never have to implement a claim, and some never do.
‘House Insurance’ is an insurance policy that combines insurance on your physical house as well as your contents within. If something were to happen, flood, fire, vandalism, theft etc. you the owner will get back everything including your house and its valuable contents that were damaged according to the restrictions of the policy. Of course, we all hope and plan that we never have to implement a claim, and some never do. Yet, being prepared should you ever have to file a claim will save you a lot of time, money, and frustration at the worst of times, when you need help from your insurance company. With most large insurance companies developing an online presence many people can now compare prices and get a homeowner insurance quote via the internet with relative ease.
Every homeowner insurance policy covers two basic key areas, which being the property with physical contents and liability or damages to self and others. If you the homeowner are responsible for unintentionally injuring or damaging other’s property, then your policy will also protect you from paying for damages done to other people. If the insurance company determines that you were at fault than the chances of getting a claim are slim obviously.
The main benefits of a homeowner insurance policy are as follows:
1) In case of any damage done to the physical house the owner of the house insurance policy gets back the amount that has been damaged.
2) The legal responsibilities of the owner are compensated.
3) The temporary living expenses are also given in case the owner is forced to leave his home because of a severe damage to his house.
4) Policies will cover your losses whether you are physically at home or not during the incident.
5) The house insurance policy covers the damage done to the house due to different natural calamities such as hurricanes, tornadoes, flood and earthquake but most of the time they are excluded from the standard insurance policy. If you live in areas that frequent natural disasters many insurance companies will provide insurance like this for an additional fee.
6) A policy can also contain items that you take with you away from the property like laptops for example.
The One Tip That Every Homeowner Should Do:
I certainly hope you never have to file a claim, but just in case you do this is one tip that will save you hours and hour of frustration. There is one big problem that frequently occurs when someone must file a claim. The insurance company wants to know what you had and how much it was worth. Well, that’s all fine and dandy if they’ll just take your word for it but most of them are going to want to see proof in the form of receipts. I’m sure most of you are following my thinking on this already. How do you produce the receipts if they have just been lost in a flood or fire? Or what if you’re not able to turn up the receipt because it got lost somehow. An insurance claim can get sticky at this point because it becomes your word with no proof of your previous items. This has been a big problem for insurance companies as well as homeowners.
How technology has come to the rescue:
Most people either have a home video camera or know someone that does and if not can find a store that rents one. To make the insurance claiming process simpler most homeowner insurance companies will recommend that you take a home video of every room of your house with contents and keep the video off site.
If you think about this, it works well – there are even home inventory companies now that do this full time and store the videos in a safe place for you. The insurance companies love this because now they can see firsthand what you’re trying to claim, and it becomes easier to determine the value of items when they can see the make and model simply through the video.
The benefits for you the homeowner are huge as well and this has been known to really shorten a legitimate claim and will also guarantee that the price you get for your items is closer to what they are actually worth. The biggest benefit is you may find there are a lot of items that show up in the video that you had forgotten about and therefore your total claim may end up being a lot higher than simply be memory. It is recommended to update the video every so often as your contents change.
So, let’s recap use the internet to get a homeowner insurance quote to compare companies to ensure you’re not overpaying for your policy. Do a video inventory of your home with contents and keep the video off site or in another city if you can. It doesn’t take long but may be well worth it to you at some point.
Every homeowner insurance policy covers two basic key areas, which being the property with physical contents and liability or damages to self and others. If you the homeowner are responsible for unintentionally injuring or damaging other’s property, then your policy will also protect you from paying for damages done to other people. If the insurance company determines that you were at fault than the chances of getting a claim are slim obviously.
The main benefits of a homeowner insurance policy are as follows:
1) In case of any damage done to the physical house the owner of the house insurance policy gets back the amount that has been damaged.
2) The legal responsibilities of the owner are compensated.
3) The temporary living expenses are also given in case the owner is forced to leave his home because of a severe damage to his house.
4) Policies will cover your losses whether you are physically at home or not during the incident.
5) The house insurance policy covers the damage done to the house due to different natural calamities such as hurricanes, tornadoes, flood and earthquake but most of the time they are excluded from the standard insurance policy. If you live in areas that frequent natural disasters many insurance companies will provide insurance like this for an additional fee.
6) A policy can also contain items that you take with you away from the property like laptops for example.
The One Tip That Every Homeowner Should Do:
I certainly hope you never have to file a claim, but just in case you do this is one tip that will save you hours and hour of frustration. There is one big problem that frequently occurs when someone must file a claim. The insurance company wants to know what you had and how much it was worth. Well, that’s all fine and dandy if they’ll just take your word for it but most of them are going to want to see proof in the form of receipts. I’m sure most of you are following my thinking on this already. How do you produce the receipts if they have just been lost in a flood or fire? Or what if you’re not able to turn up the receipt because it got lost somehow. An insurance claim can get sticky at this point because it becomes your word with no proof of your previous items. This has been a big problem for insurance companies as well as homeowners.
How technology has come to the rescue:
Most people either have a home video camera or know someone that does and if not can find a store that rents one. To make the insurance claiming process simpler most homeowner insurance companies will recommend that you take a home video of every room of your house with contents and keep the video off site.
If you think about this, it works well – there are even home inventory companies now that do this full time and store the videos in a safe place for you. The insurance companies love this because now they can see firsthand what you’re trying to claim, and it becomes easier to determine the value of items when they can see the make and model simply through the video.
The benefits for you the homeowner are huge as well and this has been known to really shorten a legitimate claim and will also guarantee that the price you get for your items is closer to what they are actually worth. The biggest benefit is you may find there are a lot of items that show up in the video that you had forgotten about and therefore your total claim may end up being a lot higher than simply be memory. It is recommended to update the video every so often as your contents change.
So, let’s recap use the internet to get a homeowner insurance quote to compare companies to ensure you’re not overpaying for your policy. Do a video inventory of your home with contents and keep the video off site or in another city if you can. It doesn’t take long but may be well worth it to you at some point.
