Homeowner’s Insurance: Ask the Right Questions, Get the Right Coverage

HOMEOWNER'S INSURANCE: ASK THE RIGHT QUESTIONS, GET THE RIGHT COVERAGE the average homeowner's insurance claim for 2011 %$8,077 *Reported by the Insurance Research Council. for noncatastrophic damages $7,553 for catastrophic damages If you have a mortgage, you're required to have homeowner's insurance. The National Association of Realtors® says homeowner's insurance can be broken down into three levels: LEVEL 1 LEVEL 2 LEVEL 3 Protection against broken pipes, ice and snow weight, and broken water heaters Protection Protection against fire, theft and some against natural disasters liabilities If you have insurance with a $1,000 deductible and a tree limb falls on your roof, you'll pay the first $1,000 of the repair bill, and the insurance ABOUT HOMEOWNERS INSURANCE DEDUCTIBLES 24 A deductible is the out-of-pocket expense you have to cover at the beginning of a claim. You may have a standard deductible and a special, inflated deductible for storm and wind damage claims. company will cover the rest. KNOW WHAT'S COVERED "WHAT IF" SCENARIO With your policy in hand, ask your insurance agent any questions about each area of your home, including several "what if?" scenarios. A city water pipe bursts outside your home, and the water makes its way through your yard and into the basement through a window, the damage won't be covered unless you have flood insurance, and will not be considered a water damage claim. Understand each term in the policy, so you'll know exactly what is covered and what isn't. IN Always ask for discounts. Homeowners over the age of 50 are eligible for a price break. A standard homeowner's policy Covers the contents of the house up to certain limits. Purchase additional coverage for expensive items in your home such as jewelry and cameras. www.sellingwarnerrobins.com (478) 960-8055 (C) / (478) 953-8595 x227 (0) www.coldwellbankerssk.com COLDWELL BANKER O SSK, REALTORS ©ANITA CLARK Source: http://sellingwarnerrobins.com/2014/02/homeowners-insurance-ask-the-right-questions-get-the-right-coverage/