The Basics of a Homeowner's Policy
In order to decide among your cheap homeowner's insurance quotes, you will need to know the basics of a policy. Here is what a home insurance policy typically includes.
Typical Coverage Options
Most of the policies on which you receive cheap homeowner's insurance quotes will contain the following coverages, though this will vary by insurer.
- Personal property - this coverage protects moveable personal belongings that are contained within your home. Coverage limits usually apply.
- Family liability - if a lawsuit judgment were issued against you, this coverage would pay for the covered damages you were legally obligated to pay.
- Guest medical - this pays for the medical expenses of guests who are accidentally injured in your home or on your property due to a covered loss.
- Additional living expenses - if your home becomes uninhabitable after a covered loss, this coverage would pay for your living expenses (cost of a hotel, rental, etc.) while your home is replaced or repaired.
Types of Homeowner's Insurance
When you get cheap homeowner's insurance quotes, you can actually get quotes on policies for a variety of properties because the term "home insurance" encompasses several dwelling options. We can offer you cheap homeowner's insurance quotes if you live in a:
- House
- Condo
- Rental/apartment
- Mobile home
Additional Coverages
You might choose to get cheap homeowner's insurance quotes on policies that contain optional additional coverages. Here are a few such coverages:
- Satellite dish antennas coverage
- Supplemental building code coverage (funds to bring your home up to code)
- Scheduled personal property coverage (increased protection for your belongings)
Make sure you also go over the page of homeowner's insurance facts we have given for your benefit.
