As a Homeowner, you worry about the risks of damage to your home just as you should. There are a lot of risks that come with owning a home: hail, fire, flood, earthquake, structural repairs, maintenance, and various natural disasters. Purchasing homeowner’s insurance (HOI) is a way to ensure the security of your home as well as your financial stability.
The costs of replacing damage to your house can be substantial. You can purchase homeowner’s insurance and set your limits for each term to prevent any unforeseen damages to your home. Each insurance plan is unique in its limitations and coverage for separate perils. To find the right insurance plan for you, work with your insurance agent about what you are looking for and your individual concerns.
Your homeowner’s insurance can cover 4 areas: Main dwelling, other structures, personal property, and loss of use. Coverage for your main dwelling or to other structures generally does not include any damages to personal property or the land itself. It does however cover the main house and any other structures (garages, barns, etc) that may be on the property. Personal property is under the third tier of insurance. You can manage the policy limitations with your insurance agent so that your personal property can be easily covered. Lastly, loss of use can be covered if there is a potential for losing the house or it being unoccupied.
Your home is something that you need everyday. Whether it is small damages or destruction from a natural disaster, your home should always be protected. It is important to find a policy that works for you as a homeowner. Don’t wait until it is too late to safeguard your home.
Home Owners Insurance
Alston & Associates
6234 Georgia Ave. NW
Washington DC, 20011