Homeowners insurance isn't a luxury, it's a necessity. Read Home and Social's top tips helps you to find the right policy and cover.

How homeowners insurance companies provide their services

How homeowners insurance companies provide their services

Many homeowners insurance companies provide insuring services. You should therefore be keen in finding the insurers with covers that will meet your full satisfaction when it comes to matters of protecting your property at an affordable price. A policy with insurers will shield your house against the losses that one incurs when incidents such as fire, hostile weather and also theft occur.

Insurance coverage provided

Policies last for twelve months with a number of ways in which a member can pay for the premiums. With some insurers, a member should have an online account in order to make online payments. You can also pay your premiums by writing a check to the insurer. All these are services offered by the insurance company to make it convenient in meeting the needs of its members. If you have an insurance cover with a home owners insurance company and your property is damaged, lost or stolen depending on the loss covered, the company arranges how to compensate you or repair your property. It is evident that if you get damage at your home due to an accident, quick action to rectify the situation is required to prevent further damage. Most homeowners insurance companies cater for this as one has access to them twenty-four hours each day through their emergency number. It also offers one with an opportunity to cover other valuable items that one may be having such as jewelry, sculpture or any other form of art one may be having. At other times, accidents do happen and there is no remedy to accidents that is why if one of its members accidentally damages a property of another it shields one from any claim and compensates the damages caused until it reaches the limits of its member’s policy with the company.

Insurance discounts

Due to the variety of discounts offered at homeowners insurance company, one could be at a point of saving a lot of money. For example, they offer the multi policy discount that when one insures not only his/her home but also his car. Because of this, a discount is given to the member. If you have a cover and you have installed protective devices such as the alarms, extinguishers and deadbolts you certainly receive a discount. In addition, if you also uphold a record of loss-free for a period of three years you are also given a discount. This is to encourage the members to try as much as possible to be more responsible when handling their property to reduce damage. With some home owners insurance companies, houses that have been recently renovated also are advantaged as they get a discount and those houses have not been in use for long. When a member also proves to be keen on keeping up with the inflation and adjusts the amount he gives as premium a discount is given to him.

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Home insurance tips that every homeowner should know

Home insurance tips that every homeowner should know

Every homeowner can use these home insurance tips to help in knowing more about what insuring a home is all about and to get more out of it. Insuring your home can help you to have peace of mind knowing that in case a disaster strikes, you have a backup and you do not have to worry about getting back on your feet. This is because homeowners insurance covers the home against damage from various perils. The home insurance tips below will help you know more about insuring your home.

Know exactly what your insurance covers and does not cover

Make sure you read the fine print of your policy and understand every bit of it. This will ensure that you know what is covered. You will also know what to make a claim for in case of a disaster. You should know what the policy does not cover. There are various types of home insurance policies and insurers cover different disasters. There are also exclusions from the standard policies. Know them so you do not make a claim for what you do not qualify.

Know how to reduce premiums

There are ways you can reduce your premiums without affecting the kind of coverage you get. For instance, installing a burglar alarm, a smoke detector or a deadbolt can reduce the premiums by up to 20%. This is because you have reduced the risk of insuring your home.

Report a claim on time

There is a time limit to filing claims. Ask your insurer the time limits so that you abide by them. Waiting for a long time can make a claim invalid and you will lose the benefits.

Have it written down

Keep records of what takes place during a loss especially what you did to mitigate the loss. Keep a record of phone calls that you have made. Remember to save contracts, receipts and appraisals in a safe place including online. This can help you when making a claim.

Know how valuables are covered

Valuables are usually not covered by the standard policy and if they are, it is up to a particular limit. If yours are very expensive, you should include an additional cover to the policy to cover them.

Do regular maintenance

Regular maintenance can help to detect problems in your systems such as air conditioning and drainage systems. Insurers also require the systems to be maintained and can deny claims based on that. To be on the safe side perform regular maintenance of the home systems.

Know when you should file a claim

Filing frivolous claims can result to high premiums. This does not mean that you should not file claims, just make sure they are worth it. You should handle small damages that will not cost much to repair and leave the large ones to the insurer. If you are in doubt about a claim, do not be afraid to contact your insurer.

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What is home business insurance and who needs it

What is home business insurance and who needs it

If you are running your business from home whether part time of full time, you should take home business insurance. This is because your business is not covered by your homeowners insurance and you may end up suffering losses. For instance if a delivery person is injured while bringing you a business parcel, your homeowners insurance does not cover you and you may end up paying a lot of money. Home business insurance provides protection on your business depending on the kind of policy you have taken.

Below are three types of policy that you can use.

A rider to your homeowners insurance policy

You can include an add-on in your homeowners insurance or even renters policy to insure your business. This is a cheap solution because it costs about $100 per year to get additional coverage for about $2,500. Due to its low coverage, it is suitable for a small business that does not have many valuable types of equipment or many business visitors. You should also not suffer a lot of loss if you are not in a position to operate your business for a while due to a disaster.

In home policy

An in-home business policy has more coverage than the rider does on homeowners policy. The insurance rates range from $250 to $500 with coverage of up to $10,000. It provides coverage for theft even for business equipment and liability for injury. It also covers up to three employees. Some of the coverage provided is in loss of crucial documents and theft of money when being taken for banking. This policy is suitable if you are in a home based business that is more serious especially if you have people coming in and out of your home. It should however be a part time or a low revenue business due to the low coverage. When taking the policy, you should get the one suitable for your business in your state. States have their rules about insurance coverage provided to home based businesses.

Business owner’s policy

The policy is suitable for a large business that needs coverage of more than $10,000. Other Business owners who do not run their business at home also take the policy. Some of the coverage provided by the policy includes loss or damage to the business equipment and other business assets, liability for injuries to customers and employees, losing critical records, professional liability or malpractice claims and even loss of income. It also protects the business against interruption due to a natural disaster or power outage. It might also provide protection when you are driving a personal car for purposes of business. This home business insurance policy has a higher coverage than the rider on homeowners insurance or in-house policy. Due to the diverse nature of businesses, each business should take a business insurance that is suitable for it.

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How to Obtain Homeowners Insurance Estimates

How to Obtain Homeowners Insurance Estimates

While insuring your home, homeowners insurance estimates play an important role in ensuring that you get quick figures on what you are likely to spend. You should note that these are only estimates and the exact figures should be obtained by consulting with insurance providers or agents in person. Below are some of the ways you can use to obtain homeowners insurance estimates.

Using online quotes

Currently, many online insurance quote providers are providing quotes through their websites. All you need to do is input data about your home, for instance the home size, year that it was built and its value. With this, you can easily calculate estimates of annual premiums. There are also websites that can help to compare quotes from different insurance providers in the area. This way, you can compare quotes from different insurers to help you choose the best coverage. Due to their ease of use and convenience, online quotes form the best place to begin the search for home insurance.

Online calculator

Getting online quotes requires an estimate of the value of your home and your personal belongings. If you do not have these figures, then an online home insurance calculator can help you to know the coverage level that you need. Some of the information you need to key in are the square footage of your home and the zip code. This helps the calculator to generate an estimate figure of the level of coverage that is appropriate for you. This way, you will have an idea of how much coverage you should take for your home and belongings. Though an estimate, you should make sure you get the actual figures of the value of your home and belongings so that you can insure them appropriately without over or under insuring. Some of the websites with online calculators also provide information about the average premiums that are paid by homes in your zip code. This can be helpful in giving you an idea of how much you are likely to pay as premiums.

Visiting the insurance companies

You can go to insurance companies and get quotes in person. With a face-to-face interaction with an insurance agent or representative, you can ask questions and get personalized advice. The agent can also factor in applicable discounts if any or any information that is customized to you. Additionally, you are likely to get a more accurate quote of the premium rates because the agent helps you to get homeowners insurance estimate by taking you through a list of detailed questions. By going to the company, you are in a better position to see its customer service level as well as the level of professionalism and other factors that may influence you to do business with it. However, the downside is that, using this method to get homeowners insurance estimate takes a lot of time because you have to go through a list of questions. You may also have to go a number of insurance companies before you decide which one to use.

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More about Las Vegas home insurance

More about Las Vegas home insurance

Purchasing Las Vegas home insurance is a great step towards covering your home against any disaster that may result to loss. A home is a big investment and if it is destroyed, it can cause a lot of financial distress in rebuilding and replacing the destroyed items. If you are a homeowner in Las Vegas, you should ensure that your home is covered.
Standard Las Vegas home insurance in the state provides coverage for the following situations:

•    Damage to homes structures
•    Damage to detached structures such as garages, walls and pool
•    Damage or loss of personal possessions such as furniture and clothing
•    Provides living expenses in case the home is uninhabitable due to a covered loss
•    Protection for personal liability if there are injuries and damage of goods to other persons
•    Medical cover for a guest who is injured in the property

There is some coverage that are not provided by the standard policy and that means you will need to supplement for them if you would like coverage. Some of the areas not covered are floods and earthquakes. Some of the policies are:

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