Making the choice to buy a home in Sandy is a huge emotional and financial investment, making it important to keep the investment protected. Home insurance can be a great asset to ensure that you are protected in the scenario that your home is destroyed or damaged.
From larger policies to liability coverage, homeowner’s insurance can vary in how it covers the structure and personal property in your house.
Meet with an experienced insurance agent from Insurance Quotes Salt Lake today and find out what kind of homeowner’s insurance best fits your needs.
Typical Home Insurance Policies
The most basic types of homeowner’s insurance policies are listed as follows:
HO-1 Policy
An HO-1 homeowner’s insurance policy gives you essential coverage. It takes care of harm caused by particular incidents, including fire, lightning, windstorms, hail and explosions. These plans may also cover damage caused by volcanic eruptions and civil conflict. Since this policy is very limited, many states no longer offer it to customers.
HO-2 Policy
This policy safeguards you from 16 types of events, including damage from theft, vandalism and riots. It also covers hail damage, windstorm damage and broken glass, along with smoke damage and wreckage caused by a vehicle. If your pipes burst or your roof disintegrates, this policy will also protect that.
HO-3 Policy
The HO-3 policy covers all possible reasons of damage to your property and belonging loss, with the exception of precisely listed events. Exclusions vary from policy to policy, so it’s important to review yours and understand if anything is left out.
Basic vs. Extra Coverage
Fundamental homeowner’s insurance typically covers the money it will cost to restore impaired property, as well as the replacement costs if your home is destroyed. It also covers your belongings, but the contents of your household are only covered for up to 40 percent of the home’s insured value. Supplementary coverage will defend you against fires and earthquakes, as well as dealing with the loss of private property like computers, jewelry and cameras.
Call Insurance Quotes Salt Lake
It’s vital to keep your Sandy home protected. Let the professional home insurance brokers from Insurance Quotes Salt Lake help you! Contact us today for a comprehensive list of policy details and the best homeowner’s insurance rates available.
