Purchasing a house is a huge emotional and financial investment, so it’s vital to keep the investment protected. Home insurance can be a great asset to ensure that you are covered in a scenario where your home is destroyed or damaged.
From liability coverage to larger policies, homeowner’s insurance can vary in the coverage for the structure and personal property in your house.
Meet with a qualified insurance agent from Insurance Quotes Salt Lake today and find out what type of homeowner’s insurance best fits your needs.
Common Homeowner’s Insurance Policies
The most common types of homeowner’s insurance policies are listed as follows:
HO-1 Policy
An HO-1 homeowner’s insurance policy provides you with essential coverage. It deals with damage caused by specific instances, including fire, lightning, windstorms, hail and explosions. These policies also usually cover damage caused by civil unrest and volcanic eruptions. Since this policy is very narrow, many states don’t usually offer it.
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, as well as destruction caused by smoke and any damage incurred by a vehicle. If your pipes burst or your roof disintegrates, this policy will also take care of that.
HO-3 Policy
HO-3 policies cover all possible reasons of destruction to your property and asset loss, with the exception of specifically listed events. Exclusions vary from policy to policy, so go over yours meticulously to recognize what is going to be left out.
Basic vs. Extra Coverage
Fundamental homeowner’s insurance typically covers the money it will cost to fix damaged property, as well as the restoration costs if your home is wrecked. 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. Additional coverage will shield you against fires and earthquakes, as well as dealing with the loss of private property like cameras, computers and jewelry.
Contact Insurance Quotes Salt Lake Now
Ensure your beloved home in West Jordan, UT is protected by getting a homeowner’s insurance quote from Insurance Quotes Salt Lake. Contact us now to speak with one of our home insurance brokers for a complete list of policy details and local rates.
