When you buy a home, you’re making a momentous financial and emotional investment. Home insurance can be a great asset in case your house is destroyed or damaged.
If your home in West Valley, Utah is damaged or destroyed by flood, fire or some type of natural disaster and you don’t have homeowners insurance, you will be financially responsible for the complete cost of rebuilding your home. Purchasing home insurance can restore your personal property or protect you if you are liable for damage to another person’s property or an injury sustained at your home. Additionally, you could also get coverage to cover court fees, food and lodging if you have to abandon your home.
From liability coverage to larger policies, home insurance policies vary in coverage of the home’s structure and your personal property in your house. Home insurance can vary from basic liability coverage to larger policies that cover your home’s structure and personal property. There are also special policies that cover your house in case of fire, flood or earthquake.
Meet with a qualified insurance agent from Insurance Quotes Salt Lake today and find out what type of home insurance best fits your needs.
Homeowners 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 gives you fundamental coverage. It covers harm caused by particular incidents, including fire, lightning, windstorms, hail and explosions. These plans also usually cover damage instigated by civil disturbance and volcanic eruptions. Since this policy is very restricted, many states don’t usually offer it to customers.
HO-2 Policy
This policy protects 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 contracted by a vehicle. If your pipes burst or your roof collapses, this policy will also cover that.
HO-3 Policy
HO-3 policies cover all possible causes of damage to your property and asset loss, with the exception of explicitly listed events. Exclusions differ from policy to policy, so read yours meticulously to understand what is going to be excluded.
Basic vs. Extra Coverage
Fundamental homeowner’s insurance typically covers the money it will cost to fix the damaged property, as well as the restoration costs if your home is destroyed. It also covers your belongings, but the items inside your house are only covered for up to 40 percent of the home’s insured value. Supplementary coverage will defend you against earthquakes and floods, as well as dealing with the loss of private property like jewelry, computers and cameras.
Call Us for Homeowners Insurance in West Valley
West Valley is a great place to call home. You need to make sure that home is insured. For a comprehensive list of the best rates and policy details from Utah’s top home insurance groups, contact Insurance Quotes Salt Lake.
