Home Insurance Coverage in New York
You have spent a large majority of your income and likely some savings to purchasing your home. You’ve invested time and money so relax and enjoy your property with a Homeowner’s Insurance policy from George A. Bell Insurance Agency!
For Homeowner’s, insurance protection is a vital part of owning a home. Purchasing a homeowner’s insurance policy, or home insurance policy, means purchasing protection for the inside and outside of your home.
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Homeowners insurance, or home insurance, ensures you get paid for losses to your home and your possessions inside it. Purchasing a homeowners policy provides added security for your largest investment. Home insurance also protects you if you’re found to be liable for someone’s injuries on your property. This policy will also protect you from financial losses caused by storms, fire, theft and other events outlined in your policy.
Familiarize Yourself With Common Homeowners Insurance Terms:
B- Other Structures on Your Property
C- Personal Property/Contents
D- Loss of Use
E- Personal Liability Protection
F- Medical Payments
Dwelling coverage protects your home’s structure against the damage and possible loss from a covered event such as a wind, hail, lightning or fire. (Note: Earthquake and flood coverage requires separate policies. Talk to an agent today about earthquake and flood insurance). This part of your insurance policy will pay to replace the home’s structural components.
Other Structures such as detached garages, buildings or sheds on your property are also protected by a standard homeowners policy. Typically, the coverage for other structures is 10% of your dwelling coverage although higher amounts are available if you wish to purchase them.
Personal Property comes standard with a homeowners insurance policy and protects your items within your home or on your property should they be stolen, lost in a fire or damaged otherwise by a covered loss. These items include, but are not limited to clothing, furniture and other personal items.
Loss of Use will provide you with living expenses in the event your home is not livable due to a covered loss. This type of coverage will usually cover the cost of a hotel, restaurant bills and other living expenses while your home is being repaired.
Personal Liability Protection protects you from bodily injury or property damage lawsuits in the event someone files a lawsuit against you. This also includes things like your pet biting someone through a fence.
Medical Payments coverage pays medical expenses for a non-resident who may have been injured while on your property.
Contact our agency for a home insurance quotes today!
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