Whether you are renting an apartment or condo, you may need to have some form of coverage to protect your property and personal belongings. Depending on where you stay, you can buy either of the following standard homeowners insurance policies:
- HO-2 Broad Form (Named Peril)
- HO-3 Special Form
- HO-4 Renters Insurance (Contents Broad Form)
- HO-6 Condominium Unit Owners
- Market Value or Older Homes Forms
What you should know about home insurance
You may find it necessary to purchase a home insurance policy no matter where you live in the United States. Shopping for homeowner’s insurance means keeping the following in mind:
- Your home's physical location
- The house replacement value
- The amount you should pay for premiums as well as the deductible
- The type of coverages available along with extra amendments
What does home insurance cover?
Most dwellers, homeowners, renters or condo insurance have similar coverages which all round up to saving significant amounts of money in case of damages. Home insurance basically covers the following:
- Personal property: This coverage protects anything in your home like electronics, furniture, and appliances.
- Dwelling: The whole structure of the home which includes the walls, floor, and the roof is covered under the dwelling coverage.
- Other structures: This coverage covers other structures that are surrounding the house. These may include the stand-alone garage or shed that is in your compound.
- Guest medical protection: This is a payment that your insurance provider pays if someone else is injured while in your property.
- Liability coverage: This policy defends and helps cover you in case someone sues you after an accident in your home.
Protect what matters to you most by getting a homeowner’s insurance today. Speak to our insurance experts at Knippenberg Insurance Inc. for all your insurance needs.