5 Things to Know About Homeowners Insurance

When you plan on borrowing money to buy a house, the lender whom you are about to acquire from will require you to purchase insurance to protect the interest. But unfortunately, a lot of people who buy a homeowner’s insurance doesn’t understand its features or how to could save some money on the premiums.
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In this article, we will cover some facts that you needed to know about the homeowner's insurance policy.

1. Different Types of Policies
   A homeowner insurance policy is a standard across the USA. However, some insurers or states might offer plans that are a bit different. Therefore, before you go on signing a contract with an insurer, ask what the policy exactly covers.
   
   
2. Not All Damages are Covered
   A standard homeowners insurance policy provides a lot of protection on your home, this includes structure coverage, liability, loss of personal belongings, and others but it doesn’t exactly cover all of them. Ask about what your policy covers and tell you to want to add a couple more coverage for your convenience. This is necessary if the type of coverage that you wanted to add is needed.
   
   
3. Don’t Neglect Home Maintenance
   Most insurance companies make sure that your property is in good shape, so they might offer home maintenance. If they do, do not refuse it as support doesn’t mean that your house is unsafe or cannot withstand some damages. All it does is to double check your home if there are no damages that could worsen if there’s bad weather coming.
   
   
4. Your Homeowners Insurance Policy doesn't cover some Pets
   Typically, the liability coverage is applied to all members of your house, including your pets. However, some insurers are particular on which breeds they are insuring. The kinds that are excluded from the coverage are:
   
   •    Chow-chow
   •    Alaskan malamute
   •    Mastiff
   •    Great Dane
   •    Rottweiler
   •    Siberian husky
   •    German Shepherd
   •    Doberman pinscher
   •    Wolf hybrids
   •    Pitbull or terrier
   •    Cane Corso
   •    Boxer
   •    Akita
   •    Presa Canario
   
   If your dog is included in the list, you’ll have to consider buying a separate umbrella liability coverage.
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5. Don’t Always Make a Claim
   Insurance is the only investment that you hope that you won’t use is the future. Not only will the repairing of damage a hassle, but you’ll also notice that getting an insurance claim may increase your rate for years. Therefore, file a complaint, only if it’s needed.

Conclusion:
Homeowners insurance covers a lot of things when it comes to protecting your household, but you should know that there are some things that you needed to know about the policy. If you want to make sure that you have the right plan that you can make use of in the future, make sure to ask your insurer about it.

At Insurance Agency Network, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.