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Why do you need homeowners insurance?
It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That's important because chances are your home is likely one of your largest investments.
If your home was destroyed by fire or damaged by a natural disaster, you'd need money to repair or replace it.
If a guest in your home is injured, liability protection and medical coverage help pay expenses.
If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
If you are still paying for your home, your lender will require insurance.
If your home was destroyed by fire or damaged by a natural disaster, you'd need money to repair or replace it.
If a guest in your home is injured, liability protection and medical coverage help pay expenses.
If you are a victim of theft and vandalism, it can reimburse you for your loss or pay for repairs.
If you are still paying for your home, your lender will require insurance.
- It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your agent to talk about what is covered and be sure to read your policy so you know exactly what's included and what is not.
Things to consider and questions to ask your agent
Yassa Agency relies on Independent Agents to help you select coverage based on your specific needs. Here are few things to discuss with your agent that will influence your decisions.
How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? (Ask your agent to talk you through your home's features and the things you own so you can make an informed decision about coverage.)
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
What discounts are available? (Ask about multiple policy, security system and fire resistance discounts.)
What's the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)
How much will it cost to rebuild my house and replace my belongings if they are damaged or destroyed? (Ask your agent to talk you through your home's features and the things you own so you can make an informed decision about coverage.)
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
What discounts are available? (Ask about multiple policy, security system and fire resistance discounts.)
What's the process for filing and settling a claim? (Ask who to call and what happens after you file a claim.)
Lowering the Cost
You Can Take Action to Lower Your Insurance Costs
The amount you pay for your homeowners insurance depends on many factors. Following the suggestions listed below may help you lower your costs.
Insure multiple policies with Yassa Agency. Insuring both your auto and home with Yassa Agency qualifies you for a discount on BOTH policies.
Increase your deductible. Deductibles range from $500 to $7,500. By raising the amount you pay out-of-pocket for losses, you can save more on your homeowners policy. Ask your agent to explain the trade-offs.
Monitored fire or burglar alarms can reduce your insurance costs.
The amount you pay for your homeowners insurance depends on many factors. Following the suggestions listed below may help you lower your costs.
Insure multiple policies with Yassa Agency. Insuring both your auto and home with Yassa Agency qualifies you for a discount on BOTH policies.
Increase your deductible. Deductibles range from $500 to $7,500. By raising the amount you pay out-of-pocket for losses, you can save more on your homeowners policy. Ask your agent to explain the trade-offs.
Monitored fire or burglar alarms can reduce your insurance costs.
Understanding Insurance Terms
Understanding the Difference Between Dwelling and Liability and Other Terms
Insurance jargon can be a bit unfamiliar, and we want to be sure you understand and know what you're paying for.
This protects your home.
Property or Dwelling Coverage
This typically pays to repair or rebuild your home if it's damaged or destroyed by an insured event like a kitchen fire or windstorm.
These protect you and other people
Personal Liability Coverage
Personal Liability Coverage. This applies if someone is injured or property is damaged and you are to blame. The coverage applies anywhere in the world. When choosing liability coverage, consider things like how much money you make and the assets you own. Your liability coverage should be high enough to protect your assets if you are sued.
Medical Coverage
This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household or household staff.
Additional Living Expenses
If you can't live in your home because of a covered loss, Yassa Agency will pay additional living expenses - typically for up to 12 months - while damage is assessed and your home is repaired or rebuilt.
These protect your belongings
Personal Property
Your home is filled with furniture, clothes, sports equipment and other items that mean a lot to you. This helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.
Scheduled Personal Property Coverage
If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.
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