As a homeowner, you likely have a lot of questions regarding home insurance. Sometimes, you purchase a policy just because you need it and don't take the time to properly understand its use and coverage. Below are a few of the most common questions we get as local insurance brokers - and simplified answers to help.
What is a home insurance premium?
A home insurance premium is the amount of money you agree to pay in exchange for coverage. Premiums are determined on a case-by-case basis and reflect the risk associated with the property. You will be able to pay premiums monthly or annually.
Does home insurance cover my belongings?
It sure does! Home insurance protects your belongings inside and outside of the home. That means if your phone is stolen from your kitchen or your laptop is stolen on an airplane, you can rely on home insurance to replace the property. If you have items of high-value, however, you may need to secure additional coverage to protect their worth.
Does home insurance cover water damage?
It really depends on the cause of loss. Home insurance will cover water damage if it is sudden and accidental, such as a burst water pipe or an overflowing washing machine. If your home has been flooded by a natural disaster or a sewer back up, your policy may not be able to step in to help. Fortunately, you are able to obtain separate riders for these types of situations.
Home insurance offers help when you need it the most. When you're ready to secure a quality homeowners insurance policy, talk to the friendly experts at Jack Stone Insurance Agency. We serve Antioch, Brentwood, and surrounding cities in California. Contact us today to get started!
