The Top 7 Perks of Having Comprehensive Homeowners Insurance
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Contents
- 1 Introduction
- 2 It protects you against disasters
- 3 It covers loss of use
- 4 It covers you for temporary living expenses
- 5 It offers liability protection
- 6 You get better coverage for your belongings
- 7 Your deductible is lower
- 8 You can customize the policy to fit your needs
- 9 Having comprehensive home insurance is a great idea, and there are even more reasons to get it than you think.
- 10 Conclusion
Introduction
You’ve got a home, and you want to protect it. That’s smart! But do you know if your home insurance is protecting you against disasters, loss of use, temporary living expenses, or even liability? The answer to that question will probably surprise you – and it might even inspire you to make some changes.
It protects you against disasters
The most obvious benefit of having comprehensive home insurance is that it protects you against disasters. It’s not just hurricanes and floods; comprehensive coverage also covers manmade disasters such as fires and earthquakes, as well as natural disasters caused by animals.
It covers loss of use
The benefit of having comprehensive insurance is that it covers loss of use. If your home is damaged and uninhabitable due to a covered incident, then you’re eligible for compensation for the time it takes to make repairs.
For example, if a storm blows through town and knocks out power lines all over town and your house loses power–or worse yet, catches fire–you can get reimbursed by your insurer for any expenses related to staying somewhere else while repairs are made. This includes hotels or Airbnb rentals (if available). You’ll also receive payment for food eaten away from home during this period as well as transportation costs incurred while traveling back and forth between locations where you’re staying temporarily because of damage at home.*
It covers you for temporary living expenses
While you’re waiting for repairs to be complete, a policy with this coverage can reimburse you for the cost of staying in a hotel. It may also cover the expense of renting a temporary place to live while your home is being repaired. This is helpful if you are displaced due to a natural disaster or other event that requires extensive repairs on your property.
It offers liability protection
Liability protection is one of the most important benefits of having homeowners insurance. If someone slips and falls on your property, or if they are injured by an object that breaks and injures them, you may be held liable for the damages they incur. Liability insurance covers these costs so that you don’t have to pay out of pocket for them.
You get better coverage for your belongings
Comprehensive home insurance covers the value of your belongings in the event of a loss. For example, if you had to replace a $1,000 television with one that cost $2,500 because that’s what was available at the time (the price has since dropped), then you would be reimbursed for this difference with comprehensive coverage.
With standard policies, there are limits on how much can be claimed in case of loss or damage. In most cases these maximums are set at $500 per item and $1,000 total per year–though some companies may offer higher limits for an additional cost.
Your deductible is lower
- The lower your deductible, the more likely you are to make a claim.
- The higher your deductible, the less likely you are to make a claim.
You can customize the policy to fit your needs
- You can choose your deductible.
- You can choose the coverage limits for each type of property, such as how much you want to be paid for a stolen car or damaged home.
- You can even add or remove certain coverage options if they don’t apply to your situation (for example, if you live in an area prone to earthquakes and tornadoes).
Having comprehensive home insurance is a great idea, and there are even more reasons to get it than you think.
If you’re like most people, you may not have heard of comprehensive home insurance before. It’s not a concept that is taught in school or discussed at length with friends or family. But if you’re looking for a way to protect your home and all its contents from disaster, then it’s worth considering as an option–and there are even more reasons than just those listed above why this kind of insurance is so valuable.
First off, comprehensive coverage is affordable: You can get it from companies like State Farm or Allstate for less than $100 per year on average! And while some people might think that sounds expensive compared to other types of policies (such as liability), it turns out that there are many benefits associated with having comprehensive coverage that make up for this cost difference over time.
Conclusion
If you’re looking for a way to protect yourself and your family, it’s time to check out comprehensive home insurance. It has so many benefits and can really help you out when something goes wrong. If you don’t have this type of coverage yet, now is the time!
