What You Should Always Know About Your Home Insurance Policy
Always Remember These 3 Factors About Your Home Coverage
Your home is one of your most valuable assets, and it’s where fond memories are made and your family grows. However, any sudden fire or vandalism can destroy your humble abode. Unfortunately, disasters can happen at any time, anywhere, which is why homeowners secure reliable home insurance in Beaumont, CA to safeguard against the unexpected. Until you file a claim, do you know much about your policy? Take the time to review these three important points about your home insurance policy.
Every policy spells out which natural disasters and perils are covered. Standard policies cover fire, lightning, wind, hail, explosions, vehicle or airplane damage, falling objects, theft, and vandalism. Generally, damage from earthquakes and floods are omitted from coverage, and homeowners must purchase these in separate policies if they desire protection. Be sure to know what perils your home policy covers so that you don’t face a nasty surprise when you come to file a claim.
A deductible is the amount of money you pay towards the claim before the insurance company starts to help. While this is often a dollar amount, there may be deductibles in your policy that are a percentage of the total claim damage. In this case, the dollar figure is unknown until the damage is assessed.
The premium is what you pay every month or year for the coverage benefits. Amounts will vary by ZIP code, proximity to fire services, property value, and features. You can talk to your insurer about ways in which you can lower your premiums, such as installing fire alarms, raising your deductible, and bundling coverage.
Be sure that you know and understand these three factors of your insurance policy. For all of your homeowners insurance needs, talk to the professionals at Little & Sons Insurance Services, serving Banning and neighboring cities in California.