Basic Homeowners Insurance | What is Homeowners Insurance

What is Homeowners Insurance

Over the next few weeks we will be providing you with information about Basic Homeowners Insurance. It’s difficult to find out about what homeowners insurance is, what it covers and the factors that help to determine what the premiums for a policy would be.

When you purchase a house it’s a home but it’s also an investment made. To protect that investment you need to protect it with the best home insurance policy that you can afford.

The list below shows you some of what basic homeowners insurance can cover. You home and your personal property can be covered against damage from the following:

  • Fire damage
  • Smoke
  • Vandalism
  • Theft
  • Wind, lightning, hail
  • Explosion
  • Any plumbing damage
  • Automobiles

As you can see damage from most types of disasters are covered from the basic home insurance policies. But there are a few things that are not covered such as floods and earthquakes. These two cause the most damage to your property and you will need separate policies to cover protection from floods and earthquakes in most cases.

Another thing that you need to check from your homeowner insurance company is that of maintenance problems. Normally any damage relating to poor management/maintenance of your home will be down to the responsibility of the homeowners.

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