{"id":100882,"date":"2021-04-06T00:02:41","date_gmt":"2021-04-06T07:02:41","guid":{"rendered":"https:\/\/theavtimes.com\/?p=100882"},"modified":"2021-04-08T19:07:16","modified_gmt":"2021-04-09T02:07:16","slug":"is-all-house-insurance-the-same","status":"publish","type":"post","link":"https:\/\/theavtimes.com\/2021\/04\/06\/is-all-house-insurance-the-same\/","title":{"rendered":"Is All House Insurance the Same?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-100883\" src=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/04\/Home-insurance.jpg\" alt=\"\" width=\"624\" height=\"415\" srcset=\"https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/04\/Home-insurance.jpg 624w, https:\/\/theavtimes.com\/wp-content\/uploads\/2021\/04\/Home-insurance-300x200.jpg 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/p>\n<p>Your home is the most significant investment you will likely ever make. You may have spent years saving and forgoing simple luxuries to afford the down payment. Then qualify for the mortgage, your bank is now likely insisting that you have home insurance, or homeowner\u2019s insurance, for at least the purchase price. However, is all <a href=\"https:\/\/www.allstate.com\/home-insurance.aspx\" target=\"_blank\" rel=\"noopener\">house insurance<\/a> the same?<\/p>\n<p>While you initially may have looked into home insurance to tick all the boxes for your mortgage lender, it is integral that you understand what is included, what is optional, and how you can save. Not every home insurance policy is exactly the same, so you need to grasp the various options and <a href=\"https:\/\/theavtimes.com\/2020\/06\/30\/insurance-costs-to-consider-in-lancaster\/\" target=\"_blank\" rel=\"noopener\">consider your home\u2019s location<\/a>. Keep reading to discover more about the basics of home insurance.<\/p>\n<h3>What is included?<\/h3>\n<p>Home insurance is a form of residential insurance taken out by the homeowner. Standard home insurance coverage generally includes:<\/p>\n<ul>\n<li>Structural loss or damage to your home<\/li>\n<li>Contents loss or damage<\/li>\n<li>Public liability<\/li>\n<li>Additional living expenses<\/li>\n<\/ul>\n<p>It is integral to consider a few key factors to decide which home insurance is best for your current situation. These include:<\/p>\n<ul>\n<li>The actual value and replacement value of your home<\/li>\n<li>The real value and replacement value of your belongings<\/li>\n<li>What belongings are included or excluded from coverage<\/li>\n<li>The deductible to be paid before realizing a claim<\/li>\n<li>The amount payable if your home is uninhabitable in the short or long-term<\/li>\n<li>The extent of your public liability in case someone is injured at your home<\/li>\n<\/ul>\n<h3>What is optional?<\/h3>\n<p>While home insurance is essential to safeguard your investment and protect you from personal liability, it is worthwhile speaking to your insurance provider or insurance broker about your particular situation. Certain structures, like mobile homes, may require a different type of insurance. Moreover, if your area is susceptible to flooding, <a href=\"https:\/\/theavtimes.com\/2020\/11\/19\/residents-impacted-by-bobcat-wildfire-must-register-for-aid-by-dec-16\/\" target=\"_blank\" rel=\"noopener\">wildfires<\/a>, earthquakes, or other natural disasters, you may need additional coverage.<\/p>\n<p>Home insurance can often be bundled to include the following optional plans:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.justice.gov\/criminal-fraud\/identity-theft\/identity-theft-and-identity-fraud\" target=\"_blank\" rel=\"noopener\">Identity theft<\/a> and restoration coverage<\/li>\n<li>Electronic data coverage<\/li>\n<li>Musical instruments<\/li>\n<li>Sports equipment<\/li>\n<li>Personal possessions with an <a href=\"https:\/\/www.chubb.com\/us-en\/individuals-families\/resources\/why-you-need-an-appraisal-for-your-collectibles-how-to-get-one.html#:~:text=To%20get%20insurance%20on%20valuable,provide%20limited%20coverage%20for%20valuables.\" target=\"_blank\" rel=\"noopener\">appraised value<\/a><\/li>\n<li>Water back up<\/li>\n<li>Garden and yard restoration<\/li>\n<li>Business inventory<\/li>\n<\/ul>\n<h3>How can you save?<\/h3>\n<p>Like any product or service, it is unlikely that the cheapest option is the best option. However, there are still various ways to save when it comes to getting home insurance that does not disrupt your coverage. If you have a new-build home, make automatic payments or renew your policy before it is due, then you can qualify for significant discounts. It is also possible to bundle your home insurance policy and your car insurance for more considerable overall savings.<\/p>\n<p>Home insurance should be considered an essential expense for any homeowner; however, it is well worth checking into your plan annually. Ensure that all of the details are still relevant to your current situation and that appraised belongings are accurately listed. An insurance broker will assess your requirements and offer suggestions before finding you the best policy. You don\u2019t want to wait until it is too late to find out that you were adequately covered.<\/p>\n<p>&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your home is the most significant investment you will likely ever make. You may have spent years saving and forgoing simple luxuries to afford the down payment. Then qualify for the mortgage, your bank is now likely insisting that you have home insurance, or homeowner\u2019s insurance, for at least the purchase price. However, is all [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":100883,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/100882"}],"collection":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/comments?post=100882"}],"version-history":[{"count":0,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/posts\/100882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media\/100883"}],"wp:attachment":[{"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/media?parent=100882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/categories?post=100882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theavtimes.com\/wp-json\/wp\/v2\/tags?post=100882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}