Homeowners insurance protects against various kinds of losses to an individual or family’s home and personal belongings. The homeowner policy not only protects the house, it protects the personal property – clothing, furniture, jewelry, and other valuables inside the home against physical loss. Other types of losses are also covered such as a visitor being injured while on the insured’s premises or damage caused by the insured to third parties such as the insured’s tree falling on the neighbor’s car.
What a Homeowner Insurance Policy Protects
|Section 1||Dwelling Coverage
provides a dollar limit to repair or replace the structure itself. If there is a mortgage lender on the home, they will be interested in this amount to make sure that the amount is sufficient to cover the loaned amount in the event of a total loss.
|Section 2||Appurtenant Structures
provides a separate amount to cover damage to any additional structures on the premises such as a detached garage, permanent storage building or guest
|Section 3||Personal Property
covers personal belongings of the insured anywhere in the world.
|Section 4||Additional Living Expense
if the home is damaged the owner may have to live elsewhere while repairs are made. This section will provide money for those extra expenses.
|Section 5||Personal liability
protects the insured from claims for injury or property damage arising from third parties.
|Section 6||Medical Payments
Coverage provides “no fault” payments for medical expenses to third parties injured while on the insured’s premises.
Homeowners Insurance Quotes and Premiums
Homeowner insurance policies are specifically designed to fit the different types of dwellings. Dwellings can be single family homes, condominiums, apartments and duplexes as well. There is a different homeowner policy form for each of the different types of dwellings that address the unique needs of each type of dwelling.
Home insurance companies base the premium cost on factors such as type of age, type of construction, location to fire stations or hydrants, age of any structure improvements, alarm systems and the estimated replacement cost of the structure. Each company has different rates and guidelines for coverage.
Homeowners insurance quotes will also include limits of coverage for items such as jewelry, business equipment in the home, currency and fine arts. Home insurance companies automatically include these items for varying amounts depending upon the company. If an insured needs higher limits or additional coverage for these and other items the home insurance experts at Driscoll Insurance can arrange quotes for this specific coverage.
When shopping for home insurance quotes the experienced staff of Driscoll Insurance and Financial Services can obtain quotes from many different insurance companies such as Travelers, Encompass, Ohio Casualty and Hartford, to obtain the most competitive and complete coverage for their client’s needs. The Driscoll staff is experienced with analyzing the particular needs of their clients and can recommend ways to package or combine the home insurance with the automobile coverage resulting in substantial premium discounts. Driscoll can also advise clients on the benefits and cost savings of a personal umbrella liability policy.
Driscoll Insurance & Financial Services, Inc. is a full service company and has been serving Pittsburgh, PA homeowners since 1976, for all of their homeowner, automobile, life, health and disability insurance needs.