Getting a Good Home Insurance Policy

Home insurance is a required item that anyone who owns a house should invest in. Ask yourself this question. If a tornado struck my house may I afford to replace my household and all its contents out of my own pocket? What if a pipe burst in my household and flooded the basement? Could I afford the repairs? What would you do if a tree fell on the roof?

 Normally a household insurance policy will secure the home structure, garage and any small structures that you list like a shed. It might also protect the contents to a percentage of the home coverage but not all policies protect contents automatically so always read the policy to make sure one understands what your coverage is. Make sure that you understand that home insurance does not include flood insurance. Flood insurance is a separate insurance policy that is not covered by a home insurance policy. Many homeowners do not realize the difference until it is too late.

 Home insurance can be confusing when reading over the policy. A broken water pipe in the basement would be covered under your house insurance policy but if the water was ground water from a creek over flowing and coming through a basement window then one must only be covered if you had flood insurance. Premiums will be adjusted also to secure collections, jewelry, weaponry and furs. You must even have your premiums set up for automatic bank withdrawal for yearly, semi annually or monthly payments.