What is Homeowners Insurance?
The big question everyone will ask is when to get homeowners insurance when buying a house, but first let’s ask, what is homeowners’ insurance?. Homeowners insurance is a form of property insurance that is able to cover losses and damages to a person’s house and to the assets within the home. This includes windstorm coverage, one of the most important forms of personal insurance, especially in the state of Florida due to the fact that Florida is the top state that gets hit by hurricanes.
You can read more about our homeowners’ insurance policy that includes windstorms here.
Over-insured? Or Under-insured?
Some houses are either under-insured or over-insured. For Instance, some households are insured for longer periods of time with one insurance company may have insufficient limitations of policy because of increased building costs. In some instances, houses have been remodeled and it goes without being communicated to the insurance company, this leads to severe underinsured home values.
Knowing when to get homeowners insurance when buying a house is very important. However, so is cost. When you own a house, homeowners’ insurance is very necessary. The price of homeowner’s insurance varies from coverage, payment options, the located area. Also the insurance organization, and the type of home. You can get a free quote from us now here.