The basic objective is to make insurance for the loss of the entire economy. Now the small insurance company today (relatively) big, but in exchange for guarantees from insurance companies to bear the burden of losses, uncertain agreed to pay a small fee. But the future may lead to a loss for you.
Some insurance - will tell you your own home for free. As long as you still have to pay taxes on the property, you are guaranteed the right to use the building at the request of the legitimate Let 's obvious you are here, even if you want to rent, you can sell it. Tree house after a serious injury in case of falls. But there is still a price to pay for home repairs. This is not a fixed payment or property as a primary reason for property insurance.
Who needs insurance?
We can be responsible for errors on property insurance for our people, because we are many, either by law or contract of insurance. (Contracts), but if it is not much you can do to property insurance, it often takes the form of liability insurance for motor vehicles in particular. There are also people who do not properly and include the repair or return of capital. For example, failure to pay the cost of medical liability insurance or to fix the car. If most of us have to buy liability insurance, property insurance, so we are lucky. (Eg complete or insurance), it is easy to mistake the ability to purchase and redeem us from our own economic difficulties, damage to the vehicle.
cover
According to a study published in the Journal of Financial Planning has shown that almost all significant insurance a false landlord owned lots. Three judges, one half of a standard flood policy covers the homeowners surveyed by the Association of Insurance Commissioners, including the policy of his share of the water. 30% of people said they were more than offset the earthquake and said it will cover only a small fraction of the model. ".
In practice, this does not include general risks at all. (Due to the destruction of property).
Immersion in water (this is a separate policy).
Earthquake (which is a separate policy).
mold
Rules of War
(Old pipes and wiring, air conditioning, heating and roof) is part of the damaged property.
These things tend to be protected, which means that it does not cause damage to several months of slow flow. "I was very sudden and unexpected" should be, so it will be saved. Often, it's full warranty The storm damaged the roof of the cave over the age can not be overwritten.
This is a general risk of typical applications include:.
fire
Wind (tornado or hurricane).
hailstone
robbery
responsibility
As well as a home or other property, including insurance, liability insurance, an important position. The person you care for them, you can not think this is very important. But emergency measures to find a lawyer of his own jeomsuyi high and low every city. Liability insurance of car owners may be well known. But a little known
What do you think pays for the damage caused by the burning of coal, because if you ignore your neighbor's house is burning? You will pay a premium of insurance companies, so they have to pay more in the event of a claim. This also applies to people and damage to your property needs to be maintained.
You can get a diamond ring on your property, holiday compensation stolen. Be sure to record the theft of the facts and you will be able to report to the insurance company.
I do not think - Knowledge
The most important - is not included, you should know that the policies and actions of the insurance company you have all of these things will not be charged a small cover that can happen to your property.
Other (non) coverage.
Domestic enterprises are usually not included. This home study But people do not come to your home to where your customers furniture repair workshop. You must have a business (business) strategy separately for safe, regular and legal liability. Again, state and local laws.
In addition, your property if your home is empty for a minimum period of time, such as six to ten, especially homeowners insurance policy will be canceled immediately. So the risk of fire or theft is much more dangerous to assume more empty homes changes the risk profile of the policy. If you have a second home or vacation property, you can get a policy to cover this hypothesis.
It is necessary to avoid an error.
Please review the policy of the actual cost (ACV) or replacement cost, including maintenance. Replacement cost is usually much better. For example, if you need to replace damaged roofs, net of recovery of expenses you pay a deductible instead of ACV would pay as much as the roof, in fact, the estimates of damage ACV is cheaper than the cost. during compensation
Art and jewelry
Even if you have this knowledge, including jewelry, expensive, or you can float. This will add to your basic policy. Many politicians will have to pay some amount of damage, you will not have to pay more.
coinsurance provisions
Finally, some owners have to ensure that their property to pay him to play down the coinsurance is 80% less than the current replacement cost of insurance is destiny. (Depending on local law), the insurance company may ask you to share a little above the level of coverage and deductibles for repairs.
premium
Do you live in a hurricane prone tornado or flood zone? Do you have a large dog or a swimming pool? You smoking? How is your credit score or not.
You will be billed according to you, they can answer these questions based on a higher risk than usual. These insurance companies will establish insurance rates to consider. For more information about these and other risks applicable to you in higher interest rates.
final thoughts
Last warning: Some insurance companies offer policies at an alarming rate, it would seem, if the company is not known as a speed surprising incredibly good, it should be a red flag. Instead of just listening to one side of the story for the seller to check the reputation of companies they cover and politics, they do not see. I think you will find that you do not set a minimum area of ​​nearly late enough range. The quality of the argument - "cheap insurance is very expensive," he recalls.