Your home is probably one of the largest investments you’ll make in your life. Homeownership comes with many benefits, not to mention the pride of owning your own house. However, there are some more complicated aspects of being a homeowner. One of those things is buying home insurance. You might be wondering what exactly homeowners insurance covers and how it protects your home. We’ll go over five different areas that a homeowners insurance policy covers and explain how it protects your home.
homeowner’s insurance
Homeowner’s insurance is extremely important in protecting your home from damages or other losses. It is essential to have in case of a disaster, robbery, or other instance. However, there may be things in your policy that are not covered that you are unaware of.
In this article, we will discuss what items or events may not be covered under your homeowner’s insurance policy. No home should be without insurance. Therefore, knowing what to look for in your policy can help you get the best possible coverage without any surprises down the line. To get more information on the subject, reach out to so that we can assist you in picking the best insurance coverage.
15 Common Homeowner’s Insurance Discounts to Ask Your Agent About
Being a homeowner can be hard work. There’s a lot to think about – what color to paint the walls, how to arrange the furniture in the family room, what kind of light fixtures to put in the hallways…and then, of course, there’s home insurance. If you’re going through the process of buying home insurance, you might be holding your breath and bracing yourself for the cost.
But we’ve got good news: you can save money on your home insurance.
There are these magical things called discounts that can knock the price of your homeowner’s insurance down. We’re going to explain about 15 home insurance discounts to ask about.
Hurricane Season Is Here, Make Sure Your Property Is Protected
When hurricane season comes around every year, you’re bound to hear some intense local stories of flash flooding and thunderstorms. Therefore, now is the right time to make sure your home is protected from hurricanes.
While your homeowner’s insurance policy may cover some of the flood damage, it will not offer full protection against the investment losses. So, instead of startling yourself with an unpleasant revelation by the insurance provider that your policy doesn’t cover any or all hurricane damage, it’s best to look for appropriate coverage.
This is where flood insurance comes into play. This post explains how adequate flood insurance can protect your home during hurricane season from damages.
The Rise in Construction Material Costs Can Impact Your Insurance Claims
The increasing prices of construction materials have become a threat to many policyholders. Even though soaring prices are well-documented, it is essential to watch out for the trend and its possible implications.
As per the Associated Builders and Contractors analysis, the latest costs of materials has increased by 73 percent since 2020. This change in costs has increased the price of single-family houses by $36,000. In fact, the recent reports indicate that these prices have hit $1,500 per thousand for the first time in the housing market’s history.
With Hurricane Season Starting, Now Is the Time to Take Down Your Dead Trees
Now that hurricane season here, it is time to take down those dead trees surrounding your home. Waiting to address this issue may cause you a lot of money in property damages due to strong winds and storms. And the worst part is that your insurance may deny your claim to cover the cost due to the damage caused by a natural disaster.
This is one of the hurricane-related damages you can prevent if you know the existing threat the trees pose to your property. So, get your thinking cap on and start taking a look around your house to see which of the trees may need removing.
If you believe that some of the trees are quite high and may pose a danger of falling onto your home due to strong windstorms you may need to have someone prune them. Talk with a local tree removal company and see what trees are dead or pose a threat to your home.
Smart Gadgets You Need for Your Home
Modern-day homeowners prefer to maintain a state-of-the-art household with the latest smart gadgets and appliances. Thanks to the Internet of Things (IoT), you can now connect your appliances and gadgets with your smartphone for remote access.
Do not think of smart gadgets as a waste of money; they can actually add value to your home’s resale value. For instance, having smart garage doors or a smart heating system will help you get more money for your house.
Does My Home Insurance Cover If Someone Hits My Mailbox?
There are a variety of ways that someone may hit your mailbox. There could have been a group of kids that toppled it over for fun or a driver that wasn’t paying the best attention to the road. Either way, the remains are lying in a heap on your lawn. In these situations you probably wonder who’s going to pay to fix it. Does homeowners insurance cover these types of damages?
Does Your Home Insurance Cover Water Damage?
Regardless of the cause of the water damage in your home, it can cost you a significant amount of money. Though there can be numerous reasons of water damage, pipe burst, severe weather, and floods are the common ones. It can also affect your home in the form of sneaky leaks such as drip outs and condensation.
According to some recent data, one in fifty insured homes file claims for water damage each year. If you leave water damage untreated, it may lead you to several other problems including foundation cracks and mold. This makes finding out if your homeowner’s insurance covers water damage or not extremely important.
Here is everything you should know about water damage claims (when it is covered and when it is not).
Getting a Pool or Trampoline May Lead to Higher Homeowner’s Insurance Costs
When was the last time you reviewed your homeowner’s insurance policy?
If you haven’t for quite a while, now would be a good time to do it and find out whether your house has decreased or increased in value. In fact, it is one way to prepare you for the due property taxes.
Although you may have kept the coverage in place, it may increase your homeowner’s costs if you have made any purchases or upgrades such as trampoline or an aboveground pool.
Of course, the purchases seem like good additions and make your home more relaxing and livable; however, they often lead to higher homeowner’s insurance cost. This is perhaps the reason why professionals emphasize on considering your insurance policy before adding these fun elements to your home.
If you’re interested in learning more about how home improvements may increase your homeowner’s insurance costs, keep on reading.
Is My House Protected from Hail?
Living in areas that frequently experience hurricanes, tornadoes, and storms increases the odds of property damage. While standard insurance policy offers coverage for hail, you need “windstorm insurance” if your area is prone to frequent hail storms.
Let’s delve into the details to learn more about hail protection.