Highway Safety Statistics; This link provides you with up to date information on safety issues as well as information about vehicle safety ratings, research statistics, laws and regulations, news releases and current news reports. more info...
Auto Recalls; At this link you’ll find information from the National Highway Traffic Safety Administration’s available Database Files. Each search engine displays a brief description of what it does. more info...
Statewide Insurance requirements; At this link you will find lemon laws, drivers license, registration, title information and insurance requirements. more info...
Insurance Company Ratings: This link provides the consumer with insurance information as well as access to current auto news, events, auto ratings and analysis, news research as well as products and services. more info...
Insurance Information; Links to information about Auto Insurance as well as Life, Home Business, Travel, Health, Disability and Long Term Care Insurance. more info...
Standard & Poors; This site provides the consumer with access to information about the financial strength ratings of insurance companies, plus detailed financial Insurer Profiles on nearly 4,000 companies. more info...
Insurance News Network; Links to a key provider of insurance industry information, with a goal of keeping insurance professionals current on critical, need-to-know industry news. Helping industry professionals to make better, faster and more informed decisions. more info...
Home Insurance
Search
InsPolicy.com provides home insurance quotes in all states throughout the U.S. Getting an insurance quote is FAST and FREE! Recieve multiple quotes from the carriers you select. In addition, you can even be reminded of important dates, such as your policy renewals. In addition to free home insurance quotes, search our site for informative insurance information.
What is a standard homeowners policy?
Safeguards and Deterrents
A standard homeowners insurance policy is comprised of four essential types of coverage:
Covers the structure of your home.
Covers your personal belongings.
Liability protection.
Provides for living expenses if you are temporarily unable to live in your home because of a fire or other insured disaster.
1. The structure of your house
This is the part of your policy that pays to repair or rebuild your home if it's damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in your policy. It does not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, it is important to buy enough to rebuild your home.
Standard policies usually cover detached structures such as a garage, tool shed or gazebo. These structures are usually covered for about 10% of the amount of insurance you have on the structure of your home.
A policy for those who own a condo or co-op, it provides coverage for your belongings and the structural parts of the building that you own. It protects you against all 16 disasters.
2. Your personal belongings
Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or another insured disaster. Most companies provide coverage for 50% to 70% of the amount of insurance you have on the structure of your home.
This part of your policy also includes off-premises coverage, your belongings are covered anywhere in the world. Some companies limit the amount to 10% of the amount of insurance you have for your possessions. You also have up to $500 of coverage for unauthorized use of your credit cards.
This type of policy pays to replace your home or possessions minus a deduction for depreciation.
Expensive items like jewelry, furs and silverware are covered, but there are dollar limits if they are stolen. Generally, these items are covered for between $1,000 to $2,000 for all of your jewelry and furs. If you need more coverage you will need to purchase a special personal property endorsement or floater and to insure the item for the appraised value.
Landscaping such as, trees, plants and shrubs are also covered under standard homeowners insurance. Generally you are covered for 5% of the insurance on the house with a cap of about $500 per item. Perils covered are theft, fire, lightning, explosion, vandalism, riot and even falling aircraft. They are not covered for damage by wind or disease.
3. Liability protection
Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also covers you for damage caused by your pets. The liability portion of your policy also pays for the cost of defending you in court in addition to any court awards, up to the limit of your policy. This also covers you anywhere in the world. Liability limits generally start at about $100,000. However most experts recommend that you purchase at least $300,000 worth of protection. Your policy also provides no-fault medical coverage. In the event a visitor is injured in your home, simply submit medical bills to your insurance company. This way, expenses are paid without a liability claim being filed against you. You can generally get $1,000 to $5,000 worth of this coverage. It does not, however, pay the medical bills for your family or your pet.
4. Additional living expenses
This pays the additional costs of living away from home if you can't live there due to damage from a fire, storm or other insured disaster. It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company. Many policies provide coverage for about 20% of the insurance on your house. For an additional premium you can increase this coverage. Some companies sell a policy that provides an unlimited amount of loss-of-use coverage, but for a limited amount of time.
Also, if you rent out part of your house, this coverage also reimburses you for the rent that you would have collected from your tenant if your home had not been destroyed.
