Home insurance is one of the most important insurance policies that are connected to your life. While buying your own dream home,Guest Posting the first thought that comes to your mind is to protect it against any sort of danger. Thus, buying a home insurance policy is a vital decision, whether you have a house or an apartment. While taking a policy you should really know what home insurance usually cover. Your individual requirements are your first priority and getting the right policy can provide 美国留学生保险 you with all the coverage that serves your needs.
Home insurance is there to protect your home against damages suffered from different perils. All home insurance policies are exactly not the same and therefore, it’s important to know what coverage you need to determine which home policy you need.
Here’s a guide to the different sorts of home insurance policies and their coverage.
What home insurance usually cover
A standard home insurance policy is usually divided into two parts which are farther segregated into other headings:
* Part I: Home Insurance Property Protection
This can be divided into the following headings:
1. Coverage A – Dwelling.
2. Coverage B – Other structures on your property.
3. Coverage C – Personal property or contents.
4. Coverage D – Loss of use.
* Part II: Home Insurance Liability Protection
This can be divided into the following headings:
5. Coverage E – Personal liability protection.
6. Coverage F – Medical payments.
These are the standard coverage that has been defined by ISO. Thus, these are not going to vary much, but according to the type of your home, it may be specifically covered by a particular type of policy. So, let’s take a look to the various types of home insurance policies.
Types of home insurance policies:
HO – 1:
This is a basic homeowners, or limited coverage policy. It covers your house and possessions from smoke, vandalism, theft and volcanic eruption, lightning and fire, windstorm, hail, explosion, any civil commotion or riot, etc.
* Note: this policy is obsolete in most states now.
HO – 2:
This is a broad homeowners policy. It covers you house from vehicle caused damage, smoke, vandalism, theft, falling objects, ice, snow or sleet, lightning and fire, windstorm, hail, explosion, any civil commotion or riot, accidental tearing apart, cracking, bulging or burning of steam/hot water system, air conditioner or a fire protective system.