Cincinnati Home Insurance Agent

Article by Chad
























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For home owners, purchasing home insurance is essential. First off, lenders require home insurance. Second, protecting your home gives you peace of mind knowing that your biggest investment is protected.

You should understand all points of a home insurance plan. When considering what type of home insurance to buy, it is important to consider the following types of home insurance coverage:- Personal Property: This type of insurance covers items within the home. Coverage depends on the limits of your coverage. It is essential to know the details of your personal coverage. For instance, are you insured for the original price of an item or the current price?

– Casualty: This type of insurance covers natural disasters fro such events as fire, hail, and wind. It is important to review the policy to make sure you are covered. If you live in a flood risk area, you will have to purchase flood insurance.

– Liability: This protects you from lawsuits resulting from injuries to guests. The cost for this liability coverage is usually based on the limits of your coverage.

– Additional Coverage: You may want to purchase extra coverage if you have very expensive items. There are other types of coverage for such situations as loss assessment, collapse, some repairs, damage to trees as the result of wind or ice, some building additions, loss of food due to power outage, and much more. It is important to inquire about the availability of additional coverage.

– Exclusions: Home insurance policies always have a list of exclusions that includes war, neglect, earth movement, intentional loss such as arson and more. It is important to be aware of what your insurance does not cover.

Steps to help you save money on home insurance include:

1. Deductibles: A deductible is the amount you have to pay toward a loss before your insurance company will pay. Check to see whether it would benefit to have either a high or low deductible.

2. Age of Home: Many insurers will lower costs if the house is brand new.

3. Home Security: Find out if there is a discount if you install safety equipment such as smoke alarms, fire extinguishers, burglar alarms, dead bolt lock, etc.

4. Review Your Policy Annually: Because most home insurance policies are renewed each year, you should take the time each year to compare your policy limits to the value of your possessions. You want to make sure that your policy covers any major purchases. You also want your policy to reflect any changes such as renovations, having a baby, or getting married.

A home insurance policy protects both the homeowner and lender’s investestment. Without home insurance, you are at great risk of losing everything as the result of events such as fire, burglary, if someone suffers a serious injury while in your home, and many other sudden disasters. By securing home insurance, you and your family will be able to relax and enjoy making memories in your home.

Chad Joiner’s Farmers Insurance is your Cincinnati Home Insurance Agent.

Chad Joinerhttp://www.CincinnatiChad.com

About the Author

Chad Joiner’s Farmers Insurance servicing Cincinnati area families and individual insurance needs. Helping you understand how insurance as a personal wealth/risk management tool












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