Homeowner Insurance
Homeowner insurance is a policy that provides you with monetary protection in case of an eventuality involving your home. The standard insurance policy protects your house and valuables in the event of a disaster or accident such as a fire.
Besides offering financial protection to your belongings, homeowners insurance covers you from any legal liability. For example, if an accident in your property injures your family members or other people, the insurer will assume the legal responsibility.
At GEC insurance services, we offer different homeowner insurance policies at affordable prices. As a homeowner, you should know that a standard homeowner’s insurance doesn’t cover all types of disasters. Some disasters are excluded from the general insurance cover. For example, earthquake and flood insurance are separate policies, which you can seek depending on where you reside.
Additionally, it is essential to know that disasters and accidents that arise due to poor home maintenance are your responsibility. However, some insurance policies can protect you from appliance wear and tear.
Here are the reasons why we recommend homeowner insurance to every property owner.
Compensation from Falling Debris Damage
If a foreign object crushed into your roof for any strange reason and caused significant damage, we will issue a check to compensate for the damage to your house. The debris can also come from a tall building that is under construction. In short, we will pay for all damages to your home caused by falling objects.
Compensation for Fire Accident
Homeowner insurance covers all damages and injuries resulting from a fire outbreak in your home. In most cases, a fire starts in the kitchen and spreads out to other rooms. Your insurance policy will cater for all damages in the entire house arising from the fire.
In some instances where the authority requires you to install water sprinklers to help put out fires, homeowner insurance may cater to the sprinklers’ cost and the damages caused by the fire.
Compensation for Power Outage Damages
Power outages are common in all corners of this nation. Surprisingly, some homeowner insurance policies can cover even the slightest damages, such as the cost to restock your fridge if power outrage caused your food to go bad. In fact, we can reimburse you up to $500 for food that went bad due to a power outage.
Protection from Theft
Coming home from work to find that someone broke into your home and stole your precious valuables can break you down. Fortunately, if you secure a homeowner insurance policy with us, we will help you recover from such unsettling situations. Our policy covers the cost of damages to your home as a result of theft and the cost of stolen possessions as well.
Protection Against Lawsuits
If someone is hurt while on your property, they could decide to sue. The most effective way to prepare for such eventualities is acquiring an insurance cover. In case you are sued for such an incident, we will pay medical bills and attorney fees. This will save you a lot of headaches and money.
Mortgage Requirement
If you are looking to acquire a home through a mortgage plan, your lender will require you to get home insurance in case of a hazard. In a mortgage plan, your property is lenders’ collateral, so they must reduce the risks of losing their investment.
Getting a homeowner insurance cover will replace panic with relief. Despite eliminating all hazards, you can’t be certain that accidents will not happen in your home. So, to save money and a lot of stress, acquire homeowner insurance.
Homeowners Insurance Articles
Steps to Follow If Your Home Has Storm Damage
Storms can be unpredictable and often cause severe damage to homes and properties. If your home has been damaged during a storm, it is important to take immediate action to ensure your safety and begin the process of repairing the damage. From assessing the damage and contacting your insurance company to securing your property and keeping track of expenses, there are several steps you can take to minimize the impact of storm damage on your home and your life. In this article, we will outline the key steps you should follow if your home is damaged during a storm, as [...]
Checklist of Things to Ask Insurance If Home Experienced Frozen Pipe Damage
Frozen pipe damage is a serious issue. It can cause extensive property damage and cost homeowners thousands of dollars in repairs. If a home's pipes have frozen, it is important to assess the damage and determine what insurance covers—knowing what questions to ask the insurance company can help get the coverage needed. When facing frozen pipe damage, one of the first things to do is contact the insurance provider as soon as possible. It's important to document any damage, take photos of the affected area, and keep track of repair costs. It is also important to ask the insurance company [...]
The Impact Inflation Has on Property Insurance
A major inflation event can lead to an increase in property insurance. We might not notice the changes at first, but a little research will reveal everything. Inflation has been creeping up in the last few years, and with it came increased property insurance rates. We all know that inflation has been a slow and gradual increase in the price of products and services over the past few years. And within the United States, there are three types of inflation: general inflation, which is rising prices across the board; real estate inflation, which is increasing property prices; and monetary inflation, [...]
How to Check if Your Homeowner Insurance Covers Flood Insurance
If you live in a flood-prone area, you may wonder what your homeowner's insurance policy covers. After all, flooding can cause significant damage to your home and property. If you are not sure whether your current policy will help pay for repairs in the event of a flood, here are some steps that can help: Contact Your Insurance Company You will want to contact your insurance company to ask if they cover flood damage. If they do not, you may have to buy additional coverage. You can also check the National Flood Insurance Program website to see if they offer [...]
Follow These Steps to Protect Your Home’s Foundation This Summer
How one would protect their home's foundation from hot and dry summer in Texas We live in Texas, and like many people in the southern states, we deal with heat and drought. Especially during the summer. While sometimes it might seem like you can do nothing to protect your home’s foundation from this problem, there are some things that one can do to try and cool down the surrounding earth. Ways one would protect their home's foundation from hot and dry summer in Texas. Add a waterproofing material to the soil around your home. Waterproofing materials are excellent at protecting [...]
Tips to Prepare Your Home for Spring Flooding
Every year, the winter months bring with them a host of problems. The snow and ice create icy roads, slick sidewalks, and a messy daily commute. It's easy to stay inside during the frigid days and evenings when it isn't necessary to clear sidewalks or shovel every afternoon, but then when spring comes around, all that work will have been for nothing. Just as the winter months can create many problems, so can spring bring with it a multitude of problems if you're not prepared ahead of time. Here are some tips to prepare your home for spring flooding: 1. [...]