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
Protecting Your Holiday Cheer – How Homeowners Insurance Covers Stolen Gifts
The holiday season brings an abundance of joy and warmth, often wrapped in beautifully adorned gifts exchanged among loved ones. Yet, amid the celebrations, there exists a sobering reality: the potential for theft, which can dampen the festive spirit. However, amidst these worries, homeowners insurance stands as a beacon of reassurance, offering a safeguard against the heartache of stolen holiday gifts. In this exploration, we delve into the protective cocoon that homeowners insurance provides, understanding its coverage nuances, navigating claim processes, and uncovering the proactive steps to fortify against the unexpected loss of these cherished presents. Stolen Gift Coverage Explained [...]
Has the Drought Caused Foundation Damage to Your Home?
Welcome to a critical discussion on a concern that affects homeowners in regions grappling with extended periods of drought. This is a question that often goes unanswered until the telltale signs of structural problems become apparent. Prolonged dry spells can wreak havoc on the stability of your home's foundation, leading to costly repairs and potential safety hazards. We will delve into the insidious impact of drought on residential foundations, helping you recognize the subtle yet crucial indicators of damage. We'll also provide guidance on preventive measures to safeguard your property and outline solutions for addressing any existing issues. As climate [...]
When Disaster Strikes Homeowners Insurance Can Save the Day
Homeownership is a dream realized for many, a sanctuary where memories are made, and lives unfold. However, the joy of owning a home also comes with a solemn duty – protecting that cherished space from the unpredictable turns of fate. This is where homeowners insurance steps in, poised to be the unwavering guardian of your haven when disaster strikes. In the following exploration, we will delve into the world of homeowners insurance, uncovering the vital role it plays in the lives of those who call a house a home. From the unforeseen forces of nature to the unexpected events of [...]
Why Home and Auto Insurance Rates Are Continuing to Rise in 2023
Thanks to an unusual convergence of market trends, ushered in by the pandemic and followed by other disruptive events, you may see a bigger change to the cost of your home and auto insurance than usual when it comes time to renew your policies this year. Insurance rates are based on what an insurer thinks it will cost to make you whole in the event of a loss – whether it’s roof damage during a windstorm or a vehicle totaled during a traffic accident. As you’ve likely noticed, pretty much everything costs more than it did even a few years [...]
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 [...]