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
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. [...]
Be Prepared for Spring Storms with These Simple Steps
Spring is a time to get out and enjoy the weather. However, if you are living in an apartment or condominium, do not forget about the safety of your building. If you live in a building with a pool, keep that in mind as well! In case of a spring storm, it will be important to have storm-proofing in place. The following are some simple steps to help protect you, your property and those around you from these storms: 1) Be Aware – What are the signs? Weather can change quickly when there's heavy snowfall or rain. When the moisture-laden [...]
How You Can Protect Things Outside of Homeowners Insurance
Have you ever had a home insurance policy but never thing about protecting your stuff outside of your house? Well, this is a common problem. You may not even know it, but your home is also your property. And as soon as something happens to your home, your belongings are at risk. Therefore, it is so important to have homeowners’ insurance. If something happens to your home and you do not have insurance, the potential damage could amount to a lot of money. So, whether it is an accidental fire or something more serious, having homeowners’ insurance will keep you [...]
What Does Flood Insurance Cover?
The first thing you need to know is what does flood insurance cover? Floods are the most common disaster in America and can cause lots of damage. Flood Insurance protects your home from water damage from “rising waters”. It also can include coverage for other property that may be damaged by floods, like property inside your home and/or garage. If you're not sure if you should buy it, I'll help answer some of the questions about why flooding happens and how much it costs to get covered! Flood insurance covers your house and property inside it. Flood insurance covers the [...]
5 Things to Ask When Buying Homeowners Insurance
I am like most people when they buy their house. Owning a home forced me to think about homeowners’ insurance. I had plenty of questions about this insurance coverage. Getting satisfactory answers was important to me. I may have even more questions when I renew an existing homeowner’s insurance policy. An experienced agent has always been able to handle my questions. I've determined there are at least five questions you need to ask before purchasing a homeowners insurance policy. 1. What Is Liability Protection? I've learned that to have the correct amount of liability protection for your home, you will [...]
Why Homeowners Should Also Consider Umbrella Insurance
Whenever I am looking to get insurance for my home and vehicle, I will usually just get both a homeowners insurance policy and a car insurance policy. However, there is an alternative that I can get when seeking more insurance coverage. Umbrella insurance is one of the best options that I can take advantage of whenever I am looking for an insurance policy that will give me even more coverage than what I am currently getting. By getting an umbrella policy, I will have an insurance policy that will protect me from personal liability and ensure that I avoid costly [...]