Your home is your most valuable asset. It’s where you keep your prized possessions and share all of your best memories. There are dozens of different natural disasters that could harm your home and all of your belongings inside of it. Having quality homeowner’s insurance and additional coverage can ensure that you have the protection that you need.
It’s important to understand exactly what your homeowner’s insurance policy covers in case Mother Nature strikes your home. One of the most commons perils that people face is wind or hail damage. Will your homeowner’s insurance policy cover the expenses for the cleanup and the repairs?
A large portion of the United States has a risk of suffering from severe weather like tornadoes and hurricanes. Every part of the U.S. could fall victim to one of these natural disasters, but some areas are more likely than others. Regardless of the part of the country that you live in, you should understand what kind of coverage that you’re getting and determine if there are any holes in your protection.
At Longevity Brokers, we understand the importance of homeowner’s insurance and the protection that it provides, but we also know that finding the perfect policy can be a long and frustrating process. We are here to help you get the best coverage to fit your needs without breaking your bank. Wind and hail damage can cause serious damage to your home and your belongings, and not have a homeowner’s insurance policy that will pay for those expenses can leave you with thousands and thousands of dollars of debts. Don’t wait until it’s too late to get the coverage that you and your family need.
For those of you that don’t think that you need any wind or hail damage, these perils accounted for 46% of all homeowner’s insurance claims between 2007 and 2011. These are easily the two most common damages that homeowners experience all across the United States, and they could cause thousands and thousands of dollars of damage.
Homeowner’s Insurance and Wind and Hail Damage
Every company’s homeowner’s insurance policies have slightly different coverages and riders that you can add to your plan, but they all cover basic perils. Every homeowner’s plan is going to cover damage that is caused by wind or hail damage. Usually, there is damage on the roof or at the windows of a home, which can be very expensive depending on how extensive the damage is. Your policy will also pay for any rain or snow that gets inside of your house because of the wind or hail damage.
There are two kinds of policies, one of them has a flat-rate deductible, usually around $1,000 that you will have to pay before the insurance company pays for any of the repairs on your home. The other kind of policy requires that you pay a small percentage of the total cost of the repairs. For example, let’s say that your total repair costs end up being around $300,000, you would be required to pay $3,000 to the insurance company before the coverage kicks in. In most cases, it’s always better to choose a policy with a flat deductible instead of one that pays a portion.
Getting Affordable Homeowner’s Insurance
Homeowner’s insurance is one of the most important insurance products that you will buy to protect yourself and your savings account. You never know what’s going to happen to your home. You can’t predict the weather or what’s going to happen in the future, it’s vital that you have the protection that you need. While homeowner’s insurance policies tend to be cheaper than most applicants think, there are several ways that you can lower your insurance premiums and get the most affordable policy.
The first is to review your policy and ensure that you aren’t paying for more coverage than you need. Maybe you have additional riders or a larger policy than you need. Cut down your coverage (don’t decrease it too much), and you will save money every month on your premiums.
Another way that you can save money is to raise your deductible on the policy. The more money that you have to pay in deductibles, the less that you’ll pay every month. Because the chances of you have to file a claim and pay the deductible are slim, you’ll save more money by paying less in premiums.
Another way to save money is by having all of your insurance policies with one company. Every insurance company will offer incentives to have all of your plans with their company, and you can receive a bundling discount for having your homeowner’s insurance policy with the same company where you have your life insurance plan and your car insurance.
We know that you want to give your home the best protection that you can find, but we also know that finding the perfect policy can be a frustrating process. Our agents are dedicated to making the process as quick and simple as possible and ensure that you’ve got the perfect plan to fit your needs.
At Longevity Brokers, we are pleased to provide an array of different insurance products to the Denver, CO. area. It’s our mission to give our clients the best insurance protection available and help them make informed decisions about their insurance needs.
If you have any questions about getting homeowner’s insurance or about the protection that you need, please contact one of our agents today. We would be happy to answer any questions that you have about your insurance needs. You can call us at (720) 209-4598, or you can use our contact form, and an agent will contact you as soon as possible.