A Beginner’s Guide: Common FAQs about Home Insurance

​Are you planning to purchase your own home? You have probably heard about having home insurance along your way. However, there may be a bit of confusion lingering in your mind, even though it is must-have protection for every homeowner. Here are the answers to the frequently asked questions to help you understand its policies and coverages.

What is Home Insurance?
Homeowners insurance or property and casualty insurance is a financial aid that would cover losses caused by physical damages to the insured individual's house and property equipment. This includes catastrophic events such as fire, theft, or accidents within your home, depending on your coverage.

What are the Types of it?
There are different coverages and policies you could form, and it would be best to select the one that suits your home the most. Your provider could also offer you bundles and packages for less expensive costs.

• Basic home insurance would cover your home and personal belongings' loss against specific causes of damages.
• Broad and comprehensive policies are upgraded basic coverages. It has replacement costs and additional unexpected catastrophic events. These are mostly recommended for security with the highest levels of protection.
• Personal liability involves body injuries in case your visitors or guests experience damages within your property.

Is There Any Limit?
It is technically based on your policies and the percentage of your property's coverage boundaries. Most arrangements take over about 20%-50% of an insured's personal belongings, so it is suggested to take more coverage if you have more expensive assets.

Is it Possible to Reduce My Insurance Costs Without Sacrificing Coverages?
Yes. There are several ways to save money on your insurance coverage. Here are some takeaway tips.

• Do not claim a policy you would not be needing. Be sure to evaluate your contract before signing, so there would not be money going to be wasted.
• You could always prefer higher deductibles for lower and inexpensive premiums.
• Apply for discounts and negotiate with your policyholder. There are a lot of offers and services they would provide you.

These attributes would help you claim policies that would best fit your property's state. Whatever lifestyle you have, be sure to seek the best policyholders that would provide all of your needs while reassuring your contract's validity. What are you waiting for? File a claim to secure your home.

At Desmond Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (859) 491-5100. You can also request a free quote by CLICKING HERE.