Home Insurance Guide For New Homeowners

Building a home is one of the most significant milestones a person can achieve in his or her lifetime. A house is an expensive asset. There are unexpected incidents that may happen inside or outside the house, such as fire, earthquake, or any form of damage.
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These factors make it a good idea for new homeowners to have their homes insured. Home insurance will protect the new house and the finances of the owners.

About Home Insurance Policy
Home insurance offers financial protection in fatal cases that involve the house. It serves as a safeguard that will help the owners pay for repairs and replacements of their homes. In general, home insurances are given as “package policies,” which means that it is not only property damage included but also the liability of homeowners. 

Why Do You Need a Home Insurance Policy for Your New Home
One of the many reasons new homeowners should get home insurance, aside from its long-term investment, is because the policy does so much more than just protecting the house. Buying a standard home insurance policy covers the house, but it also extends to the personal belongings and medical bills of those who might get injured on the property. 

What is Covered When You Buy Home Insurance Policy
Home insurance covers almost all content in a house, even personal belongings like clothes, jewelry, anything essential that is movable. Dependents, if there are any in a household, are also included in the policy.

Here are some coverages a standard policy offers:

• Dwelling and Other Structures coverage: gardens, garages, backyards, sheds, or any structures, like fences and part of the house property are also protected. 
• Personal Property coverage: the home insurance policy can replace furniture, electronics, whether it was stolen or destroyed.
• Personal Liability coverage: liability is covered if a household member accidentally damaged another property or has caused injury to someone.
• Medical Protection for Guests: if a visitor is accidentally injured within the house premises, medical bills are covered.
• Additional Living Expenses coverage: temporary living costs for residing away from the home because of fire or any incident will be shouldered by the insurance policy.

Conclusion
New homeowners should get a home insurance policy, even if it is just a rented condominium or a small apartment, to have financial security. Natural disasters are an inevitable source of accidents involving houses, so it is better to be prepared for the worse.

At Desmond Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote.