Homeowners Insurance


Homeowners insurance is generally required when purchasing a home to close escrow and
based on your coverage it could cover a loss for actual cash value or replacement cost value
(what it cost to build structure or replace damage based on current market value).
● Homeowners insurance policies generally cover destruction and damage to a residence’s interior
and exterior, the loss or theft of possessions, and personal liability for harm to others.
● Three basic levels of coverage exist: actual cash value, replacement cost, and extended
replacement cost/value.
● Policy rates are largely determined by the insurer’s risk that you’ll file a claim; they assess this
risk based on past claim history associated with the home, the neighborhood, and the home’s
condition.
● In shopping for a policy, get quotes from at least five companies, and definitely check with any
insurer you already work with—current clients often get better deals.

 

Get A Home Insurance Quote