Homeowners Insurance

Homeowners Insurance

Not insuring your invaluable investment such as your private property; your home, can result into an utter fiasco if some misfortune were to happen to your house! It is one grave misjudgment one could ever assess, while paying no heed to the consequences that would follow. Experts highly advise to insure one’s property, disregarding the particulars such as the property value etc.

At Express Auto Insurance, we provide you extensive coverage’s for your home! Whether it needs to be repaired or rebuilt in the aftermath of a storm, or an act of vandalism, your homeowners’ policy has got you covered! A premium policy would cover property damage, personal belongings, and liability protection.

What does a Standard policy cover?
A typical homeowners’ insurance policy would cover you against liabilities such as bodily harm or property damages per your coverage limit. It would also cover repair costs, or loss-of- use coverage; ALE (Additional Living Expenses), and protection for your valuables or personal belongings.

Structure of the property
It covers damages cause by climatic changes or natural disasters like thunderstorms, wind, hail, or accidental damages like fire, theft and vandalism. It will cover all your repair expenses, or even in some cases rebuilding costs but one would have to add up an appropriate amount of coverage to get that done. However, it will not cover flood and earthquake, or wear and tear damages. One would have to separately buy relevant coverage in order to prevent such losses.

Physical structures like gazebos, garages, pools, tool sheds that are not directly attached to the property are also covered through premium policies. Out of the protection you have for the structure of your home, 10% of coverage is separately allotted for such structures.

Personal Possessions Are Covered!
Personal possessions such as your furniture, clothes, and appliances are covered under this coverage. Even off-premises valuables such as expensive jewelry, furs, and silverware or precious artefacts are covered for a certain limit which is usually up to 10% of this total coverage limit. You can attain full coverage up to the valuables’ appraised value by getting extra protection. It is advisable to maintain and create a home inventory in order to have a much better coverage as per your needs.

Liability Coverage
The liability protection featured in this plan protects you against lawsuits in which you are held liable for property damage or bodily injury. For instance if your pets ruin your neighbors’ rug, don’t worry you will be covered through this protection. It also includes no-fault medical expenses, where the afflicted is given the liberty to approach your Insurance guys to claim his/her medical expenses. 10% of coverage

ALE
Additional Living Expenses are also covered through a standard insurance policy. Hotel bills, or restaurant meal expenses are reimbursed in the events of evacuating your house in the aftermath of a disaster, or an accidental mishap; like your house catching fire.

Umbrella Policy
In America’s litigious culture, there are often inclinations of getting sued for something or the other any passing day! There are times when a standard insurance policy (be it an auto policy or a homeowners) may not cover your expenses thoroughly; it may just be completely utilized into paying your attorney fee or judgment fees. This is where an Umbrella Policy is entertained! It is that extra layer of protection for your massive investments. It is applicable once your existing policy is exhausted in a homeowners, or renters, or an auto policy. To issue out the Umbrella policy there is a certain amount of limit required that you must be covered up to through your underlying policy. An average of $1 million additional coverage is provided through an Umbrella policy!