Covers that your home insurance policy must offer
When taking a Home Insurance you must understand the insurance covers offered by the policy. Some insurance covers offered by your home insurance policy should include:
a) The home insurance policy must offer dwelling insurance coverage. This type of home insurance policy will cover your rebuilding cost when your property is damaged. Most home insurance companies take into account the square footage to calculate insurance premium. Some home insurance companies also offer guaranteed replacement cost which covers the rebuilding cost even if it exceeds the insured amount.
b) The home insurance policy should also offer insurance cover for the contents of your home.
c) Your home insurance policy must also provide insurance cover against injury caused due to your property. The insurance policy must pay for the legal expenses and medical expenses of the person injured.
d) Your home insurance policy should also provide insurance cover for common areas such as gardens and pools.
The home insurance policy you take should provide insurance cover against risk like fire, explosion, smoke or any other calamity. Therefore read your home insurance policy documents carefully and check for exclusions in the insurance policy.
You can approach a home insurance broker or home insurance agent who can guide you in getting the right insurance policy for your home.
published:
01/12/2009 15:53:13
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