Homeowners Insurance Policy Definitions
Pics. Your home is likely your most valuable asset, and a homeowners insurance policy is an important part of protecting your home and your belongings. It is an insurance policy that combines various personal insurance protections.
More than 25 years assisting homeowner and property owners how can we help you with your homeowners or business owners insurance and/or construction claim? Home insurance definitions apply to massachusetts and may vary in your state. Homeowners insurance should not be confused with flood insurance, mortgage insurance or mortgage protection life insurance.
To protect assets, such as the building structure and the items inside, as well as to protect themselves from personal legal liability or responsibility for injuries to other people or their possessions while they are.
Fema estimates that the average cost of these policies is earthquakes are excluded under homeowners and renters insurance policies. When shopping for insurance, it's important to understand what the policy covers, what might be excluded and any coverage limitations that may apply. Basic form homeowners insurance doesn't include personal liability for those injured on your property, and your belongings aren't automatically covered. Every homeowners insurance policy has a liability limit, which determines the amount of coverage the insured has should an unfortunate incident occur.