12:55 AM
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First would be coverage for the structure of the home, which takes care of the home in case it needs rebuilding [such as if a fire were to burn down the house], covering the disasters listed within the policy. Generally there will not be coverage for flood, earthquake routine wear and tear, as there are other separate plans to cover those. Of course, it is important to plan accordingly, if you feel that there a chance of hail, or fire damage, then make sure to put forth enough money to rebuild in case of such an event.
A second function of standard homeowner insurance is the coverage of belongings within the home. This also includes protection against stolen items, such as jewelry, which should be appraised and insured for its proper value if it is expensive.
Liability coverage works to pay court fees and advances for defending the homeowners family [or pets] against damage done to anothers property or body. Generally a plan will cover up to $100,000, yet with so many cases now exceeding that, if one can afford it, it is a good idea to insure liability higher, as a number exceeding that barrier can completely cripple a family. The fourth clause will cover expenses for homeowners when they are out of the home, due to a covered disaster. Basic needs are covered [restaurant bills, hotel rooms, living expenses], and depending on the policy can range from 15% to unlimited, for a period of time which the house is not inhabitable.
While there are many Homeowner Insurance policies in the market, the key for Insurance Agents is finding quality prospects so they can continuously reach out for new business.
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