To answer this question,
think of a homeowners insurance policy without coverage for the building.
To answer this question,
think of a homeowners insurance policy without coverage for the building.
Not exact matches
But along the way, people who have paid for
homeowners insurance for decades simply cancel the
policy when they close the sale
of their home, without giving any
thought to how they'll be protected going forward.
Think of umbrella
insurance as a secondary
policy, with your
homeowners, renters or auto as your primary
policy.
All
of us have heard the term «
policy limits» when buying auto
insurance or
homeowners insurance, but most likely never gave it much
thought.
Many people
think their
homeowners or auto
insurance policy provides the coverage they need in the event
of an accident or injury, but this is usually not the case.
«Most people, when they buy a
homeowners policy, they assume they are fully covered against a relevant risk,» says David Marlett, chair
of the department
of finance, banking and
insurance at Appalachian State University in Boone, N.C. «If the bank didn't require them to get flood
insurance, then they might
think they probably didn't need it.»
Many people
think that if their property is lost or damaged during a move that they are automatically covered by their
homeowners insurance policy or, in the cases
of corporate relocation, by the company that is handling the move.
By John D. Doak, Oklahoma
Insurance Commissioner When choosing a homeowners» insurance policy, most consumers probably think about the cost to replace their house and not the value of all the item
Insurance Commissioner When choosing a
homeowners»
insurance policy, most consumers probably think about the cost to replace their house and not the value of all the item
insurance policy, most consumers probably
think about the cost to replace their house and not the value
of all the items inside.
Flood
insurance is one
of those things that people routinely
think they're covered for under their
homeowners policy.
Many people
think that only those who own a home have earned the level
of protection that a
homeowners insurance policy can provide.
«Most people
think when they call an
insurance agent and ask for homeowners insurance that all policies are the same,» says Michelle O'Connor, owner of O'Connor Insurance Associates Inc. «They
insurance agent and ask for
homeowners insurance that all policies are the same,» says Michelle O'Connor, owner of O'Connor Insurance Associates Inc. «They
insurance that all
policies are the same,» says Michelle O'Connor, owner
of O'Connor
Insurance Associates Inc. «They
Insurance Associates Inc. «They are not.
Floods: Too often,
homeowners think their regular
insurance policy will cover them in the event
of a flood.
Many Redlands renters
think that their contents are protected from damage or repair as part
of the landlord's
homeowner insurance policy.
More like a traditional
insurance policy,
homeowners insurance can be
thought of like hazard
insurance.
But along the way, people who have paid for
homeowners insurance for decades simply cancel the
policy when they close the sale
of their home, without giving any
thought to how they'll be protected going forward.
You might
think of this
policy as
homeowners insurance for landlords.
Home warranties are often serviced by different entities than
insurance providers, so
homeowners may be out the cost
of two
policies; however, many
think that being safe rather than sorry is worth the cost.