Know Your Home Insurance Policy
What do you know about your home insurance policy? Individuals in California need to have a comprehensive understanding of what their policy covers and does not cover. They should also know the details of how to file a claim and who their home owners insurance agent is. The more you know about your home insurance policy the better off you will be when you need to utilize its benefits.
Know The Policy Coverage
It is very important to know what the home insurance policy actually covers. This is defined in the declaration's page. If you are just obtaining a home insurance quote, read the provided amount of coverage and determine if any aspects seem to be missing or incomplete. For example, the home insurance should provide protection from the common problems in your area. This may include hurricane insurance, flooding insurance of earthquake insurance if you live in a high prone area.
Know the amounts of coverage you have. Ensure that enough insurance is available should your home, and everything within it, be lost in a fire or storm. You should also know what the deductible on your home insurance policy is. The higher the deductible is, the less costly the policy will be. On the other hand, this means that more money must come out of your pocket before the claim will be paid on by the company.
You should also know the details of how to file a claim with the company, including who to call, what details are required, and when to expect a professional to help you. You should know where your home insurance agent is located and how to reach them, even in off hours if it is necessary to do so.
The more you know about your home insurance policy the better off you will be if there is a reason to use the policy.