Why You Should Have Homeowners Insurance?

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Woods Insurance Agency Homeowners Insurance
Quotes Why You Should Have Homeowners
Insurance? Home ownership is one of the largest
investments you will make, so protecting this
investment with quality homeowners insurance is a
crucial part of being a responsible homeowner.
However, while many Americans understand the
importance of homeowners insurance, some dont
understand the specifics of what it covers if a
burglary, natural disaster or other property
damage occurs.
Here are few things your Homeowners insurance
policy should cover if an unexpected or
unforeseen loss were to happen. Sudden and
Accidental Flooding This coverage is for the
overflow of water from systems or appliances
within your home, including plumbing, heating or
air conditioning units, an automatic fire
sprinkler system or certain household appliances.
For example, if your hot water heater suddenly
springs a leak and floods the recreation room in
your basement, the water damage to your
furnishings and carpeting or flooring would be
covered. There may be certain exceptions
depending on the cause of the flooding, so
be sure to discuss the details of this
peril with your
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Woods Insurance Agency Homeowners Insurance
Quotes insurance agent ahead of time. Your
Homeowners policy would typically not cover
flooding resulting from a naturally occurring
event outside your home, such as an overflowing
river, mudslide or storm surge near the coast.
You must purchase separate flood insurance to
cover events like these. Fire Cooking is the
leading cause of home fires, but heating
equipment, electrical cords and wiring, and
candles can also be culprits. Wildfires are
another potential danger for U.S. residents
living in dry climates, and as the temperatures
heat up you should be prepared for this very real
danger. Homeowners insurance covers your
property if its damaged in a fire, but you
should always be sure to never leave stoves or
candles unattended while lit. Theft Be sure to
keep all windows and doors locked, even if
theyre on a second floor you dont want to
make it easy for thieves to access your
belongings. A home security system is also a
good deterrent and may qualify you for a
Homeowners insurance discount. It may even cover
property that is stolen from you while youre
traveling anywhere in the world. Check in with
your agent on an annual basis to ensure you
maintain enough coverage to protect against
possible losses to your ever-changing home
inventory. Objects Falling From the Sky Imagine
youre home alone, binge-watching your favorite
show on Netflix when, suddenly, you hear a loud
crash in the next room. When you go to examine
the cause of the ruckus, you discover remains of
a defunct satellite have landed in your kitchen.
The likelihood of this, a meteorite or other
space debris hitting your home isnt very high,
but your insurance covers it if it happens.
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Woods Insurance Agency Homeowners Insurance
Quotes Vandalism Acts of vandalism often
happen under cover of night. For example, a group
of unruly teenagers looking to create some
Halloween mischief throws eggs and pumpkins at
your home, breaking a window in the process. Or
you wake up to find your garage door covered in
spray paint. These types of situations are
covered under the vandalism peril in your
Homeowners insurance policy. If your home is
vandalized, be sure to file a police report to
aid with the claims process. Installing
surveillance cameras and floodlights are also
good ways to deter it from happening in the
first place. You should also make sure your
Homeowners policy covers additional living
expenses. If your home becomes uninhabitable due
to damage from a covered loss, your homeowners
insurance may pay back you for the expenses you
incur while youre living elsewhere. This
coverage helps you maintain your normal standard
of living while your home is being rebuilt or
repaired, and includes hotel accommodations,
meals and more. Be sure to keep all of your
receipts for your adjuster.