How do I get homeowners insurance? How do I go about doing that? What do I need to provide to the agent and how do they get a quote and set up coverage for me?
Call an agent. We don’t recommend trying to get insurance online or through an 800 number. With homeowner’s insurance that system has not been perfected yet. Using an agent who is going to act in your best interest is going to be your best bet.
Today’s video is jewelry coverage. Jewelry coverage is covered underneath your homeowner’s policy, renter’s, or condo policy, but there’s very limited coverage for jewelry under those policies.
Typically a homeowner’s policy will cover $1,000 or maybe $2,500 per item, and usually there’s a maximum of $5,000 total coverage. That’s very common under a homeowner’s, condo, or renter’s policy.
Personal liability – What is it and what does it do for me? Well, personal liability insurance most likely is attached to your home, condo, or renter’s policy if you carry personal liability.
It covers you on and off premises at your home. It will protect you in case a lawsuit or a claim is brought against you where you are responsible for the injuries to other people. And that is what your liability is really set up to do. It is to protect you in case you get sued, in case somebody else gets injured and brings a claim or a suit against you.
One of the calls we get frequently is, “I’m buying a new house or a condominium and my mortgage guy said I have to have homeowner’s insurance or hazard insurance. Can you help me with that?” Well let me explain what homeowner’s insurance does. When you purchase a new home or a condominium or an existing home, you want to make sure you have homeowner’s insurance. This is going to protect you in case the home is damaged due to an instance, say, of wind damage, tornado, or fire, or something along those lines. So we want to protect the structure itself.