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Home insurance in the USA includes those houses whose owner regularly inhabits them. There are other policies for different cases where the landlord has them for rent, for tenants and mobile homes, in addition to condominiums where the form of contracting may vary somewhat due to other insurances that usually exist additionally.
What do home insurance cover?
Home insurance in the USA has several coverage to cover different risks. Some of the most important and that are focused on the most impact damage are:
- Specific protection of the value of the home against various damages, such as falling trees, airplanes and other objects, collision, fire, explosion, damage due to theft and various weather phenomena. Some risks are not included directly and it is necessary to hire endorsements specifically, as in the case of earthquakes and various windstorms. Protects the main house, fences, garages and sheds, still separated from the main structure.
- Personal property. Under this covered risk, personal property of the family is protected. These cover contents in the home such as furniture, appliances, clothing, footwear, etc. The risks covered include those included for housing and theft. Jewelry, electronic devices and other concepts are covered only in what is considered common in a house room. There are additional endorsements for Valuables and Electronic Equipment. Many companies cover belongings that are in the car or that are in moving, storage or even being in hotels.
- Civil liability Economically protects the family against damage that could be caused to neighboring properties. It also covers for injuries to visitors or people in the surroundings, as a result of any damage to the house or the act of pets or accidents of any family member with such persons, without the participation of a motor vehicle. The protection of injuries caused by accidents generally covers worldwide.
- Medical payments Pay the necessary medical bills in case someone suffers an incident in your home as a visitor. It does not require a civil liability claim.
- Loss of use or living expenses. It covers the expenses that have to be incurred in case the house must be repaired as a result of damage due to the risks covered. These expenses cover temporary housing, food and others.
- Some other covered risks that can be protected are replacement cost, inflation endorsements, increased money limits, damage due to drainage failures, identity theft, etc.
Are there damages not covered in home insurance in the USA?
It is true, there are phenomena that are a fact that will occur and that are not covered by any insurer. For these cases there are government programs. A clear example of this is flood insurance, which must be insured with the NFIP (National Flood Insurance Program), which is administered through the FEMA (Federal Emergency Management Agency).
What to do in case of an accident?
The damage must first be reported to the insurer, providing the details of the insurance policy. The company will send a specialist to assess the damages and define what should be paid in each case. For this it is convenient to have a copy of the policy in a place other than housing.
Are insurers reliable in the USA?
Yes, all insurers intend to fulfill a service to society in addition to earning income. The causes of controversies are usually human errors of an insurer’s workers, unclear policies or greater restrictions on some. For this reason it is convenient to compare the differences between different insurers and choose the one that is clearer, with less requirements and quick procedures for payment.
In case of controversies there is the NAIC and the courts of each state to serve as arbitrators. In addition, you could also go to Consumer Defense.
How to compare home insurance in the USA?
Cotizator will be useful for this purpose, as it makes it easier for you to compare with the best insurers. This will allow you to make a reliable decision and faster.
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