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Home insurance is a type of property insurance covering losses and damages to an individual’s house and assets in the home. This policy extends cover to the exterior and interior damage, loss or damage of personal assets, and injuries that arise while on your property. Home insurance caters to financial protection against loss due to accidents, vandalism, theft, and hazards such as lightning strikes, windstorms, and hails.
It’s imperative to know that homeowners insurance does not typically cover all-natural disasters like floods and earthquakes. You are supposed to purchase separate insurance cover in Burlington, NC to protect your home and belongings against these types of perils.
Most lenders require you to show proof of home insurance before allowing you to take a mortgage on a house. It is paramount to buy home insurance to cover your home and personal property against the covered perils. Visit us today at Don Allred Insurance Burlington, NC, and obtain spectacular homeowners’ insurance that meets your needs and budget.
Types of insurance coverage.
Dwelling coverage: This policy covers the cost of rebuilding and repairing your home if it is destroyed by perils stated in your policy document. Dwelling policy extends cover to your home floors, plumbing, roofing, foundation, cabinetry, and water heaters.
Other structure coverage: Other than providing protection, it pays to rebuild or repair structures separately detached from your home like a garage, shed, fence, or guest house.
Personal property coverage: This home insurance policy covers your personal belongings, whether inside or outside your dwelling. In case your personal belongings are stolen at your home or hotel room, this loss is covered.
Additional living expenses/loss of use: This policy provision covers temporarily other expenses like hotel bills when a disaster strikes and your house becomes uninhabitable.
Personal liability coverage: This type of homeowner’s insurance coverage pays for medical bills, lost wages, and legal fees for causing injuries to people arising from your responsibility. This compensation can also cater to dog bites or a guest when he/she slips and falls, injuring himself on your property.
Medical payment coverage: This policy provides coverage for the cost associated with emergency medical bills if someone is injured on your property regardless of who is liable for the accident.
Are you a resident of Burlington, NC and want to obtain home insurance to protect your home and personal property? Call us or visit our Don Allred Insurance offices for more information!