Meyerson-Roth Co Inc.
  • Home
  • Quotes
    • Auto Quotes >
      • Auto Quote
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • Roadside Assistance Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Quote
      • Business Owners Package (BOP) Insurance Quote
      • Event Insurance Quote
      • Insurance Bonds Quote
      • Workers Compensation Quote
    • Property Quotes >
      • Condo Quote
      • Earthquake Insurance Quote
      • Flood Quote
      • Homeowner Quote
      • Landlords Insurance Quote
      • Renters Quote
    • Other Quotes >
      • Boatowner Quote
      • Umbrella Quote
      • Travel Quote
      • Wedding Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Taxes
    • Free Consultation
  • Products
    • Motor Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Event Insurance
      • Insurance Bonds
      • Workers Compensation
    • Property >
      • Condo Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Home Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Boat Insurance
      • Umbrella Insurance
      • Travel Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • Accessibility Statement
  • Blog
  • Contact

4 Important Things You Need To Know About Home Insurance

7/4/2020

0 Comments

 
Picture
​There is no place like home and it’s where you and your family feel the safest. Other than the emotional security it brings, it is a symbol of your hard work, and investment as well. Hence, isn’t it wise to secure your home with insurance? Home insurance is a type of property insurance that protects it from losses and damages. Additionally, it secures the assets inside one’s home too. Moreover, home insurance also has liability coverage versus accidents in the property.

Here are the things  you need to know about home insurance: 
Home Insurance Availability and Choices 
When planning to get a mortgage for your home, the bank requires a copy of the insurance policy. This a prerequisite by the bank's needs before issuing a mortgage. The owner has the option to acquire it from any insurance company, and if not, from the lending bank itself. With a wide range of choices, homeowners can now choose the policy which they think is best for their needs. For this reason, it is more advisable to acquire home insurance outside of the lending bank.

Home Insurance Coverage
Generally, insurance policies cover four major incidents. These are :
  • Interior damage
  • Exterior damage
  • Personal properties/assets inside the home
  • Damage  or Injury while inside the home

Should any of the above happens, the insured is qualified for claims. However, there are certain fees which the insurance company charges upon claiming. The percentage of these fees varies, depending on the insurance policies acquired by the homeowner. It is also important to know that the higher the deductible on an insurance contract, the lower the premium it has. 

Home Insurance Exclusion
Natural disasters like earthquakes or floods are normally not covered by a typical policy. Including these cases on the policy is an additive which would mean a higher premium.  Yet, damage due to hurricanes and/or tornadoes may be part of any regular insurance policy. 

Difference Between Home Insurance and Home Warranty 
Home insurance should not be mistaken as the same with a home warranty. The latter only covers certain home installations and is limited to a short period of 1 year at the most. Whereas home insurance excludes property age-based damages, a home warranty may include it in its typical coverage period. 

At Meyerson-Roth Co Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (516) 432-5800 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (516) 432-5800
    30-B W Park Ave
    ​PO Box 178

    Long Beach, NY 11561
    Click Here to Email Us

    Archives

    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    November 2018

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner's Package Insurance (BOP)
    Disability Insurance
    FAQs
    Financial
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Safety

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login
Covid-19/Coronavirus update page​

Social Media

Facebook
​Google
Twitter
LinkedIn
YouTube
Review Us

Contact Us

Meyerson-Roth Co Inc.
30-B W Park Ave PO Box 178
Long Beach, NY 11561
(516) 432-5800

Click Here to Email Us
DCAP Insurance | The Tax Zone

Location

Website by InsuranceSplash