Home Insurance Policies: What Does It Cover?

The amount covered by your homeowner’s insurance, is dependent on the type of home insurance cover that you have purchased. All basic hazard covers usually cover not only the house, but also furniture and fittings to a certain extent. Homeowner’s insurance, also covers personal affects like jewelry and art etc, up to a certain level. It may also cover outdoor extras like your pool or personal shed etc. However, if you have an additional shed which you use for business; it will not be covered by home insurance policies.

If you have expensive jewelry and art, you may want to consider getting additional coverage. Hazard cover of your homeowner’s insurance also covers certain kinds of personal liability. For instance if a deliveryman were to trip on your property or get bitten by your dog etc, you would be covered, up to a certain amount.

Doing A Home Inventory For Home Insurance Policies

In the event of an unfortunate event like theft or a fire etc, it pays to have an itemized inventory of your house. This will make it easier when you need to deal with the home insurance company or the police department. You can either get an inventory form from the homeowner’s insurance office or you can get other related forms from the Insurance Information Institute. It is advisable to keep a photographic record of al items in your house that have a value of $50 or more. Experts also feel that it may sense if you keep one list away from your home, for instance at the office or in a safe deposit box at the bank. In the event you are away for a while, it may be a good idea to leave one list with a relative or friend in the even something untowardly happens.

Finding The Right Homeowner’s Insurance Policy

Getting home insurance is complicated and you must make sure that you get the cover that suits your needs. Shop around before settling on any policy. Make sure that in addition to your standard cover your add-ons are covering all that you require. It is important to keep in mind that it is becoming commonplace for insurance companies to charge homeowners higher or lower premiums based on their credit scores. Before getting your homeowner’s insurance cover talk to your agent to make sure that your premiums are not extremely high and are affordable and cover you for the value of your home.

These are some things that homeowners should keep in mind when getting homeowner’s insurance.

Before setting your sights on the beautiful carpets or fitted units make sure that they are included in the price or that you can buy them separately. Use this Inventory checklist and tick off what is include or what you can buy from the owner. Get the seller to sign this before you decide whether or not you want to buy it.

General

Door bell

Outside

Kitchen

Bathroom

Bedroom, living room and dining room

Curtains/Blinds and fittings

Bedrooms
Living room
Dining room
Carpets
Bedrooms
Living room
Dining room

Heaters

Bedrooms
Living room
Dining room

Lamp shades/bulbs

Bedrooms
Living room
Dining room

Wall fittings (shelves/mirrors etc.)

Bedrooms
Living room
Dining room
Gas/electric fires
Bedrooms
Living room
Dining room

Furniture:

Description ————————————————————

Bedrooms
Living room
Dining room
Other

Specify —————————————————————————————-

Additional notes ————————————————————————

I hereby certify that the items checked and noted on this agreement are included in the sale
price of the property.

Singed _______________________________

House seller

Date:    ——-/——/———