Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the items inside. Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance.
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the items inside. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.
Why do you need homeowners insurance? It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That's important because chances are your home is likely one of your largest investments.
It is important to know that homeowners insurance is meant to cover unexpected damage, not routine maintenance. Ask your Kimiko-Zoellner AAA agent to discuss what’s covered and be sure to read your policy so you know exactly what's included and what is not.
Here are few things to discuss that will influence your decisions: