- Home
- Mobile Home
- Condominium
- Renters
- When should I think about adding coverage?
- Why do I need homeowners insurance?
- Am I covered against losses due to fire, lightning, tornadoes, wind storms, hail, explosions,
smoke, vandalism and theft?
- Does Homeowners insurance provide protection against floods?
- A pipe bursts and water flows all over my floors. Am I covered?
- A neighbor slips on my sidewalk and threatens to take me to court for damages. Does
my homeowners policy protect me?
- During a storm, a tree falls and damages my roof. Am I covered?
- Is my jewelry covered by my homeowners policy?
When should I think about adding coverage?
Generally, you should contact your agent about reviewing your coverage whenever you change something significant about your home or its contents, for example:
--When you put on an addition to your home
--When you start a business from your home
--When you make a major purchase, such as jewelry, a computer, a boat or other recreational vehicles
Why do I need homeowners insurance?
For most of us, our home is the single biggest asset we will invest in. Homeowners insurance provides coverage for your personal belongings, coverage for damages to the structure of your property, and liability coverage which pays for bodily injuries and property damage to other people if you are liable.
Am I covered against losses due to fire, lightning, tornadoes, wind storms, hail, explosions, smoke, vandalism and theft?
Yes. Typically, your homeowners insurance covers a large number of perils, including all those listed. There are some limits, however, on the amount of insurance you have so you should always consult with your local Handzel & Associates Ltd. agent.
Does Homeowners insurance provide protection against floods?
No. Flood insurance is only available from the National Flood Insurance program but can be purchased from your Handzel & Associates Ltd. Agent.
A pipe bursts and water flows all over my floors. Am I covered?
Yes. Typically, homeowners insurance covers you for accidental discharge of water from a plumbing system. Check your plumbing and heating systems once a year. While you are covered for this type of damage, who needs the mess and hassle?
A neighbor slips on my sidewalk and threatens to take me to court for damages. Does my homeowners policy protect me?
Yes. Homeowners insurance will pay for damages, if the accident is the result of your negligence. It will also pay for the legal costs of defending you against a claim. Also, the medical payments part of your homeowners policy will cover medical expenses arising from an injury to a neighbor or guest. Your local Handzel & Associates Ltd. agent can periodically review your policy limits to help ensure you have adequate coverage.
During a storm, a tree falls and damages my roof. Am I covered?
Yes. Your homeowners policy covers the damage to your roof. You are also covered for the removal of the tree, up to a $500 limit.
Is my jewelry covered by my homeowners policy?
On a homeowners policy, there is limited, standard coverage available for your jewelry. In most cases, you will need to purchase a Personal Articles Floater, which extends protection for your jewelry when its value is higher than the limits stated in your homeowners policy. Your local Handzel & Associates Ltd. Agent can help determine if you need to purchase Floater coverage.
