The Important Of Having A Homeowner Insurance

Homeowner insurance is needed all the time. As a homeowner, we need to protect unpredictable thing concerning our home. If not, we may lose everything without any help from the other. 

Most of people assume that having a home is the greatest goal in life. They may work hard for long time to realize it. It may be build step by step, buy a home directly from the trust developer, or buy with credit system.

Whatever they do, they will spend a lot of money. And the process to get this is not easy as imagine. Therefore, they should protect and keep it safely with any way.

Realize that sacrificing is not easy, we should keep it. We should protect our dream home as good as possible. And there is no way except using the home insurance.

By using it, we can avoid the risk of loss that can come every time. Because we cannot predict when the disaster come. Once more, we need to take care of home from the beginning.

The Benefit Of Insurance Home

An insurance home is one of the insurance that gives the protection of the loss from anything. They are natural disaster, theft, fire etc.

We don’t know what will come to our home. So, we should prepare from the beginning. By preparing, it means that we are protecting our own prestige.

Talking about homeowner insurance, there are some benefits that we can get. What are they? Let we see below!

- Protecting all the thing inside the home

- Saver from the natural disaster

- Keep the value of home

- Avoid the lawsuits

- Kept from the fire

- Save from the theft, etc

Kind Of Home Insurance

Talking about home protection, we may need the best protection of our home. This is done to minimize the risk that will come. Based on the service, the home insurance is divided as follows.

1. Property All Risk

Property all risk is used to protect non industry building. They are offices, hospital, school, home, etc.

While industry building, it uses the industry all risk. The building that protected are factory, warehouse, supermarket, or store.

For the protection, the provider of service will guarantee of loss that rises from anything. They are from natural disaster, unrest, act of crime, etc. The point is we can have the protection from all risk.

2. Standard Insurance

Standard insurance have a small coverage. It depends of the service that wrote from the form when we register in the home insurance.

We should pay attention to the service that offered in this insurance. It is better if we read the service given. So, we don’t get the misunderstanding. If we have the difficulty in understanding about it, it’s better when we ask.

3. Modified Coverage Form

This is used for older home. It is used by homeowner that realize if rebuilding a home cost is greater than the market value.

4. Dwelling Fire Form

It is like a standard insurance. The protection is specified. It doesn’t cover the personal property, but cover the vocation homes.

Something that we should know, the protection of insurance is different in other country. We should be wise when buying it. It is better when we see the term form, and look after protection that we really need in our dwelling.

How Home Insurance Work?

Before we buy the insurance, we need to know how it works, right? Knowing the work, we will spared of the disappointed/regret.

Actually, the work of insurance is simpler. We only need to buy it as the value of home. But, the nominal we pay is calculated with certain estimation.

For example, we want to build a home with 400 dollar for 1 meter. And the large of home is 100, we should spend money at least 40.000 dollars.

Beside it, we can include the asset inside home in insurance. For example we have assets that have value market at least 1000 dollar, so the insurance that borne by the provider is 50.000 dollars.

After calculating, it will be calculated based on the mill value of home. With that, the insurance will show the cost that may be spent by homeowner insurance every year.

How To Get The Best Insurance

Today, so many company insurance that offer the protection of home. We have so many options. But we should consider it carefully because of the important of home insurance that we buy. In order to get the best insurance, we have some tips for you.

1. Choose the best insurance provider

2. Buy the right insurance police

3. See the coverage that insurance provider offers

4. Do right now 

How To Pay the Insurance Home?

Basically, we have two options to do that. It is optional, but it is really important to balance our finance.

Firstly, we can pay the insurance with paying every month. It means, the amount of insurance cost in a year is divided into 12 month. For example, we are demanded to pay 120 dollar per year, we can pay every month at least 10 dollars.

Secondly, we can pay every year directly based on the premium. Based on the example above, we should pay 120 dollar every year. We can choose what we want. But think of the cheaper cost is very good. It refers to the budget that we have every month.

The conclusion, the insurance home is very important to protect our dwelling. Even it is for our building, till something inside the home like sofa, brick, TV, etc. So, have you bought the homeowner insurance today?