Buying a home is a huge investment. If you’re going to be spending hundreds of thousands of dollars on a house, you’re going to need to have it insured. Just like with a car or our health, insurance works so you are covered when something goes wrong. Should your home be damaged or someone injured on your property, having homeowners insurance will protect you from serious financial consequences. In fact, homeowners insurance from a company like National Risk Experts in Palm Beach Gardens, FL is really hazard insurance and liability insurance all rolled into one.
Hazard insurance is pretty much exactly what it sounds like; you’re protected if your house is damaged for a number of reasons. What you’re covered for depends on your specific coverage plan, but usually coverage includes damage from fire, flood and storms, as well as theft or vandalism. Many hazard insurance policies include a deductible for larger damages. So the homeowner would have to come up with a small percentage of the damage cost and the insurance company would take care of the rest.
Liability insurance protects you against when people have accidents on your property. If someone slipped and hurt themselves on your pool deck, for example, your liability insurance would cover medical expenses and protect you against lawsuits.
Having homeowners insurance doesn’t mean everything is covered. Many plans are tailored towards specific risks. A homeowner in Oklahoma would want insurance that covered tornado damage, but not flood damage because the flood risk is very, very low. The biggest thing to remember when looking for good homeowners insurance is that you need to work with a company you can trust. National Risk Experts in Palm Beach Gardens, FL has years of experience providing reliable insurance coverage to the people of Florida. Along with insurance, National Risk Experts also specializes in asset protection, retirement planning and human resources services.
Here’s what Christina P. had to say about coverage from National Risk Experts!
“The entire staff at National Risk Experts is friendly and knowledgeable! Greg Buck is always willing to answer your questions and help in any way possible. Thanks for the help on my auto and homeowner’s insurance.” –Christina P.