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PERSONAL INSURANCE:
HOMEOWNER’S INSURANCE F.A.Q.
What's the best way to inventory my belongings?
Will home insurance help me if someone gets hurt on my property?
Do I have to have home insurance?
I don't own. I rent. Can I still get coverage?
What is not covered by homeowner's insurance?
What's the best
way to inventory my belongings?
Keep detailed records of electronics, sporting goods, power tools and
major appliances. Keep receipts, serial numbers, appraisals and the name
and addresses of appraisers with these descriptions.
• Don’t forget to inventory what’s in your closets,
attic and basement.
• Videotape or photograph your inventory.
• Take a photograph with your closet door open to indicate the quantity
of your clothes.
• Keep your inventory up-to-date.
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Will homeowner's insurance help me
if, for instance, someone gets hurt on my property?
Yes. Homeowner's insurance covers your liabilities if a guest falls and
requires medical care and if you're deemed negligent. The amount of liability
coverage is determined by the options you choose.
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Do I have to have homeowner's insurance?
Some mortgage lenders require it. But even if you own your home outright,
you still need homeowner's insurance to protect that which you can’t
afford to lose.
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I don't own. I rent. Can I still get
coverage?
Yes. Even if you are renting a room from an insured homeowner, you are
not covered under his/her homeowner's policy. Renters can purchase their
own insurance to protect their investments.
Ask J.L. Hubbard about renter's insurance today.
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What is not covered by standard homeowner's insurance?
There is a wide variety of damages, conditions, and costs that are not
covered by homeowner's insurance. For example:
• Your claim exceeds your maximum stated coverage amount.
• You have flood damage.
• You have losses related to business activities in your home and
you do not carry incidental business insurance.
• Your claim is covered by other insurance.
• Someone else who is intentionally insured under your policy caused
your claim.
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