HOME AND AUTO INSURANCE
HOME AND AUTO INSURANCE
What Is Homeowners Insurance?
Homeowners insurance shelters your humble abode from destruction, damage of interior and exterior, and loss of possession by theft or fire. Insurance like this isn’t a luxury but a necessity.
Homeowners insurance policies typically come in a package. The coverage generally includes damage to your home as well as liability coverage, that is, any damage caused by you, your family, and household pets to others. Homeowners policies are customizable; however, there are three basic coverages included:
- Actual cash value
- Replacement cost
- Extended replacement cost
The rate of a home insurance policy depends on factors like the area you live in, the history associated with your property, your neighbors, and your home’s condition. This type of insurance will compensate you for renovating your home from damage due to fire, lightning, theft, and vandalism. However, damage from earthquakes, floods, or poor home maintenance is not covered, and you likely need to get separate policies for these types of risks.
What Is Auto Insurance?
Basic auto insurance is mandatory in most states. it offers you financial protection in case of accidents or damage. But is that enough? There’s more to auto insurance than just security for an accident. Auto insurance is a contract between an insurance company and you, for which you pay regular premiums, and in return, the company provides you with the following coverage:
- Damage to your car or theft
- Medical and funeral expenses in case of an accident
- Liability is your legal responsibility to others for accident or damage
The three main components of an auto insurance policy are liability coverage, collision coverage, and comprehensive coverage.
You can choose to add optional coverage for roadside assistance or rental reimbursement.
You Can Customize it
You can customize auto insurance as per your needs and budget. Auto insurance provides you coverage only for personal use and not for commercial services like delivering food or company products. The policy is usually for 6 months to 1 year and needs to be renewed regularly. One of the best things about auto insurance is that most policies will cover drivers you have listed on the policy — or anybody whom you give permission to drive your vehicle. So, your insurance will likely cover another driver in an accident, as long as they received your permission to use your car.
Bundling Home And Auto Insurance
This simply means that you buy your homeowners and auto insurance policies from the same company. The bottom line is, this can save you money! It also ensures the easy handling of records and bills as all your insurance conveniently comes from the same place. You can save 10% to 20%, depending on the insurance provider.
Get Your Home And Auto Insurance Today!
Whether this is your first time shopping for home and auto insurance or you want to find a better deal, Quotes Mate can help. Fill out our form to get started. One of our experienced licensed Insurance agents will contact you shortly!
