UG Insurance Brokerage Inc Blog
A home is an investment, a structure that provides security, comfort, and peace of mind to its inhabitants. It has been one of the American dreams to obtain homeownership despite the huge mortgages and other expenses associated with it. The working class would allot a part of their income to finance it.
The home being one of the vital property investments, it is crucial to protect the house from damage and disasters while protecting you and your family from harm. This article emphasizes the importance of homeowner insurance to home security.
Manageable Homeowner Insurance Costs
Homeowner policy premium is affordable, contrary to common belief. A 2019 data states that house insurance's average cost is at a fixed amount of $1,211 per annum/$100 per month. The amount of premium varies per state, and according to the coverage amount, the greater the policy coverage, the higher the insurance premium.
For individuals with insurance coverage from $100,000 to $200,000, the insurance premium falls under $936 per annum/$78 per month. Contrastingly, if you have a total of $500,000 and up insurance coverage, your premium remains $2,149/year or $179 per monthly. Getting homeowner insurance is, therefore, budget-friendly. You can acquire sensible and affordable payments depending on the agreed policy coverage between you and the insurance agency.
Homeowner Insurance Policy Coverage
Homeowner insurance is property insurance that covers losses, accidents, theft, and damages to one's house, structural attachments, and other associated properties. It provides liability coverage and covers legal and medical expenses against these losses.
Damage to house structure from windstorms, typhoons, fires, hail, lightning strikes, and other calamity forms is also under homeowner insurance coverage. It can also cover damage to structures adjacent to house property like a fence, pool, garage, or even mailbox.
In cases of theft and damage done to your furnishings, appliances, and other personal properties, homeowner insurance can take care of the losses. This insurance even encompasses injuries encountered by people inside your property.
Hence, it is highly encouraged to obtain and continue this insurance, especially for calamity-stricken areas, as a means of personal and property protection.
A home is an important individual and family investment. Protect your family while securing your dream home through homeowner insurance.
At UG Insurance Brokerage, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (718) 848-7777. Get your free quote today by CLICKING HERE.