Protecting Your Home Through Homeowner Insurance

Homeownership is the most common aspiration of Americans, especially those in the working class. They usually set aside a portion of their income for their dream house. People always associate homeownership with a sense of security and peace of mind to people.
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A house is an investment, not a mere piece of property. To obtain it, you paid tons of mortgages for years. It kept your family safe from the weather and storms. It would be best if you protect your home through homeowner insurance.

Home Owner Insurance is Affordable
Contrary to popular belief, the price of homeowner policy is reasonable. In 2019, the average premium for insuring a house stood at $1,211 per year or $100 per month. One of the factors affecting your insurance premium is the coverage amount. The higher the coverage amount, the higher the premium.

If your coverage amount is from $100,000 to $200,000, you will be paying an insurance premium of $936 annually or about $78.00 per month. On the other hand, if your coverage amount is $500,000 and above, your insurance policy's annual cost is $2,149 or about $179.00 monthly. So, getting your home insured is not that pricey, after all.

But remember that homeowner insurance rates might vary from one state to another. You can talk to insurance professionals in your area to get the best rate possible for your home.

Coverage of Your Insurance Policy
In most cases, homeowner insurance offers protection for your dwelling place and other structures associated with it. It usually covers damages sustained from windstorms, fires, hail, and even lightning strikes.

If your house sustained damages like the roof, walls, or even the house's foundation, your insurance policy could cover the cost of rebuilding it. It can also cover other structures that are attached to your house like a deck or a garage.

Besides the structure of your home, your policy can cover other structures within your property but detached from your house, like your fence, pool, garage, or mailbox.

Likewise, you can get a reimbursement if your furniture, kitchenware, or other personal belongings got damaged or stolen. It can also cover the medical payment if a non-resident got injured while in your property.

If you are residing in a disaster-prone area, you might consider getting coverage for floods or earthquakes.

Conclusion
Your home provides a roof for your family, so it is time to protect your home. By getting homeowner insurance, you are not only safeguarding your property but your family as well.

At UG Insurance Brokerage Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (718) 848-7777. You can also request a free quote by CLICKING HERE.