10 Frequently Asked Questions About Homeowner's Insurance Policy

10 Frequently Asked Questions About Homeowner's Insurance Policy
By Oliver Turner

One has to own the property that he or she wishes to insure. However you

can add your name to your parents' insurance policy as an additional insured agent can come to you directly or it can be mailed to you.

Can a house be insured if it is still under construction?

In this case one should seek for a standard homeowners policy, construction fact should be informed to home insurance company.

What is home warranty insurance?

It is not an insurance; however some companies are trying to sell them.It covers repair cost for home appliances.

Where can one get earthquake insurance if he or she stays near California?

Options depend upon where one stays. The California Earthquake will sell coverage to those whose house does not have pre-existing earthquake damage.

Why do I need flood insurance?

If you stay in a federal state and have a home loan and most importantly if it a flood hazard area then federal law states will get you flood insurance.

Will there be a price hike if homeowner files an insurance claim?

Though one claim would not be affected but two would.

Is my personal computer and printer covered by homeowners insurance?

Some policies cover them. Limits on computers range from$2500 to $5000

When worth is more one can ask the agent about extra coverage.

How can one pay lower rates for homeowner insurance?

If a home is disaster resistant like having smoke detector, burglar alarms the owner will get discount.

What will happen if the home loan company has not received a copy of my homeowner's insurance policy?

Contact the company or agent so that the lender receives the paperwork.

When should one call agent to find more coverage is necessary?

Any change in room like adding another room or buying jewelry or artwork.

Find more about Home Insurance from Experts on http://www.LeanderNet.com/Homeinsurance/Homeownersinsurance.php .

Article Source: http://EzineArticles.com/?expert=OliverTurner
http://EzineArticles.com/?10-Frequently-Asked-Questions-About-Homeowners-Insurance-Policy&id=610905