Insurance policies can be confusing for homeowners. What is covered? What isn’t? To understand more about homeowners’ insurance, speak with an agent from Muller Insurance in Hoboken, New Jersey. An independent insurance agency serving New Jersey, New York, Pennsylvania, Connecticut, and many other states, Muller Insurance works with over two dozen insurance companies and can find coverage you can afford for your home.
Here, we discuss what homeowners need to know about homeowners’ insurance.
What Is Homeowners’ Insurance?
If you own a home, you want to make sure it is insured from disasters. Owning a home is one of the largest investments a person can make, and you want to make sure your investment is protected.
Home insurance protects your home and the belongings in it from perils and hazards. A standard homeowner’s insurance policy covers:
- The home’s structure
- Personal belongings
- Liability coverage
This means that as long as the damage or theft is covered by one of the perils or hazards outlined in the insurance policy, your home is protected from the costs of structural damage. It is also protected from liability, including medical payments, if someone is injured on your property and decides to go through with a lawsuit.
Every homeowner’s insurance policy is different, so speak with an agent at Muller Insurance and read the fine print to learn what your specific homeowner’s insurance policy covers.
What Does Homeowners’ Insurance Cover?
Each home insurance policy is different, but most insurance policies will cover the following hazards and perils:
- Damage caused by the weight of ice, snow, and sleet
- Damage from aircraft or vehicles
- Explosions
- Falling objects
- Fire and smoke
- Hail, lighting, and windstorms
- Riots
- Sudden damage from a power surge
- Sudden tearing, cracking, or bulging of hot water, steam, air conditioning, or fire protective systems
- Theft and vandalism
- Volcanic eruptions
- Water overflow, discharge, and/or freezing from household systems like plumbing, air conditioning, and appliances
If any of these incidents happen and you have homeowners’ insurance, you’re in luck. Your insurance company will be responsible for fixing the damage and/or replacing any possessions that are damaged in the incident.
Additional Insurance Coverage
Not everything is covered by a standard homeowners’ insurance policy. The good news is that there are additional insurance policies available. Some of the other policies Muller Insurance offers are:
Do any of these extra insurance policies sound like the coverage you need? Get in touch with a Muller Insurance agent who can explain what extra policies are available and what additional coverage is important for you. Our independent insurance agency works with more than 25 insurance companies, and we’ll find you the exact coverage you need, at a price you can afford.
What Is Not Covered by a Homeowners’ Insurance Policy?
While a homeowners’ insurance policy will cover many things, some items aren’t covered by an insurance policy. Two of the most common things that aren’t covered by a standard homeowners’ insurance policy are earthquakes and floods. Other perils and hazards that most insurance policies won’t cover include:
- Drain and sewer backups
- Flooding from external sources, like storm surges or heavy rainfall
- Fungus or mold outbreaks
- Government action, including war
- Infestations by animals, like rodents and insects
- Landslides and sinkholes
- Nuclear hazards
- Power failure
- Wear and tear or neglect of your home or property
Not all home insurance policies are the same, so make sure you read through your entire policy to understand your coverage. If you aren’t sure if something is covered, reach out to your Muller Insurance agent who will be happy to assess your current coverage.
Find the Right Homeowners’ Insurance at Muller Insurance
Muller Insurance is an independent insurance agency, which means that we don’t just work with one insurance company to provide coverage. We work with more than two dozen insurance companies, and that allows us to find the coverage you need for your home and belongings at a price that won’t break the bank.
Companies Muller Insurance works with for homeowners’ insurance policies include:
- The Andover Companies (Bay State, Cambridge Mutual, Merrimack)
- Chubb Insurance (Federal, Great Northern, Vigilant)
- Cumberland Insurance
- Farmers
- Fidelity National
- FMI (Franklin Mutual)
- Foremost
- Lemonade
- Narragansett Bay Insurance
- National General
- N&D (Norfolk and Dedham) (Fitchburg)
- Philadelphia Contributionship
- Plymouth Rock Insurance
- Progressive
- Stillwater
- Travelers Insurance
Do you have multiple insurance policies? Some insurance companies will create policy bundles to offer discounts for purchasing two or more types of policies from the same company. Have you ever considered bundling your home and auto insurance to save on your premiums? Ask a Muller Insurance agent about bundling options.
Protect your dream home. Muller Insurance is licensed in over 25 states and offers multiple types of insurance policies. Contact us today for more information or to get a quote.
