Expert Advice, Tailored Solutions
Home insurance is also popularly called homeowner’s insurance.
Your home is probably one of your biggest and most important investments, therefore, choosing the best home insurance is crucial. Like anyone else, you will want the best price for your insurance — but you also want the right mix of coverage from an insurance company that can afford to pay you your claim when the need arises.
Home insurance provides coverage for your home/property in the event of damages due to natural calamity/Acts of God, theft, vandalism, or any other unforeseen event. Homeowner’s insurance policies mostly cover any damage to a residence’s interior/exterior, the loss or theft of possessions, and personal liability for harm/damage to others.
There are three primary levels of coverage for Home Insurance: actual cash value, replacement cost, and extended replacement cost/value.
Actual cash value covers the cost of the house along with the value of all your belongings after depreciation (i.e., the current worth of the items)
Replacement cost covers the actual cash value of your house and your possessions without the depreciation deduction, here you would be able to fix or rebuild your home up to its original value.
Guaranteed (or extended) replacement cost/value cover is the most comprehensive one, this even covers inflation, it is an inflation-buffer policy that pays for whatever the costs of repair or rebuilding your home are—even if it goes beyond your policy limit. Insurers offer an extended replacement, meaning it offers more coverage than you purchased, but with a ceiling; typically, 20% to 25% higher than the limit.
Looking for Home Insurance?
Contact EZ Online Service to help obtain a home insurance quote from some of the best insurance companies in your area. You can discuss with them the best coverage options for you, unlock offers and discounts.
Let EZ Online Services help you choose a policy that will fit your needs. Protecting all your assets, whether business, personal or both, is our primary goal. An insurance policy chosen by an expert can lessen the impact of some of life’s most common, yet unforeseen accidents.
