Everything You need To Know About Motorcycle Insurance

by Administrator 31. August 2018 11:39

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What To Do After A Total Loss Auto Accident

by Administrator 28. August 2018 11:35

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Insurance FAQs For First Time Home Buyers

by Administrator 17. August 2018 05:41

First time home insurance buyers have so many questions pertaining to the best policy for their needs. Being armed with the right information is the first step towards making the right decision in this regard. Following are some frequently asked questions about insurance that can be helpful for those buying a house for the first time:

  • What Is Homeowners Insurance? Homeowners insurance is a policy which protects a homeowner from losses to their house and the possessions in it from unexpected damage or any other type of loss.
  • When To Buy A Policy? You can buy an insurance policy for your home even after purchasing the house. In case you have taken a loan on your house, the mortgage company may require your home to be insured before granting the loan.
  • What Will The Insurance Policy Cover? Home insurance policies generally cover losses that result from damage to the property, property loss, living expenses and personal liabilities. The damage can be partial or total. Losses caused by natural disasters like fires, windstorms, lightning, hail or man-made factors like burglary, theft, riots, vandalism, etc. are covered. Medical payments coverage is required for medical treatment of the owner or anyone else visiting the property at the time of a calamity/accident. Living expenses refer to the costs of an alternate accommodation due to a disaster. You can add a rider policy to your home insurance for added coverage on items of high value.
  • Which Factors Will Determine The Amount To Be Paid? To determine the amount to be paid, home insurance providers consider factors like credit score, claims history of the individual and the area of residence, location, age of home, rebuilding costs, pets, distance from a fire department or hydrant and the selected coverages.
  • Can I Save Some Money On Insurance? Yes. Ask your insurance provider whether there are any discounts being offered. Some insurance providers offer discounts to those who own homes with additional features like a security system. Another hack for cutting down the insurance costs is to raise your deductible in order to lower the premium amount.
  • How To Choose The Right Insurance Provider? Insurance carriers vary in terms of coverage and cost so take out some time to search around in person and on the internet to find the right provider. Compare quotes from different insurance companies and preferably get the assistance of an expert.

We, at Shawn Camp Insurance Agency, Inc., offer home insurance to our clients in Killeen, TX. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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