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Home Insurance safeguards your home and provides coverage against financial loss that might be caused by natural disasters, theft, etc. It offers financial support & various add-ons to suit a home owner’s requirements. Choosing right Home Insurance requires careful research & sound understanding of policy you are about to finalize.

In order to choose homeowners insurance that satiates your needs, consider following points:

• Right Coverage - Consider all the potential scenarios and select a plan accordingly. Assess your needs or consult a reliable insurance agent to get an idea of the cover you might require. Example: If your house is located in a flood or earthquake prone area, select a plan which can safeguard your asset in case of flooding or earthquake. A smart idea is to get personalized coverage offered by insurance agencies such as Shawn Camp Insurance Agency, Inc.
• Protection Against Catastrophic Events - When choosing Homeowner insurance, make sure it provides coverage against natural calamities like fire, lightning, windstorms, floods, hurricane, hail and financial losses due to accidents, thefts, vandalism, riots, etc.
• Protection Towards In-House Valuables - It is equally important to secure your in-house possessions like furniture, electronic appliances, jewelry, works of art, etc. Make sure to get a plan that offers coverage and protection to your home as well as the valuables inside.
• Protection Against Lawsuits - Home insurance policy also protects you against legal liabilities emerging due to injury to an individual in your premises. Select a plan that pays for medical bills & attorney fees, in order to stay financially protected in the occurrence of such events.
• Coverage for Living Expenses - There are home insurance options that include additional living expenses, in case a house is extremely damaged and family members need to move out temporarily in an alternate accommodation like hotel, homestay or lodge. This allows enough time for the repair and refurbishment of the house, without any inconvenience.

Every home buyer needs to have thorough understanding of insurance coverage as it offers financial protection in case of damage or theft. Homeowners insurance provides coverage for costs related to interior and exterior damage to the house, personal liability coverage, etc.

As homeowners insurance is one of the financial implications of buying a home, following are some useful tips you should know before purchasing home insurance:

• Check The Limit On Personal Belongings: The amount of coverage offered by your insurance plan should be sufficient for your belongings. This includes furniture, clothes, jewelry, electronics, etc. Inquire whether some items have a sub-limit in which case you may have to buy an additional insurance coverage.
• Exclusions: There are some things that are not covered in insurance plans. These exclusions depend upon the coverage type, coverage limit and state law.
• Deductibles: A homeowners insurance coverage may include deductibles (amount of the claim that a home owner is liable to pay before the insurance plan pays for rest of the damages up to coverage limit). It is important to ensure that the amount stated as a deductible by an insurance company is within your budget.
• Coverage: The amount of coverage offered will depend mainly on the state insurance policies. Homeowners insurance covers building of the house, attached structures, personal property, medical payments, etc. against perils such as windstorms, lightning, hail, fire, smoke, theft, vandalism, water damage, etc.
• Extra Coverage: These include backed-up plumbing systems, lawsuits and other situations that are not covered by the liability coverage provided by standard homeowners insurance.
• Pricing: The pricing of an insurance coverage depends on how expensive a house is, whether it is located in a low-damage area, the material used to make it, safety features installed, past claims, crime rate in the area, age of the house, type of home credit and insurance score, coverage selections (the more coverage you buy, higher the rate), amount of deductible, etc.

Shawn Camp Insurance Agency, Inc. offers homeowners insurance to its customers. The range of coverage offered includes dwelling, personal property, loss of use, personal liability, etc. For more details on things to know about homeowners insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also contact: (254) 526 – 0535.

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Home insurance rates can significantly vary from one house to another depending on the type of home and age of your building etc. Having more expensive items in your home also affects the premium rates. Every insurance company has different insurance policies and strategies to decide the home insurance rates. Below are the important factors which will affect the rates of your home insurance.

• How old is your home? : The home insurance rates hugely depend on the age of your home. Generally, the older constructed homes are charged more by insurance companies since they require repair and maintenance work on a frequent basis. Also, the insurance companies may charge a higher premium amount if they fear early claims. Therefore, it is necessary to get minor repair work done in your property in order to have a positive impact on premium calculation.
• Features in the home: Additional security features in the house such as a burglar and fire alarm, CCTV cameras or wall fencing will help in the reduction of home insurance premium rates. On the other hand, utilities like swimming pool, roof top garden or indoor Jacuzzi will increase the insurance premium.
• Location of home: Home insurance premium rates also depend on the location of your home. A home situated in an isolated place outside the city will fetch higher insurance premium because of an increased risk of a burglary or fire. Additionally, a house located in the town or near the fire and police station will amount to a lesser home insurance premium.
• Type of home appliances: The type and number of home appliances installed in the house will also affect your home insurance rates. A house having more electrical appliances will have an increased risk of short circuiting or fire and hence will amount to extra premium as far as home insurance is concerned. As the owner of the house, you need to declare the number of home appliances to be included in the insurance coverage. The insurance company will accordingly decide the premium rates.
• Inclusion of costly articles: Certain articles such as antique pieces and jewelry items are costlier in terms of their value and hence need to be included separately in the home insurance policy. Therefore, a house having a large number of expensive items will have a higher insurance premium and vice versa.
• Deductible: One of the other key factors that are taken into consideration while deciding the home insurance premium rates is the deductible. A higher deductible corresponds to lower insurance premium and a lower deductible will fetch you high premium rates. But decide on a deductible only after calculating your budget and how much you can afford to pay.

Home is the most valuable asset that you possess and therefore it is important to safeguard it from damage. Having an insurance plan assures that your home is financially secured at the time of unforeseen events like accidents fire, theft, leaking pipes, ightning etc. Your insurance company calculates the cost needed to rebuild your house or restore the damages and helps you cope up with the situation. An insurance policy with extensive coverage is imperative to live a stress free life.

A home insurance policy pays for the following –

Building or structural damage –It covers any damage caused to the physical structure of the property, except the land. Depending upon the coverage limit, insurance policy will safeguard your building against harms caused by short circuits, natural calamities, plumbing issues etc.

Possessions inside the house – Your valuables are always under a risk of either being broken, stolen or getting damaged due to endless reasons. If you have an insurance plan, you’ll be able to replace the damaged items by filing a claim as your insurance company will compensate the loss. The possessions covered under this policy may include clothes, jewelry, electronic appliances, gadgets etc.

Liability coverage- If a visitor gets injured in your premises or you accidently damage the property of your neighbors, having an insurance plan will save you from the liabilities such as-

• Paying for the treatment of the injured person (hospital bills, medication, diagnostic tests etc.
• In case the injured person is unable to return to his work, you’ll be legally liable for his lost wages. Your insurance company can help you get out of such situations by providing financial help.
• The insurance company will pay all your legal expenses in case the injured party files a case against you

Additional living expenses – When your property gets damaged by a disaster or a mishap and you have to stay in a rented accommodation till the restoration of the house, the insurance policy will pay for the rent, hotel bills, restaurant meals etc. This is a life saver coverage option offered under a home insurance policy.

Protecting your possessions away from home - Your home insurance policy follows you wherever you go. In case your belongings get damaged, misplaced or stolen while traveling, your insurance policy has a provision to enhance the coverage range to safeguard your belongings even when you are not in your home.

Damage to the nearby structures- In addition to the main building, your insurance plan also covers the damages caused to the nearby structures such as fences, garage, out house, outdoor furniture etc.
By living in an insured house you’ll have peace of mind that if any kind of damage occurs to your property, you’ll be able to recover the loss. So, it is recommended that all the home owners purchase a home insurance policy.

Home insurance plans have various coverages. You may consult an insurance agent to choose the best plan that suits your budget and needs. He will help you by–

• Offering to choose from wide array of insurance plans from different companies.
• Giving unbiased advice regarding coverage options
• Helping you to file a claim when need arises

Remember to make an inventory of all your belongings and keep it in a place away from home. So that in case a mishap occurs, you know the exact cost of property.

At Shawn Camp Insurance Agency, Inc. we offer you the home insurance plans with best coverage options and low premiums. To know more about the insurance plans, you can call at (254) 526-0535 or visit at 2705 E. Stan Schluter Loop, Suite 101 Killeen, Texas, 76542.