Shopping for House Insurance
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by: author4seo@cheaper-insurance-online.com
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Date: Tue, 9 Mar 2010 Time: 3:08 AM
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nMaking choices about homeowner insurance can be easy when you understand the fundamental structure of the standard house insurance policy. Unlike health care insurance, homeowner insurance has been standardized. This makes it much easier to compare house insurance policies.nnMost homeowners insurance policies are based on the ISO Homeowner 3 Special Form or the HO-3 for short. Certain states require certain amendments and there are differences between the different homeowners insurance carriers' policies. However, even though you may not find identical policies, the policies will be more similar than different so long as the policy is an HO-3 policy.nnA Coverage - DwellingnnThe A coverage defines how your residence premises and certain attached structures are insured. If you have an attached shed it is included in the A coverage.nnB Coverage - Other Structures. nnThese are structures that are not attached to your residence premises or that are separated by a clear space or are connected only by a fence wall, wire or other similar structure. A detached garage would be covered by this section of the policy.nnC Coverage - Personal PropertynnPersonal property includes property that is not considered real property. Property that is attached to the land is considered real property. Property that is attached to real property is also usually considered to be real property. nnThis means that a wall-to-wall carpet will be real property, but a throw rug will be personal property. nnThe personal property section of your policy will cover more than just the things in your home. It will also cover property of yours that is in other locations. However, there are limits and restrictions. Your autos will be specifically excluded. There will be limits on jewelry. There will be other limitations and restrictions on your house policy.nnD Coverage - Loss of UsennYour homeowners policy will likely pay your housing expenses if you are unable to live in your residence due to a covered peril. You may be able to stay in a hotel while your residence is repaired and have those costs covered by your policy.nnE Coverage - Personal LiabilitynnA standard HO-3 home owners policy includes liability coverage. This can pay if someone is injured on your property. It can also pay if you accidentally injure someone far away from your property. There are limitations on this coverage, but it probably covers more situations than you realize.nnF Coverage Medical Payments to OthersnnSection F - Medical Payments to Others is similar to the liability coverage section. However legal liability is not required for payments to be made. This section provides limited coverage in situations where an insured person causes an injury to another person. Its purpose is to pay for the small stuff without requiring costly legal red tape. The personal liability section of your policy is there to pay for the larger more costly situations.nnHouse Owners insurance is an important coverage. It covers not only damage to your home, but can also cover damage to your personal possessions, reimburse you for the housing costs while your home is being repaired and can pay others if that you might injure due to a negligent act.nnUnderstanding the fundamental structure of a house owners insurance policy can help you to compare policies, since the basic structure of most homeowners insurance policies will be the same regardless of which carrier you make your purchase through.n
About the Author
You can find Pennsylvania house insurance quotes on the author's website. Alston J. Balkcom has also written a recent blog post about Cheaper Health Insurance can be Better Health Insurance.nGet a Unique Version of this Article Article Marketing
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