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Homeowners Insurance

Homeowners Insurance Home Shield Insurance SolutionsWhen it comes to insurance, homeowners insurance is by far the most common type.  Homeowners insurance is designed to make you financially whole when there is an event which damages or causes you a financial loss. Each coverage type has a limit to which the insurance carrier will pay for your damages and each one is specific to the area of your property that is damaged.  It is best to be properly insured for the full value of replacing your home.  Less coverage will cause a shortfall if you need to rebuild.  Home Shield Insurance Solutions as the expertise to help you get the right coverage for you home.  Call our offices at (888) 214-7525 or request a free no-obligation online quote.

Homeowners insurance, HO3 as it is known in the industry, is different from other types of insurance in that it covers both the structure and the contents within it. Other insurance policies, such as a Dwelling Policy (DP3) only cover the structure and not the contents of the home.  Dwelling fire policies are designed for leased properties.

Home Shield Helpful Tip…
Most homeowners insurance policies come with jewelry limits around $1,000-$2,500.  Do a quick mental inventory of what you own.  Can you replace it all with that amount?  What about a $1,500 per piece limit? Are some pieces worth more than $1,500?  The solution is to schedule coverage for specific items like wedding rings and upscale watches.
Homeowners Insurance Home Shield Insurance SolutionsContents Coverage – Actual Cast Value vs. Replacement Cost

Homeowners insurance not only covers repairing and replacing the structure of the home but also the contents with it.  All your personal belongings, appliances, clothing, furniture, electronics etc.  It will repair or replace items damaged from fire, wind, water (excluding flood) and theft.  Educate yourself to know the difference between actual cash value (ACV) and replacement cost coverage.  ACV coverage will only pay out the depreciated value of your belongings, where replacement cost will pay whatever it costs to get the same unit brand new from the store shelf.  This difference can be a lot of money when it comes to replacing appliances, electronics, clothing and furniture.  Have our expert agents look over your homeowners insurance policy to be sure you are getting the coverage you want.

Mortgage Company Requirements

Mortgage companies will require the owner to have insurance on the property to protect their interest in the home as well.  The policy, called forced placed coverage, is not a great bargain for the owners.  First, it is usually at a significantly higher price than a standard homeowners policy.  Second, it will only cover the structure and have limited contents coverage.  Third, it doesn’t take into account any other discounts or features that you, as the owner, bring to the table such as occupation, affiliations, new home buyer discounts etc.  Finally force placed insurance can not be bundled with your car insurance.

Don’t let this happen to you, call our knowledgeable insurance experts at (888) 214-7525 or submit your request online.


 

Home Shield Insurance Solutions is a personal lines insurance agency specializing in homeowners insurance, auto insurance and seasonal dwelling insurance.  Home Shield serves the western states of California, Nevada, Arizona, and Colorado including the metro areas of Los Angeles, San Francisco, San Diego, Phoenix, Tucson, and Las Vegas.

Our home insurance products are competitive across all types of coverage.  We compare insurance among the top carriers like Mercury, Safeco, Travelers, Foremost and Stillwater.  Our experienced insurance agents can provide a quote within minutes for your property and cars. If you would like to know more about your insurance options, please call our insurance experts at (888) 214-7525 or get a quote started with our online form.