A home is a huge asset and securing it must be a paramount decision. By now most of us have already learned the value of purchasing insurance, but very few know about premium coverages. Most people prefer purchasing premium policies for their home cover as most of them provide extra coverage.
Home insurance premiums are paid on a semi-annual basis, annual basis or monthly financing of premiums–done by some companies. Home insurance premium costs vary based on the type of coverage you want and the risk. That is why it is crucial that you shop for insurance premiums from a certified reliable insurance company like The Insurance Shop USA in Sandpoint, ID.
Home insurance premiums/ additional coverages
All homeowners in Sandpoint ID are required to purchase the following basic home insurance policies:
- Personal liability protection
- Personal property coverage
- Loss of use protection
- Dwelling coverage
- Other structures protection
If you own a big home, chances are that the basic coverage may not offer adequate protection as the standard coverages do not cover for stolen valuables or important documents in the home. You may be forced to take additional coverage in which the insurance company will charge you for the premiums you choose.
- Special personal property protection
- overflow or sump pump discharge and water back up
- Personal articles floater
- Content replacement cost
- Valuable and jewelry items
- Extra replacement cost protection coverage
- Green home coverage
- Identity fraud
The rule of the thumb is that you have to pay more money to get premium coverage and the more valuable your house is, the more costly the premium will be. Still need to know more about insurance premiums, visit The Insurance Shop USA today and you will get all your questions answered.