If you have tangible assets, you need the protection of a homeowners insurance policy. These policies cover your home or apartment, whether you are an owner or rent. A homeowners policy prepared by a knowledgeable agent will pay to replace your personal property that is destroyed in a fire or other disaster. The policy will also protect you against a lawsuit from someone injured at your home.
The cost of this coverage is determined by many rating factors. The quality of the coverage, however, is determined by the quality of the insurer and whether the policy is written on a named perils or all-risk basis.
A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way—unless a peril is specifically excluded, coverage is provided.
An all-risk policy covers more and the burden of proof is on the carrier, not you, in the event of a loss.
The Billy Davis Insurance Group offers free, comparative quotes on homeowners insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.