Home Insurance

We have probably all become more aware of the importance of having reliable, quality home insurance over the past few years, especially after seeing the disasters of hurricanes, tornadoes, and wildfires and the damages they leave in their aftermaths. Not only can they involve a personal and financial loss, but also an emotional one as well.

When you are in the market for Louisiana home insurance, it is important to know all the facts and choose a policy which is right for you and your circumstances. We have all heard the stories about people who thought they had the coverage they needed, only to find after disaster actually struck, their specific policy didn’t protect them adequately, or worse, not at all.

For most people, their home is their greatest investment. Usually, it’s also their greatest financial asset. So it makes sense when you are considering Louisiana home insurance to choose coverage which gives you the security and peace of mind of knowing that you and your investment are fully covered and protected. This means having coverage not only for natural disasters, but also for theft, fire, and even liability (if someone is injured on your property).

Also, it is important to remember that renters need Louisiana home insurance. Your personal property has value and you need to have adequate replacement coverage in case of fire, theft, etc. There are several factors which are important to consider when making your decision about the amount of coverage you need. Remember that the better your coverage, the less financial obligation you have in the event of a claim.

If you have a mortgage, your lender may have specific requirements which you are obligated to adhere to. You also need enough liability coverage to protect yourself in case of a lawsuit resulting from your negligence.

After you have read through the article and determined your needs and the type of Louisiana home insurance you want, we at insuranceUSA.com are ready to assist you with the home insurance quotes that will provide you with the coverage and satisfaction you both need and deserve.

Choosing Your Louisiana Home Insurance Policy
There are several things to keep in mind when you are choosing your Louisiana home insurance policy. First of all, you need to decide if you want a monocline Louisiana home insurance policy or a package Louisiana home insurance policy. The monoline policy gives you just one type of Louisiana home insurance coverage. For instance, monoline Louisiana home insurance often only covers liability.

A package Louisiana home insurance policy offers several different kinds of coverage, such as property insurance as well as liability. In general, it is more economical to buy a package Louisiana home insurance policy.

There are 7 different types of Louisiana home insurance policies. It is important to known which one best fits you needs and requirements for a solid Louisiana home insurance policy. The seven types are Louisiana home insurance policies are:

Homeowner’s 1 (HO-1) policy: This type of Louisiana home insurance policy is actually offered by very few companies because it covers such limited options. Covered by an HO1Louisiana home insurance policy are fire, lightning, smoke damage, windstorm and hail, burglary and theft, explosions, glass breakage, vehicle or aircraft damage, riot and civil commotion, vandalism and malicious mischief, bodily injury, damage to the property of others, civil judgments, medical payments, personal property away and at home, and expenses if forced to live away from home for a temporary period of time.

Homeowner’s 2 (HO-2) policy: This covers all the items in an HO1 policy, plus falling objects, damage from the weight of ice or snow, water from plumbing problems, freezing of the pipes and plumbing, electrical damage to appliances, and rupture of water heaters and heating systems.

Homeowner’s 3 (HO-3) policy: This is also called a Special Form Policy and it is becoming the most used Louisiana home insurance policy. This covers your home for all physical loss, except for those losses that are specifically not covered. These can include earthquake, flood and war.

Tenant/Cooperative Owner’s (HO-4) policy: This Louisiana home insurance policy insures against damage to the contents of an apartment and against personal liability from damage suffered in the insured person’s unit.

Homeowner’s 5 (HO-5) policy: This Louisiana home insurance policy covers everything in the HO-3 policy, plus the physical loss of personal possessions, except for those specifically mentioned.

Condominium Unit Owner (HO-6) policy: This Louisiana home insurance policy is designed for condominium units, and includes all coverage as HO-4.

Homeowner’s 8 (HO-8) policy: This Louisiana home insurance policy covers all the same items as HO-1, but gives cash coverage instead of replacement cost coverage. This is generally used when the replacement value of property exceeds the market value.

InsuranceUSA.com can provide you with all of the information you need to make the right choice for the Louisiana home insurance policy that is right for you!

How Much Louisiana Home Insurance Do you Need?
When you purchase Louisiana home insurance, you should inventory your possessions. Make sure you take photographs of your most valuable items such as furniture and appliances; and always hang onto your receipts. Update your inventory at least once-a-year or when you buy something new.

You will also need to know the value of your home and how much it would cost to replace if it is completely destroyed. Most insurance companies will have you obtain a physical inspection to determine your home’s value before they will write a new policy.

Always buy just enough Louisiana home insurance to cover your loss but don’t overdo it so you can’t afford the premiums. Be sure to ask you insurer any questions you may have or use InsuranceUSA to research a new policy and request a free quote.

Non-Renewals and Policy Cancellations
State laws mandate that your Louisiana home insurance cannot be simply cancelled during its “term period”. However, if you fail to pay your premiums or make any false claims, your insurance company can legally cancel your policy.

Also, if you are convicted of a crime; make modifications to your property so as to deem it uninsurable; or create conditions wherein the property is considered unsafe, you may face cancellation as well.

Once the term period has passed, your insurance company reserves the legal right to cancel or not renew your policy. In any event they must provide the policy-holder with adequate written notice.

Finding Louisiana Home Insurance That Meets Your Needs
Finding appropriate Louisiana home insurance shouldn’t be a difficult process. It is, however, important that you make sure that any company that you consider working with is legal. To do this you can ask for a copy of their license number that is issue by the state of Louisiana.

The first step in making sure that you get what you need when it comes to Louisiana home insurance is to complete the questionnaire that your insurer gives you. The more information that you supply the insurer with the better an offer they will be able to make to you.

Ask around about service levels when shopping for Louisiana home insurance. Service is equally as important as price when you are purchasing home insurance.

On-Line Louisiana Home Insurance
Like with all important decisions that you make with regards to your home, you should shop around for the best value Louisiana home insurance. Shopping on-line can make this a quick and painless process. Using a comparison site like InsuranceUSA.com also simplifies the process. While faster than filling in paper forms, it is important to remember that the information that you provide potential suppliers with is the key to your obtaining the home insurance that you need.

Don’t confuse price with quality. Often the cheapest isn’t the best. Try to find out as much as possible about any company that you are considering buying Louisiana home insurance from. This will mean that you get exactly what you need.