Home Insurance

A home is one of the greatest financial investments you will ever make. It is also one of the greatest financial assets will you ever have. So it makes sense when you are in the market for affordable, quality Pennsylvania home insurance that you choose a policy which adequately protects you and your investment.

Most people understand the importance of having a policy which covers damages resulting from natural disasters severe thunderstorms, wind, hail, etc. What many people don’t know is that many standard insurance policies consider damages from floods, wildfires, earthquakes, and tornadoes as “extra” and unless your policy is written to specifically cover these occurrences, you could be without coverage and not realize it! It is also important to include adequate protection from theft.

Many people underestimate the cost of replacing personal property. And again, if you have what might be considered “luxury” items, certain jewelry, antiques, carpets, etc. you may be required to list them separately (with actual appraisal amounts) to have full coverage in case of theft (or fire, smoke damage, water damage).

Finally, liability coverage is important and is a sometimes overlooked component of a well-planned Pennsylvania home insurance policy. This provides protection in case someone is injured while on your property. Also, remember that there are things you can do to prevent loss and minimize the chance of damages.

Some simple, yet important, steps you can take are to install smoke detectors throughout your home (and also maintain them), install a security system, place fire extinguishers in high-risk areas, and keep your yard and home free of debris. By doing this, you not only lower your risk of loss and damage, but you can also decrease the amount of your premium payments.

Once you have read through the article and have put together a policy which is suitable for your needs and circumstances, the people at insuranceUSA.com are standing by with Pennsylvania home insurance quotes that will allow you to finalize your selection.

Choosing Your Pennsylvania Home Insurance Policy
Pennsylvania home insurance policies vary according to individual needs and requirements. Generally speaking, there are two types of Pennsylvania home insurance policy options to choose from – monoline and package policies. A monoline Pennsylvania home insurance policy only has one specific type of coverage, such as liability. A package Pennsylvania home insurance policy offers several different types of coverage. The package policy may include property and liability insurance together, for example. For most people, it is more cost effective to buy a package policy instead of a monoline Pennsylvania home insurance policy. InsuranceUSA.com can help you decide just which Pennsylvania home insurance policy is right for you!

There are seven standard types of Pennsylvania home insurance policy options to choose from, depending on your personal needs. Each is described in brief below. For more information on these Pennsylvania home insurance policy options available, contact insuranceUSA.com.

Homeowner-1 (HO-1): Offered by very few Pennsylvania home insurance policy companies, this policy option has very narrow coverage. It usually covers damage from fires, lightning, smoke, wind, hail, burglary, theft, explosion, glass breakage, vehicle damage, riot and civil unrest, as well as civil judgments, medical payments, personal property, and expenses if forced to live away from home for a short period of time.

Homeowner-2 (HO-2): This Pennsylvania home insurance policy covers everything listed in HO-1, as well as falling objects, damage from the weight of ice or snow, damage from leaks or freezing in the plumbing system, electrical damage to appliances, and damage cause by a rupture in the water heater.

Homeowner-3 (HO-3): Also called a Special Form Policy, this is the most common type of Pennsylvania home insurance policy in use. It covers all physical losses, except for those that are specified in the policy. Exceptions often include floods, earthquakes, war and other disasters, natural and man-made.

Tenant/Cooperative Owner (HO-4): This Pennsylvania home insurance policy is for renters or owners of cooperative units. This is used to insure against damage to the tenant’s possessions, and personal liability for physical damage suffered while in the unit.

Homeowner-5 (HO-5): This Pennsylvania home insurance policy covers everything listed in HO-3, plus personal possessions against loss, except for specific exclusions listed in the policy.

Condominium Unit Owner (HO-6): This particular Pennsylvania home insurance policy offers the same coverage as HO-4, but is used only for condominiums.

Homeowner-8 (HO-8): This Pennsylvania home insurance policy option is similar to the HO-1 policy. The difference though is that it provides an actual cash payment instead of replacement cost coverage. This Pennsylvania home insurance policy is usually only used in the case of older homes where the property exceeds the market value.

No matter what type of Pennsylvania home insurance policy you need, InsuranceUSA.com is ready to help you get all the information you need to make the right choice!

How Much Pennsylvania Home Insurance Do you Need?
When considering Pennsylvania home insurance, utilize InsuranceUSA.com to do research and request a free quote. If you have any questions about your policy, make sure you ask your insurer.

When buying Pennsylvania home insurance, most insurance companies will insist on a home inspection to determine the home’s value. Also, make sure you compile an inventory listing your most valuable possessions such as furniture and appliances. Take photographs, hang onto your receipts and update your policy at least once-a-year to account for any additions or changes to your home.

It is important to have enough Pennsylvania home insurance to cover your home’s value in case of total loss or damage but not so much that you can’t afford the premiums.

Non-Renewals and Policy Cancellations
State laws mandate that your Pennsylvania 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.

Buying Pennsylvania Home Insurance
Before considering buying Pennsylvania home insurance it is important to make sure that the company you are dealing with is legitimate. The easy way to check out a company is to ask for a copy of their Pennsylvania issued insurance certificate which will have their license number on it.

Once you start to work with an Pennsylvania home insurance company they should give you a survey to complete. Make sure that you answer it with as much detail as possible and don’t miss out any of the questions.

When buying Pennsylvania home insurance, services are as important as cost. The last thing you want to do is pay less but have to wait a long time for your claim to be processed.

Buying Pennsylvania Home Insurance on the Internet
Shopping online has become one of the fastest and easiest ways to shop, this includes when you are looking to buy Pennsylvania home insurance. Just click online and do a search for Pennsylvania home insurance. If you want to find a great jumping off point for your search of home insurance just go to InsuranceUSA.com You will find multiple companies who are willing to give you a fast quote. Make sure that you complete their forms in detail so that you receive a comprehensive quote in return.

Remember that quality is as important as price when buying Pennsylvania home insurance. You need to be comfortable with the knowledge that if you need to make a claim, the company will deal with it in an efficient and effective manner.