It’s safe to say that most consumers don’t know a lot about Utah home insurance! But when you stop to consider that your home is probably your greatest financial investment (and also your greatest financial asset), it is very apparent that you need to choose your Utah home insurance wisely.
A home insurance policy basically covers your home and personal property in the event a disaster strikes. This can be in the form of storm damage, fire, theft, and even liability protection for accidents that can occur to someone while on your property (no one like to think of someone falling on their sidewalk or deck, but unfortunately, it does happen).
It can be rather intimidating to search through all the various Utah home insurance companies and understand all the different types of policies available. You want to be sure you are getting all the coverage you need and expect and this means being armed with information! For example, many people think their policies cover their loss when storms or other natural disasters strike.
But the truth is many insurance companies consider coverage for earthquakes, floods, hurricanes, etc. “extra”. This means that unless you specifically have written in coverage for these occurrences, you most likely are not covered. Your policy has to include them separately and usually at an additional cost.
Also, you need to carefully consider the replacement cost of your personal property. Some insurance companies require you to list high value items separately, such as jewelry, artwork, antiques, etc. and have these pieces specifically named in the policy.
Remember, too, that there are some things you can do personally to prevent loss and minimize damages. These include installing and maintaining smoke alarms, installing a security system, keeping your home and yard free of debris, and placing fire extinguishers throughout your home. Just these small steps can make a big difference in lowering your Utah home insurance premiums!
When you have decided what type of policy is right for you, contact insuranceUSA.com for reliable, affordable quotes!
Choosing Your Utah Home Insurance Policy
There are several different options to look at when you are shopping for a Utah home insurance policy. Following are brief descriptions of each type of policy, but InsuranceUSA.com can explain the available for Utah home insurance policy options and help you find the very best fit for your needs. In a nutshell, the policy categories are:
Homeowner’s -1 (HO-1): This type of Utah home insurance policy is actually offered by very few insurers because it has very narrow definitions. This type of Utah home insurance policy covers many types of damage, including fire, smoke, lightning, wind, hail, burglary, theft, breaking glass, bodily injury and vandalism. It also covers medical payments, personal property and living expenses if you have to live away from home for a limited amount of time due to damage.
Homeowner’s-2 (HO-2); This Utah home insurance policy option covers everything listed in HO-1, as well we damage from falling objects, ice or snow, water from the plumbing system, damage to appliances, and leaks or ruptures from water heaters.
Homeowner’s-3 (HO-3): This Utah home insurance policy is often called the Special Form Policy. It is the most widely used Utah home insurance policy. This covers your home for most types of risks of physical loss, such as floods or earthquakes. You must read this policy very carefully so that you know exactly what is included in the coverage.
Tenant’s/Cooperative Owner’s (HO-4): This Utah home insurance policy option is designed to insure an apartment’s contents, as well as offering personal liability for injuries that occur in the unit.
Homeowner’sw-5 (HO-5): This Utah home insurance policy offers the same coverage as HO-3, but it also covers personal possessions for risk of physical loss. This type of protection can be added onto the HO-3 policy as a special personal property clause.
Condominium Unit Owner’s (HO-6): this for of Utah home insurance policy offers the same coverage as HO-4, but it is designed for insuring condominiums.
Homeowner’s-8 (HO-8): This is a modified version of Utah home insurance policy HO-1 and it provides an actual cash value coverage instead of replacement cost. This type of insurance is usually for older homes, where the property exceeds the market value.
Utah home insurance policy options are generally divided into two categories: a monoline or a package policy. The monoline policy only contains one type of coverage. The package policy includes several different types of coverage, based on the requirements of the policyholder. It is generally a better deal financially to invest in a package policy.
Let insuranceUSA.com help you decide which type of Utah home insurance policy is just right for you!
How Much Utah Home Insurance Do you Need?
When considering Utah 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 Utah 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 Utah 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
An insurance company cannot simply cancel an Utah home insurance policy and it must
remain in effect for the “term period” provided nothing warrants its legal cancellation. Possible reasons for an insurance company discontinuing coverage during the term period include:
- Non-payment of premiums
- Felony conviction
- Modifying a residence so as to make it uninsurable
- Creating unsafe conditions at the property
- Committing fraud or otherwise submitting false claims
After the policy term period is over, an insurance company can cancel or not renew a policy for any legal reason. In such an event, adequate written notice must be provided prior to the cancellation or non-renewal.
Obtaining Good Utah Home Insurance
When you begin to shop around for Utah home insurance you must first make sure that you know that the suppliers that you are considering are properly registered with the state authorities. The easiest way to check any insurer out is to simply request a copy of the State issued certificate that has their license number on it.
Once you start to work with a specific insurer they will present you with a survey to complete. The results of this survey will give the Utah home insurance provider the means to give you a good quote. The more information you include in the survey the more accurate the quote will be.
A low price doesn’t always guarantee a high level of service. Make sure that you are happy with the fact that the insurer you choose will be responsive in a timely manner if you need to file a claim with them.
Obtaining Good Utah Home Insurance via the Internet
Shop around when you buy Utah home insurance. You can use traditional means such as calling or using a shop front office but it is easier and more efficient to shop for your Utah home insurance using your computer. There are many good sites available to make your search for appropriate Utah home insurance a fast and pleasant experience. Try InsuranceUSA for a hassle free insurance buying experience. As with the more traditional means of buying Utah home insurance you will need to answer a series of questions for the insurer to be able to make sure that they have the right product on offer for you.
Speed of response and fair treatment when handling claims is as important as the cost. Make sure that you consider all of these factors when you choose your Utah home insurance.
- American Fork
- Brigham City
- Cedar City
- Heber City
- Mountain Green
- N Ogden
- North Ogden
- Park City
- Pleasant Grove
- Saint George
- Salt Lake City
- Salt Lake Cty
- Santa Clara
- South Jordan
- Spanish Fork
- St George
- Stansbury Park
- West Bountiful
- West Jordan
- West Valley City
- Woods Cross