Home Insurance

Your home is one of your greatest investments. So it is important when you are searching the many West Virginia home insurance companies for whatever type policy you want, to be armed with the facts and knowledge that will allow you to make an affordable and sound choice.

There are many different types of West Virginia home insurance coverage and it is in your best interest to understand what is available and especially to formulate coverage that protects you and your home in the best way possible.

Most consumers don’t think a lot about home insurance. Like other types of insurance, your needs may change from year to year, depending on items you purchase (personal property) or perhaps upgrades and/or additions you may make to your property. These can all add value to your home, but it also means that you might need to increase the amount of coverage you have in case you ever need to file a claim. This is why it’s important to review your West Virginia home insurance policy annually (or more often depending on your circumstances).

Many people think of the normal types of coverage for their home insurance- fire, storms, earthquakes, etc. It’s wise to remember that many policies don’t include natural disaster-type coverage. They are considered “extra”, which usually means the specific type of coverage (flood, earthquake, hurricane) has to be added separately and also at an additional cost over the normal policy amount. You want to make sure you have adequate coverage for theft, also.

Most people woefully underestimate the cost of what they would need to fully replace personal property remember you have to think of all possible items- furnishings, clothing, jewelry, electronic equipment. Smoke and water damage from a fire can be almost as devastating as the fire itself, so you need to protect yourself reasonably when choosing your West Virginia home insurance coverage.

When you have read the following information and are ready to pick your personal policy, insuranceUSA.com is ready to assist you with quotes from many different sources so that you can choose the plan which is just right for you!

Choosing Your West Virginia Home Insurance Policy
West Virginia home insurance policies vary according to individual needs and requirements. Generally speaking, there are two types of West Virginia home insurance policy options to choose from – monoline and package policies. A monoline West Virginia home insurance policy only has one specific type of coverage, such as liability. A package West Virginia 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 West Virginia home insurance policy. InsuranceUSA.com can help you decide just which West Virginia home insurance policy is right for you!

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

Homeowner-1 (HO-1): Offered by very few West Virginia 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 West Virginia 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 West Virginia 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 West Virginia 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 West Virginia 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 West Virginia home insurance policy offers the same coverage as HO-4, but is used only for condominiums.

Homeowner-8 (HO-8): This West Virginia 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 West Virginia 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 West Virginia 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 West Virginia Home Insurance Do you Need?
When considering West Virginia 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 West Virginia 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 West Virginia 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
West Virginia home insurance has specific rules and laws governing how and why an insurance company can cancel or not renew your policy. Normally, homeowners need not worry their policy is going to be cancelled unless they warrant it for any or all of the following reasons:

  • Failure to pay premiums
  • Committing fraud or filing false claims
  • Being convicted of a crime
  • Changing the property so it is uninsurable
  • Altering the property so that unsafe conditions are created

Once the state-mandated term period has passed, an insurer may cancel or not renew a policy so long as they provide adequate notice and a legal reason or reasons for the action.

Purchasing West Virginia Home Insurance
The first thing to do when you decide to buy West Virginia home insurance is make sure that you are working with a company that is appropriately licensed. To find out if they are licensed to sell West Virginia home insurance just ask for a copy of their West Virginia license number.

Your next step will be to answer a list of questions that will give the insurer enough information to make sure that you are sold the appropriate West Virginia home insurance. It is vital that you answer the questions carefully and don’t leave anything out.

When you are looking around for an insurer make sure that you find out about the level of service that they provide. This is equally as important as the cost. The lowest price isn’t always good value.

Purchasing West Virginia Home Insurance via the Internet
Shopping around for good quality West Virginia home insurance is very important. You should get a minimum of three quotes. To gather the quotes you can use either the phone or the internet. The internet is a fast and easy way to do your home insurance research and to find the best deals without having to leave your house. The internet has become a key part of the home insurance sector. Insurance agents provide quotes over a growing number of comparison websites. All you need to do is fill in the online questionnaires and a quote will be returned to you at the click of a button. InsuranceUSA.com is a great place to start your search.

Remember that price is not the only thing to keep in mind when purchasing West Virginia home insurance. Companies that answer questions and deal with claims quickly and efficiently will be your best choice when buying West Virginia home insurance.