Home Insurance

For most people, their home is their biggest investment. Usually, it is also their greatest financial asset. Therefore, it stands to reason that when you are choosing Wisconsin home insurance, it is important to know not only what type of coverage you need but also the amount of coverage that will adequately protect you and your investment.

When people are considering Wisconsin home insurance, most probably think of natural occurrences which can happen unexpectedly- thunderstorms with damaging hail and wind, tornadoes and earthquakes. It is important to remember that many times, unless specified in your Wisconsin home insurance policy, coverage for floods and earthquakes are considered “extra”. This means that you have to add them to normal policy coverage (and at additional cost).

Also, people want damage protection from fire, smoke, and other related problems. But there are other circumstances which can warrant having a sound Wisconsin home insurance policy. It’s important to have protection from possible theft and also from personal liability claims (which can arise from someone injuring themselves while on your property).

There are also some simple things you can do to reduce your risk of loss and minimize the chance of damages. These include installing and maintaining smoke detectors throughout your home, installing a security system, and placing fire extinguishers in high-risk areas.

Also, remember that the better home insurance coverage you have in effect, the less financial obligation you will have in the event of a claim. Additionally, if you have a mortgage, you may want to check with your lender as many mortgage companies have certain coverage requirements that they expect you to include in your policy.

Once you have looked over the information outlined in this article, you will be able to put together a policy which is right for your needs and resources. You can rely on insuranceUSA.com to help guide you through these facts and offer you straight-forward, affordable Wisconsin home insurance quotes.

Choosing Your Wisconsin Home Insurance Policy
There are several different options to look at when you are shopping for a Wisconsin home insurance policy. Following are brief descriptions of each type of policy, but InsuranceUSA.com can explain the available for Wisconsin 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 Wisconsin home insurance policy is actually offered by very few insurers because it has very narrow definitions. This type of Wisconsin 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 Wisconsin 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 Wisconsin home insurance policy is often called the Special Form Policy. It is the most widely used Wisconsin 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 Wisconsin 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 Wisconsin 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 Wisconsin 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 Wisconsin 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.

Wisconsin 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 Wisconsin home insurance policy is just right for you!

How Much Wisconsin Home Insurance Do you Need?
You may be asking how much Wisconsin home insurance do I need? The answer is only as much as needed to cover a loss but not so much that you can’t afford the premiums.

Most insurers will ask you have your house appraised by a professional home inspector before they’ll write you a policy. Furthermore, you will want to compile an inventory of all your major possessions such as furniture and appliances. Hang onto your receipts and take photographs. Also, update your policy at least once-a year or whenever you make any changes.

Should you ever have questions or concerns about your Wisconsin home insurance, make sure you contact your insurer for answers. And remember, InsuranceUSA.com is a great place to research Wisconsin home insurance and request a free quote!

Non-Renewals and Policy Cancellations
State laws mandate that your Wisconsin 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 Wisconsin Home Insurance
Before considering buying Wisconsin 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 Wisconsin issued insurance certificate which will have their license number on it.

Once you start to work with an Wisconsin 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 Wisconsin 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 Wisconsin 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 Wisconsin home insurance. Just click online and do a search for Wisconsin 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 Wisconsin 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.