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Things Everyone Has to Know About Homeowners Insurance

Homeowners insurance knowledge could save you thousands.

Insurance makes you think about everything bad that could happen to you: medical issues, home repairs, car accidents, etc. This isn’t a bad thing, necessarily: chaos theory states that anything that can happen, WILL happen (but as Christopher Nolan reminded us in “Interstellar”, it doesn’t necessarily have to be bad). It’s important to always be prepared for whatever life throws at you. You can accomplish this by knowing everything you need to know about your homeowners insurance policy.

1. Why one should shop around.

Before you commit to a policy, make sure that you feel comfortable with your agent. Search the web for an agent with good reviews or go with a recommendation. A good or bad adjuster can be the difference between receiving your check as soon as possible, or in a year.

2. Know what’s covered.

A policy will pay for damage done to your property and possessions in the event of storms, fire, theft, and vandalism. It also provides liability in case someone gets hurt on your property and decides to sue you. Home insurance also covers shelter costs, should you have to stay at a hotel while repairs are being done to your home.

3. Know what’s not covered.

There are things that could happen to your home, and, due to what caused it, will not be covered by your policy. These include: earthquakes, war, nuclear hazard, government action, faulty zoning, and flooding. Be sure to contact your insurance agent to know what your policy covers.

Talk to your independent insurance agency to determine your need for homeowners insurance and the best fitting policy for you! Contact Fox Insurance Agency for a quality and reliable home insurance and auto insurance in Beaverton, OR policy!