Homeowners Insurance FAQ
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Homeowners Insurance Types

If you are confused as to what type of homeowners insurance you should get, do not worry because you are not alone. A number of homeowners do not know what types of homeowners insurance policies are available in the market. Most insurance companies can tailor fit your policy to what you need but before they can do that, you would have to determine what types of coverage your house requires or may need in the future.

Dwelling and liability are probably the most common types of coverage your insurance agent will suggest or introduce to you because dwelling coverage protects you financially from hazards either natural or human that can cause major damages to your home. One has to keep in mind that the more hazards there are, the higher the premium one will pay.

Liability protection on the other hand is another basic coverage that homeowners should consider having because such a plan will shoulder expenses for legal claims or lawsuits against the owner of the insured home. Usually, the lawsuits covered include injuries caused by or took place in your property.

There are also other options for homeowners who do not own regular or traditional homes. Those who own condominium units will have to apply for a different policy that fit the description of their homes. Other homeowners such as those who have mobile homes would have to apply for a different type of home insurance policy too.

It is important to note that for every insurer, different policies exist. For example, homeowners of green homes or homes that are made from environmentally conscious materials can get discounts for their homeowners insurance from certain providers. One would only have to look for these homeowners insurance providers whether they are licensed to operate in your state.