Most people don’t give much thought to their property insurance policy until a weather emergency, fire, or other type of incident causes damage and they need to make a claim. In fact, nearly 60 percent of 1,000 homeowners surveyed by Insurance.com didn’t know what replacement value meant. An additional 50 percent couldn’t describe what their policy covered and almost 25 percent didn’t know the dollar value of their property insurance policy.
This lack of knowledge can cause confusion, frustration, and unnecessary delays when it comes time to file a claim. It also means that many homeowners have inadequate insurance coverage and could be out thousands of dollars when they experience some type of property damage.
The homeowner’s liability portion of your property insurance policy covers the expenses another person incurs when sustaining an injury on your property. It usually covers damage that you caused to someone else’s property as well. Having an adequate amount of liability coverage is especially important if someone files a personal injury lawsuit against you. It would cover your attorney’s fees as well as pay out the claim to the injured party. As a lawsuit can become costly in a hurry, it’s to your advantage to select the highest amount of liability coverage available.
How to Ensure You’re Getting the Best Deal on Your Property Insurance
You’re not alone if you feel confused and overwhelmed by insurance requirements when you purchase your first house. It’s best to take your time and contact several companies to compare cost and coverage limits before choosing the best one to meet your needs. In addition to liability coverage, here are some terms to look for when comparing policies:
You should understand each point of coverage the policy offers as well as the maximum dollar amount you can claim against it. As an insurance broker representing over 100 carriers, Alliance is happy to provide you with multiple options that best meet your needs and your budget.
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“Felicia was a wonderful agent and helpful at every time. I would highly recommend getting your insurance needs met here.”S. Miller – Jacksonville, FL
You were willing to take this bull by the horns and run with it when no one else was interested. You have no idea how HAPPY I am right now. I have been fighting this battle for over a month and you came through. You diffidently will be my first contact for any future insurance needs and I WILL refer my friends to you.”Dennis A. – Tampa
Alliance and Associates saved me hundreds on my Workers Comp, General Liability, Group Health and Commercial Auto and Insurance needs. Thanks Alliance. I will be recommending you to all my friends.Tory H. – Orlando
My Agent at Alliance and Associates shopped all the Auto and Home Insurance companies to see who gave me the best rate and plan. Alliance’s agents are knowledgeable and very polite. I will put all my insurance’s with Alliance. Thanks for the savings!”John H. – Jacksonville
Alliance and Associates is the place to shop for all your insurance needs. I packaged my home and auto together and saved over $300 a year. My agent shopped around and got me the best rate. I would recommend everyone to use Alliance and Associates for finding the best insurance rates.Mary S. – Tampa, FL
I just saved over $400 on my Homeowners Insurance Florida with Alliance and Associates. My agent was very helpful, got me discounts I did not even know about and shopped all the carriers to make sure I was getting the best deal. Thanks Alliance! I will recommend you to everyone.Joan P. – Orlando, FL
You all have access to the most companies and got us the best price on our coverage.Jay Johnston, Jacksonville, Fl