Home Insurance: Everything You Need To Know

Posted by Casandra Properties on Monday, December 30th, 2019 at 5:44pm.

Home Insurance Casandra Properties

Owning a home can be a blessing. But upkeeping the interior and exterior of your home can become a bit of a headache. There are a lot of extras that come along with owning a house and neglecting certain parts of your home’s upkeep will cause more problems in the future. 

It’s important that you take the necessary measures to protect your home from disaster. If you are a homeowner, you are probably looking into homeowner’s protection. Companies such as Sanford Insurance center, offers a variety of different policies and covers. 

When shopping around for homeowner’s insurance it’s important that you know exactly what you are looking for and what different companies has to offer. Here follows a guide on everything you need to know about homeowner’s insurance. 

What is Homeowner’s Insurance?

Homeowners insurance is a kind of realty and property insurance that protects owners from any damages. Property insurance will help cover the costs of losses to the home and any assets that is attached to the home. 

Some property policies provide liability coverage for any accidents that happens on the property or inside the home. Homeowner’s policies can cover as little as your most prized possessions to as much as structure of the building.

Why Is Homeowner’s Insurance Important?

Chances are you’ve spent a lot of money on owning a home. Investing in a protection plan will give you the piece of mind by knowing that your belongings are safe. Having a backup in times of unforeseen crisis will be the difference between bankruptcy and living a stable life. 

The better coverage plan you take out the more chance your house is protected against a variety of different accidents. Ranging from theft, structural damages, and natural disasters. 

Rather safe than sorry when it comes to protecting your valuable assets and the safety of your family. 

For more reasons why you should consider getting a coverage policy read here: https://www.investopedia.com/articles/insurance/09/property-insurance.asp

Different Kinds of Coverage

Insurance policies differ from company to company. Sanford insurance center will provide you with different perks and coverage options than other protection companies. 

Here is a list of the most common coverage policies:


The simplest protection plan to take out on your home is the basic number one insurance policy that most companies offer. This policy doesn’t cost as much, but only offers coverage for limited events and accidents. 

The basic coverage plan usually covers fire caused by a malfunction, explosions caused by malfunction, weather such as hailstorms, lightning, and wind, asset loss through burglary or vandalism, and damages from vehicles or public riots. 

Most homeowners argue that obtaining the basic protection policy is enough to cover most losses. When you read the fine print on most of the basic policies set up by companies, you will realize that there are a lot of unforeseen damages that isn’t protected. 

There are many terms and conditions that apply to the basic protection plan which might not include all your belongings etc. Whether or not your property has a working alarm system, lockable gate, or security entrance, will all have an affect on how much coverage are paid out. 


Along with your basic coverage plan, a second or broader insurance policy will provide you with a few extra coverages. 

Extra cover will be provided for other damages to household items through any of the following events:

  • Damage to house structure because of snow, ice, or sleet
  • Objects falling
  • Pipes bursting, cracking, or tearing
  • Water damage from the bursting of pipes, water heater, or water tanks
  • Damage done by Air conditioner or in-house heating systems
  • Electrical malfunction damage
  • Damage to personal belongings due to the above mentioned

Especially if you are living in an area where weather changes drastically, or where your home can become covered in ice. It’s important to consider a second level option rather than just a basic coverage plan. 

Repairing damages, out of your own pocket, can become quite costly. Especially if you aren’t financially prepared. 

Read this to get a few tips on picking the right home insurance for your property.  

Home Insurance Casandra Properties


The comprehensive plan covers most damages to your home that was inflicted by unforeseen events, accidents, and theft. Typically, an all-inclusive coverage plan gives you the opportunity to set the limit of your coverage. 

When you own a condo, mobile home, or a rental apartment then the all-inclusive monthly installment will change. You can be very specific as to how much your personal assets are worth, to ensure the insurance company will be able to cover them in case of damage or loss. 

Homeowners who keep very expensive items inside their homes such as diamond jewelry, designer accessories, and expensive collectables, need to have a high-quality property insurance. 

When you don’t protect your home’s assets with a coverage policy, there will be no way in which you can recover those items. 

Make sure you double-check your policy to be aware of the few exclusions. Even the best coverage won’t be able to cover full costs of damages created by earthquakes, floods, tornadoes, or landslides. Read the fine print to be informed about what is included and what not.

What to Consider When Choosing a Policy

Most homeowners look at the monthly installment cost when it comes to choosing a coverage plan. This isn’t the only thing you should be considering. Usually, a low costing insurance plan will give you low coverage. It’s important to consider the following things when making your choice. 

  • The combined worth of your personal belongings and important assets inside your home
  • Chances of accidental damage that can happen by means of weather 
  • Location your home is situated in. Some areas are more prone to break-ins or vandalism than others
  • The building’s age: constructions that have been built decades ago are more prone to structural damage than newer buildings
  • Extra valuable items like sports cars, jewelry, technical appliances, and other advanced equipment
  • Are you covered for the smaller things like loss of house keys, outside buildings, garden damage, unfrozen foods, etc.? 


Having a home insurance is important to ensure financial support and security for your family. 

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