Phone 732-238-3366| 732-238-3366
Statewide Emergency Restoration Services
Statewide Solutions
Statewide Solutions -
Monroe Township, NJ 08831-3770

Insurance Issues

Insurance Issues

When buying a home, almost all people get a homeowners insurance policy.

Usually, mortgage lenders require homeowners insurance in order to access a mortgage loan. This is because, in the event of a major disaster, lenders still want to be able to recover the value of the home if they ever end up taking possession of it in the future.

Although homeowners insurance adds a little extra to how much it costs to maintain a home, it is worth it. While protecting the lender’s interests, it also protects the homeowner’s. If an accident befalls the house, the damages may be covered by insurance.

What Kind of Situations Does Homeowners Insurance Cover?

In general, a homeowners insurance policy covers damage to the exterior of the house, including any part of its structure. The contents of the home are also covered, but many people invest in additional coverage to ensure that any especially expensive items are fully protected.

Homeowners insurance is useful and versatile. It helps to ensure that you can get a home back in livable condition after the unexpected strikes. Just about any kind of disaster you can name (within reason) is covered by this insurance.

Most homeowners policies cover:

  • Fire
  • Windstorms
  • Hail
  • Lightning
  • Theft
  • Vandalism

Policies do not necessarily cover:

  • Floods
  • Earthquakes
  • Deliberate acts of the homeowner

If you want to understand even more about how home insurance protects your property, you also can consider the individual components of the average policy. These indicate exactly what will be covered and are fairly standard across different insurance companies. They include:

  • Dwelling Coverage – Pays to repair or rebuild the home, including wiring, plumbing, heating and air conditioning.
  • Other Structures Coverage – Pays for various repairs to detached structures like sheds, garages and fences on the property.
  • Personal Property Coverage – Pays for personal items damaged or destroyed. Clothes, furniture, electronics and so on.
  • Loss of Use Coverage – Pays for expenses associated with moving out of your home temporarily during repairs if needed.
  • Liability Insurance – Pays for some costs related to court defenses in the event you are sued for injuries or damages.

Fire and Smoke Damage in Your Home Insurance Policy

Fire and smoke coverage are fundamental parts of home insurance coverage throughout the U.S., not just in New Jersey. If a fire causes damage to your home, you usually can rest assured that you will be able to get the necessary repairs covered without too much fuss.

Getting a professional estimate of repair costs is the first and most important step in making sure you can make a successful insurance claim. At Statewide Emergency Restoration Services, our courteous and knowledgeable experts will ensure you have all the information you need.

To find out more, contact us today.

© 2017, Statewide Emergency Restoration Services. All Rights Reserved.