Home Owner & Renters Insurance
At Crystal Insurance we offer industry leading Homeowner’s Insurance policies at competitive prices for Washington DC and the the surrounding areas. We are committed to helping you find the right policy for you, at the right price.
Understanding the Basics of Homeowner’s Insurance
When buying a home, you are making a huge investment. To help with protecting it, you need to have homeowner’s insurance in place. If you have your home financed, the lender will mandate that you do have such insurance coverage in place. That way if the home is destroyed, there will be funds to cover what you still owe to them. Therefore, the amount of coverage needs to be enough to pay off the loan. Plus, you want to have enough coverage for the contents of your home.
When it comes to insurance coverage, you will find plenty of variables that affect the coverage and the cost of the policy. For example, in some parts of the country where flooding is common, you may assume that your policy would cover your home in the event of a flood. Yet that may not be the case if you don’t have a flood insurance rider attached to your main policy. There is also going to be a deductible on your policy. This is the amount of money you pay out of pocket for any claim you file before the insurance agency will pay out anything.
You can have the homeowner’s insurance added into your home mortgage payments in many instances. Then you only make one monthly payment that covers both the mortgage and that insurance. You can also pay it separately to another entity. Many insurance companies will offer you discounts if you have your vehicles insured with them as well as your home. You can also qualify for discounts if you have a security alarm, carbon dioxide detectors, and smoke alarms in place.
If you are a renter at this time, you should still consider renter’s insurance. The homeowner should have the dwelling insured; however, that likely won’t cover your personal property or contents that are in your unit. You can obtain renter’s insurance for a low cost to provide you with peace of mind.
Any investment property that you have should be covered with insurance, even if it is paid off. This includes your main home, a condominium you own, and even a vacation home. As a homeowner, you always want to be prepared for what can happen and to protect that investment. Your insurance can help you to recover from a burglary, fire, natural disaster, and many other scenarios.