Homeowners Insurance is a category of insurance designed to protect you and your home.
Let’s reflect together– after a long day at work, or arriving from a trip, or even at the end of a long day at the beach, where do you want to go? HOME!
Our home is our refuge and the place where we rest and recharge. It’s probably the biggest investment you’ve ever made or will ever make. It’s the equity you’ve invested and will continue to invest in with your fair share of blood, sweat and tears.
Hours of work, years of savings and sacrifices and a lot of anxiety all for the dream of owning a home. With all that considered, have you ever wondered what would happen to this prized possession of yours in the event of a sudden tragedy? For a low monthly cost, you can purchase a Homeowners Insurance policy and put an end to these worries, or at least this one! 😉
So you’re probably already convinced you want to protect your asset, right?
It is very important that you understand exactly what is covered, how each item will be insured, and what will need specific coverage.
This type of insurance has some variations and there is always an option that fits your particular situation. All contracts will come with the following coverage:
There are different types of policies for each situation. All policies with liability and coverage for personal belongings are identical. However, property coverage may vary as needed.
While the standard Homeowners Insurance insures the entire property, there is the HO-6 coverage that is designed for those who live in a building, insuring only what is inside the house. Talk to a BRZ consultant and find the ideal coverage for you.
Your Homeowners Insurance policy exists to ensure the safety and maintenance of the life you have built for yourself, protecting:
Understand how it works:
Bear in mind that insurance for renters (HO-4) will only insure the “contents” of the house and condo insurance (HO-6) only the unit, not the entire building.
Buildings within the property, whether or not attached to the house, are included in the policy. Structures used for commercial and rental purposes are not covered.
Protect the goods that are in your home or anywhere in the world! This type of coverage protects against damage, theft or even loss. In other words, if a pipe bursts and your television is ruined, your notebook is stolen in the restaurant or if you lose your cell phone on a trip, you are safe!
However, this insurance also covers damage to the belongings of third parties. For example, if something happens to personal items of a visitor or domestic worker who is in your house, this type of insurance will also help you.
|Important note: to cover out-of-home items, they must be listed on the policy and the loss will be covered up to 10% of the coverage limit.|
This rule does not apply if:
Some items are specifically excluded from coverage:
There is coverage for every little thing you hold dear! Explain your situation with BRZ, and we will find the solution for you.
If something happens to your home and it becomes uninhabitable, whether due to an accident or damage caused by natural phenomena, the insurance can save you in three situations:
Liability insurance protects you from lawsuits in case of bodily injury or material damage that may happen inside your home.
It covers everything from attorney fees to medical expenses and bills. Expenses that can come out of your pocket if you don’t have liability insurance can create quite the hole in your budget.
Policies usually include:
Valuables: High value items like jewelry, antiques, and collectibles may need additional coverage.
Home Business: If you run a business from your home, some equipment, inventory and important documents will not be covered under your home insurance. You will need specific insurance to protect your business.
Motor vehicles: Even though it is your property, the motor vehicle is not insured even if it is parked in your home garage.
However, your belongings inside the car are usually covered, even if they are stolen from inside the car while you are on the street.
Unregistered Items: If you cannot prove possession of an item or its value, you will not receive a refund. This is why it is best to always keep your receipts and take pictures of your belongings… Just in case.
Natural Disasters: Floods, erosions and earthquakes are rarely covered by general policies. If you are living in a place where these phenomena are likely to occur, ask for an additional policy.
Are you ready? Now you know everything you need to know to make an informed decision when it comes to purchasing your Homeowners Insurance. Do you have any questions? Give us a call!
Now that you know everything you need to know about Homeowners insurance, if you want to delve deeper into the subject, just enter our Home Insurance category.
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We are an insurance company made by people for people. A community that speaks tyour language, with people who care about your future! Here you can find all the protection and care that a home offers. Come and join us!
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