1. As a home owner, am I required to have insurance? Yes, in most cases, especially if you have a lender. It's also wise to look into insurance if you are in the process of constructing your home and even renting your home to someone else.
2. What types of coverage does homeowner insurance provide? Two types casually, which covers the home and contents, and liability, which covers anyone who is injured on your property. With both types, the amount of coverage depends on the policy.
3. Will the replacement cost be the same as the sale price of my home? No. The replacement cost will cover the amount needed to replace the structure and/or contents. Replacement cost is usually calculated based on the individual policies formula. It's wise to take inventory and photographs of your home and contents.
4. Will homeowner insurance cover damage or theft outside of my home? It depends on the policy. Sometimes standard policies offer this kind of coverage, but if not, ask if purchasing the coverage at additional costs is an option.
5. Are home-based businesses covered under homeowner insurance? No, unless you qualify for an endorsement to your current homeowner insurance policy.
Protect what matters most to you with Orange, CA Car, Home, Health, Life & Business insurance. We offer the best combination of competitive rates, coverage and personal service in Orange.
Get a Fast Free Online Quote. We have great rates! Orange, CA Commercial Auto Insurance, Contractors Insurance& General Liability Insurance.