Your home is more than just bricks and mortar, it’s a place of refuge, safety and your escape from the hustle and bustle of the everyday world. Home is where the things and people you love become the primary focus. At The Shepherd Group, we know how important your home is to you, and that’s why we go above and beyond to help our clients find insurance that will protect them and give them peace of mind.
How does Homeowners Insurance Protect me?
Fire, theft, damage from the elements like wind, rain and snow and accidents. . . these are the kinds of unfortunate events that could cause you to lose sleep at night. A homeowners policy will cover the damage to your home and contents should one of these events occur, thus making it easier for you to get that much needed rest! The personal liability portion of a homeowners policy provides coverage for personal injury to anyone on your property or visiting your home.
Each home insurance policy offers slightly different protection, however there are 3 standard types of policies as follows:
Comprehensive: This is the most inclusive policy as it covers both the building and the contents against “All Risks” except for what is specifically excluded on the policy.
Broad: This is similar to the comprehensive policy as it does provide coverage for “All Risks” however only on the building. The contents coverage is on a named perils basis and would only be covered against the risks that are listed on the policy.
Basic or Named Perils: As the name would suggest, this is a very basic policy and only provides coverage against risks that are specifically stated in the policy. Basically, if it’s not listed, it’s not covered. This type of policy can save you a bit more money on your premium, but offers much less coverage.
Any type of home insurance includes:
* Tenant Insurance
* Condo Insurance
* Rented Dwelling Insurance
* Seasonal Dwelling Insurance