When you hear or read about the purchase of dwellers insurance, your mind goes to the homeowner’s policy in the mortgage contract. In the real sense, dwellers insurance is very important and beneficial to you as a homeowner. Lacking a homeowner’s insurance can cost you your life savings and income because of unexpected expenses. To help you understand the essence of homeowner insurance, we will explain its role in a homeowner’s life. We have also listed five reasons to purchase it and make it one of your life’s largest financial investments.
What is Dwellers Insurance?
Dwellers insurance, also known as the Homeowner’s insurance, is financial security invested in your house and property in case of damage and loss from an external attack. You can suffer from external attacks like floods, earthquakes, fires, and theft. At All Risk Insurance Group, we provide three types of dwellers insurance in Boca Raton:
• Comprehensive Home Insurance
• Structure Insurance
• Content Insurance
Reasons Why you should have Dwellers Insurance:
1. It Covers your Property’s Damage and Loss
Homeowner insurance is just as important as life and health insurance. Do not assume that your landlord’s insurance covers your property’s damage and loss because it only covers the building. You can recover from property losses such as clothes, electronics, and furniture through the Dwellers insurance.
2. It is a Requirement before Renting a House
These days landlords require tenants to have their own Dwellers insurance and present the proof before renting a house. The landlord’s insurance covers the building and the grounds only, not your house. In this way, it raises some responsibilities for the landlord. If you need assistance finding the best insurance cover, you can contact us and we will let you know all about dwellers insurance in Boca Raton.
3. It is Cheaper
According to the National Association of Insurance Commissioners (NAIC), the average Dwellers insurance is $180 per year. Cheap, right? It doesn’t end there, though, because there are a lot of factors that determine the actual cost. The factors include where you live, the type of coverage chosen, and the amount deductible in your salary.
4. It May Cover Additional Living Expenses
Perhaps your house is uninhabitable because of its incurred damages, and you have nowhere to live. The Dwellers insurance has an additional living expense cover that temporarily provides you with food and costs of where you will live. You should check with your insurance policy to see how long they provide the additional living expenses.
5. It Provides Liability Coverage
Liability coverage is part of the Dwellers insurance that protects you or someone else injured at your home. The external attacks may cause serious injuries resulting in high medical bills. The role of liability coverage is to protect you from lawsuits that may arise when someone is injured on your premises.
Get the Best Insurance Policy for You and Your Loved Ones
At All Risk Insurance Group, we provide the best insurance policies for you and your family. We have a team of friendly and round-the-clock insurance agents ready to answer your questions and inquiries.
Our services are available in South Florida at Delray Beach, West Palm Beach, Fort Lauderdale, and Boca Raton. Contact us or visit our offices today.