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Auto Insurance Insurance Coverage

Homeowners Insurance Helps Protect Your Valuable Asset

For many people, a home is their most valuable asset. It is important to invest in home value protection. There are a few things to consider when protecting this asset with a homeowner’s insurance policy.

Exterior Structures

As seen on https://www.haughn.com, property coverage helps you recover losses associated with covered incidents such as fire. However, this extends beyond the actual home to include exterior structures. Some homes have detached garages, workshops, toolsheds, pools and guest houses. Include these exterior structures in your home’s value, so they are covered should something happen to them.

Homeowner Liability

When someone steps onto your property, you have increased liabilities should something happen to them. They can sue you to cover their medical payments. A lawsuit can result in a huge financial loss without adequate insurance to help cover those costs.

Unexpected Expenses

While many homeowners worry about replacing or repairing damage caused by a disaster, there are additional items that can strap homeowners. For example, damage to the home can result in the home being unusable for months. Paying for temporary lodging can get expensive.

Home value protection is more than simply covering the purchase price of the home. When evaluating your homeowner’s insurance policy, be sure to ask about additional coverage options. Carefully consider all items on the property worth value in your policy.

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Auto Insurance

Determining Cost of an Auto Insurance Policy

Being in the market for a new car can be an exciting time. You do your research, then visit the showroom and hopefully drive away with your vehicle of choice. Inevitably during this process cost becomes a factor in the decision. However, the focus is usually on the price of the vehicle and not the total cost of ownership. This can include things such as maintenance and repair costs, as well as your auto insurance policy.

What Matters to an Insurance Carrier?

The knowledgeable experts at Allegiant Insurance Services have put together an auto insurance checklist that can help understand what factors into the price of coverage. Include these items in your vehicle research so you can have a better idea of what overall monthly cost may be:

  • Sticker price – Typically the higher value a car has, the more it will cost to insure.
  • Repair cost – Some makes and models have greater parts prices, and others require specialized repair services. Each can play a role in premiums.
  • Safety – Vehicles with a history of injury reduction in accidents can cost less to insure. Additionally, discounts are often given for passive and active safety systems that are present.
  • Probability of theft – If your car is stolen, insurance covers this. Therefore, if your new car is traditionally a hot item among thieves, then you may end up paying more.