Cheap Homeowners Insurance in FL, TX & TN (HO1, HO2, HO3, HO5, HO8)
Don’t forget that water damage is one of the biggest insurance claims. Plumbing-related water damage accounts for 27% of homeowner claims filed each year. However, HOB provides additional perils as water damage protection that an HO3 does not provide.
If you have a mortgage on your property, your lender will require you to have insurance until the loan is paid off, as part of the loan agreement.
What We Will Cover
Some insurers offer discounts to homeowners in older homes who upgrade outdated roofs, walls, heating, electrical, or plumbing systems. Also, you may get a discount if you bundle your home and car insurance policy. You can get an affordable rate if you also have a vehicle policy or other insurance types with us.
If you own your home, you should consider one of the following policies – HO1, HO2, HO3, HO5, and HO8. If you live in a mobile home, then you should consider getting a mobile home insurance policy (HO7). You may need renters insurance if you rent a house, apartment, condo or mobile home. If you rent the property, then the right policy for you is an HO4.
What Perils Are Covered By Homeowners Insurance?
Some of the perils covered by the HO3 policy are Dwelling coverage, Other structures, Personal property, Loss of use, Fire, Personal Liability, and Medical payments to others.
What Perils Are Not Covered By Homeowners Insurance?
Some of the perils explicitly excluded by HO3 are war, government action, nuclear hazard, wear and tear, earthquake, landslide, water damage, and flooding damages.
Why You Should Get Homeowners Insurance From Us?
At Insurance Direct we shop multiple carriers to find you the best homeowner’s insurance rates in Florida, Texas & Tennessee that will save you time and money. Protect your property, house, home, and assets with cheap homeowners insurance. Get a free home insurance quote now and get financial protection against disasters.
Types of Property Insurance Policies
There are eight different types of homeowners insurance, each with their own specific coverage types.