People in Naples, FL get home insurance from Pro America Insurance for the same reasons that they get car insurance. If the home gets damaged or if someone gets injured on the property, the insurance will assist with the financial consequences. Home insurance is typically two different kinds of protection – liability insurance and hazard insurance.
Liability
This type of insurance will cover any personal liability for accidents that occur on the property. If your neighbor happens to trip on a water hose in your yard and breaks a hip, the liability insurance will pay for the medical expenses incurred, up to the limit of the policy.
Hazard
Hazard insurance will protect you against unintentional destruction or damage to your home and its contents. This can include damage from things like:
• Fire
• Theft
• Storms
• Vandalism
• And more.
It can be used to cover the replacement value or the cash value. The replacement value will pay enough to replace what has been lost while cash value will pay as much as the property is worth. For example, the cash value for a $1,000 TV that is 5 years old will not be $1,000, because of the fact that things tend to depreciate with age, and this makes it worth less to the eyes of the insurer.
Mortgage
If you have taken out a mortgage on your home, you will need to have home insurance as a requirement for the mortgage. This is because the house will be used as collateral. Because of this, the lender will require you to purchase a minimum of hazard insurance, although you can buy more than that if you like.
If you are a home owner in the Naples, FL area and looking to either get home insurance or lower your rates, check out Pro America Insurance today.
