Do You Know Your Home Owners Insurance Policy?

Property (family house) insurance protection concept. Property insurance claims. Representing policyholders in cases of property damage.

As a Licensed Public Adjuster in my practice I have come across many situations where after the family home have sustained damage from different kind of perils (water damage, fire damage, smog damage, vandalism & est.). Extend of the damage to the house is different in many cases but one thing I have notice from talking with homeowners that is same in almost every  case they have vague  idea what is covered under theirs Homeowners  Insurance Policy.
Typical answers  to general claim questions that I have got from homeowners:
Q. What type of insurance policy you have ?
A.How many Types is there?
Q . What is your deductible?
A. I don’t know.
Q.Do you know your coverage’s?
A. Let me find my policy. Where is the limits section?
And so on….
The homeowners insurance policies written by Insurance companies lawyers and to understand the all the details will take the long time and knowledge  of the laws and regulations. So I  will try in series of the posts to explain main coverage’s and what they mean to you the homeowner in case if you sustained property damage.
Types of Homeowners Policies:
HO1– Provides Basic Named Perils coverage for direct damage to the property, personal liability coverage , and medical payment to others coverage.
HO2- Provides Broad Named Perils coverage for direct damage to the property, personal liability coverage , and medical payment to others coverage
HO3- Provides All Risk Coverage coverage for direct damage to the property, personal liability coverage , and medical payment to others coverage, unscheduled personal property on and away from home and loss of use.
If you have any questions in regards of your homeowners policy Or have insurable damages to your property , please contact us at Toll Free : 800.397.0801, or Email: info@shiledclaims.com