When you purchase a new home, you have the option to include your home insurance premium in with your monthly mortgage payment. This is common as homeowners find it much easier to pay this premium each month. If you have chosen to do this, you may not think about your homeowner's insurance much. This is especially true if you never have any type of damage. You should still, however, learn about homeowner's insurance before something does happen. Below is information about two things you need to learn about to help you get started.
Some Dog Breeds Will Affect Your Insurance
If you want to purchase or rescue a dog, you should contact your insurance company first. This is because there are some dog breeds insurance companies will not cover if the dog damages property, injures someone, etc. These breeds are often not accepted because they are known to be dangerous, are too friendly so they would not stop an intruder, are too hyper, or are escape artists. Some of these breeds include:
- Saint Bernard
- Siberian husky
- Chow Chow
- Pit Bull
- Bull Mastiff
- Great Dane
Depending on the state you live in your insurance company could deny you insurance coverage completely while other states are not allowed to do this. Instead, your premiums will be much higher.
Home Remodeling Project May Not Be Covered
If you are planning to do a home remodeling project, such as installing a new inground swimming pool, adding a front porch, or adding an addition to your home, check with your homeowner's insurance company before you get started. This is because your remodeling project may not be automatically covered.
This is because your insurance company may require that you update your insurance policy to show the additions first. You and the insurance company will then decide if you will need protection during the project. If you do not do this and there is any damage to the new property, the insurance company may not cover the renovation.
Be upfront with your insurance company about exactly what you will be doing to ensure you get the proper coverage.
If you hire someone to do the remodeling project for you, make sure the builder, contractor, etc. has their own insurance. This will provide protection if the professional caused the damage to the project.
Talk with your insurance company about this information. The insurance company will also tell you other things you need to know about your homeowner's insurance. Visit a site like http://gateway-insurance.com for more help.