Hazard insurance does refer to coverage for certain hazards. In most instances, it is part of the coverage that’s provided by home owner’s insurance policy. This cover does provide protection for a broad number or dangers and perils. Some of these dangers include natural hazards as well as other perils as well. it is worth mentioning though that the hazards such a policy covers is quite extensive and may at times even include covering the possibility of accidental and sudden water damage from failure of home appliances.
Depending on your policy, a hazard insurance cover may include cover against Fire/Smoke, Lightening, Heavy Wind, Damage caused by vehicles, Falling objects, Hail, Explosion, Theft, Vandalism, Damage caused by the weight of ice, sleet or snow on your home, water damage from a household appliance, damage caused by water heater, in-home sprinkler system or air conditioner. The policy does also cover Damage caused by frozen pipes, civil riot or unrest and electrical surges.
When choosing your policy, it is important to keep in mind that all hazard insurance policies are not the same. In some instances, the changes may be federal or local government imposed and it is therefore very important that you carefully go through the policy document to ensure that the hazards that you want covered have been taken into consideration, never assume that everything has been included in the policy. If you are not so sure about what is covered in your policy, you should talk to your insurance agent and get some clarifications.
It is worth mentioning that a standard home insurance policy cannot protect the homeowner from Flood, Earthquake, Nuclear Accident and War. To protect yourself against such unforeseen and uncontrollable events, one should ask for a hazard insurance which depending on your insurance company, can cover all the aforementioned. In other areas, mostly coastal areas, a standard home insurance coverage may not cover damage caused by hail and windstorms and one should therefore take a hazard cover to protect your property. You should also confirm if windstorm damage is covered in your area.
Here are some of the most popular hazard insurance coverage providers readily available in the market. They include but are not limited to the following:
1) Nationwide Mutual Insurance Company
Mailing Address: One Nationwide Plaza, Columbus, Ohio 43215-2220
Types of Coverage: to ensure that you protect your home and loved ones, the company does offer home insurance coverage that’s dependable. They do offer clients other unique covers such as the Brand New Belongings Cover that helps replace your belongings with new items. They also offer clients flood insurance cover as well as dwelling coverage. The company also offers personal articles policy as well as identity restoration coverage.
2) State Farm Insurance Company
Mailing Address: One State Farm Plaza, Bloomington, IL 61710
Types of Coverage: apart from the homeowner’s insurance coverage which helps protect the home and property when disaster strikes, State Farm do also offer other insurance covers for other types of housing such as Farm and Ranch Insurance, Manufactured Home Insurance, Condominium Unit owners Insurance as well as Renters Insurance. Along with discounts and other premier service programs, the company does offer a number of additional protection policies to supplement this particular policy such as personal articles policy, home business insurance as well as identity restoration coverage.
Types of Coverage: it is also possible to purchase a wide array of optional home insurance covers such as guaranteed replacement cost which provides the most complete coverage for your home. Alternatively, you can also opt for the Inflation Guard Endorsement which automatically adjusts your home insurance limits during the policy period so that they are at eighty percent or more of your home’s replacement cost.
There is also the Scheduled Personal Property Endorsement Cover which is also referred to in certain quarters as a personal article floater. With this coverage, possessions such as antiques, furs, stamps, guns, jewelry etc are coverer. The policy is unique in that each article is detailed and itemized. There is also the Secondary Residence Premises Endorsement, The Theft Coverage Protection Endorsement as well as the Credit Card Forgery and Depositors Forgery Coverage amongst a long list of other available covers.
Brownsburg, Morro Bay, Iowa City, Elk City, Katy, Eagle Pass, Watertown, Richfield, Ocean Springs, Bloomsburg, Mission Viejo, Laurel, Mississippi, San Bernardino, Edgewater, Union City, Torrance, New Jersey, Hesperia, Portland, Greeneville, New Providence, Winter Park, Los Gatos, Hawaii, Corvallis, Des Moines, Martinsburg, Palos Hills, Saratoga Springs, Guam, Oxford, Bristol, Beatrice, Bellefontaine Neighbors, Smyrna, Cudahy, North Palm Beach, Alice, Westland, Compton, Shawnee, Virginia, Sumter, Vermont, Casselberry, St. Clair Shores, Avon Lake, Hazleton, Aliso Viejo, Covington, Riviera Beach, Lisle, Lake St. Louis, Greensburg, Kendallville, Indiana, Oak Lawn, Athens-Clarke County unified government (balance), Poway, Abilene, Moore, Bixby, Encinitas, Sunny Isles Beach, Yankton, Barstow, Los Lunas, West Springfield, Waycross, Oregon, Sycamore, Selma, Fairbanks, Norwalk, Apple Valley, Lindenwold, Chanhassen, Groves, West Haven, Delano, Valparaiso, Petersburg, Bensenville, Cedar Rapids, Westminster, Kentucky, Bedford Heights, Elko, St. Ann, Canby, Roselle, Easley, Delaware, Riverside, Lockport, Bothell, Moultrie, Minot