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North Carolina Homeowners Insurance Coverage
Homeowners in Burlington, Graham, and Mebane, North Carolina can protect their home investment by obtaining a home insurance policy. Yet, this is also true for renters and those who need condo insurance, where they can purchase some type of home insurance policy to protect where they live – along with their finances.
Before purchasing coverage, owners and renters should familiarize themselves with the standard types of homeowners insurance policies:
- HO-1: Basic policy covering 10 perils.
- HO-2: Basic policy covering 16 perils.
- HO-3: Specialty policy that covers any perils, unless something is explicitly listed.
- HO-4: Policy for renters.
- HO-6: Specialty policy for co-ops and condominiums, which is usually provided for by the owner’s association.
- HO-8: Specialty policy for older homes.
Most home insurance policies cover a range of standard perils. This can include water, fire, theft, and damage that is caused by vehicles. Certain items such as floods would require special protection. This can be added onto a policy or purchased separately.
Property owners and renters should carefully consider what they need in a policy before purchasing one. Location can command a certain policy type, as well as specialty protection – such as a location that is vulnerable to floods.
A good first step is to contact an independent agency like Don Allred Insurance. This will enable to you compare home insurance policy quotes online from multiple top carriers, making things very convenient – and allowing you to save money. Additionally, an independent agency will be able to utilize their experience to provide you with great service and to answer all of your questions.
Take advantage of an independent agency like Don Allred Insurance. You can receive assistance finding the right level of coverage for your budget. The advice that you receive will help you make the right decision in terms of coverage, ultimately saving you money and protecting your investment.
