Home Insurance
Price. Convenience. Empowerment …that’s what Home Insurance by Surex Direct is all about!
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Protect your house — and your possessions — with homeowners insurance from Surex Direct. For homeowners, insurance protection is an important aspect of homeownership
Surex Direct provides clients with options when purchasing affordable homeowners insurance. If you already know what kind of home insurance policy you need, get a home insurance quote today! Or, call us to find out more.
What is home insurance?
Homeowners insurance, or home insurance, compensates you for losses to your home and your possessions inside it, so purchasing a homeowners policy provides added security for your investment. Home insurance also protects you if you’re legally liable for someone’s injuries on your property, as well as from financial losses caused by storms, fire, theft and other events outlined in your policy.
To make shopping for the right homeowners insurance policy easier, take an inventory of what you own to decide what level of coverage makes you comfortable. Once you know your coverage level, get a homeowner’s insurance quote and choose the policy that’s right for you.
Home Insurance Coverage
Home Insurance Coverage — What Is Covered
Standard home insurance coverage policies provide the following types of coverage, up to the limits outlined in the policies:
- Dwelling — Pays for damage or destruction to your house and any unattached structures and buildings, such as fences, detached garages, and storage sheds.
- Personal Property — Covers the contents of your house, including furniture, clothing and appliances, if they are stolen, damaged, or destroyed.
- Liability — Protects you against financial loss if you are sued and found legally responsible for someone else’s injury or property damage.
- Medical Payments — Covers medical bills for people hurt on your property. Medical Payments coverage also pays for some injuries that may happen away from your home, such as if your dog bites someone.
- Loss of Use — Pays for additional living expenses if your home is too damaged to live in during repairs. Most standard home insurance coverage pays 10 to 20 percent of the amount of your dwelling coverage.
Am I required to have homeowners insurance if I own a home?
Unlike driving a car, you can legally own a home without homeowners insurance. However, if you finance your home with a mortgage, your lender most likely will require you to have home insurance coverage to protect your home in case of damage cause by unforeseen circumstances, such as fires or natural disasters.
If you purchase a condominium or co-op, your board may require you to buy condominium insurance or home insurance. Be sure to check with your board to see what type of policy is required.
After you pay off your mortgage, you aren’t required to have home insurance. However, you should keep your home insurance policy active to avoid risking what you’ve invested in your home.