Greater Cincinnati Insurance Services provides insurance for the people of Cincinnati, OH, and the surrounding areas. If you have been on the fence about purchasing home insurance or you are not sure if you need it, then let us clear up some misconceptions by answering a few home insurance questions clients often ask.
Home Insurance Frequently Asked Questions
- What are some aspects that may affect my home insurance rates? The location of your home, the crime rates in the neighborhood, the proximity to a flood zone, the age of your home, the wiring in your home, and other aspects may or may not affect your home insurance. It is in your favor to make sure that you are protected from the likely issues in your area.
- Do I need home insurance? If you still have a mortgage, you are likely required to carry home insurance. If your home is paid off, you should still carry at least minimum liability home insurance. Your home is an asset that you can not afford to lose or allow to depreciate if something occurs.
- What if I need additional insurance? If there are particular circumstances, such as additional historical value, or property upgrades that do not reflect in the coverage, ask your insurance agent about the possibility of umbrella insurance add-ons.
Call us at Greater Cincinnati Insurance Services to discuss your home insurance needs. We will be happy to answer any additional questions you may have and provide you with insurance services. Contact us today in Cincinnati, OH, and the surrounding areas.
In Cincinnati, OH, the agents of Greater Cincinnati Insurance Services understand how important it is for their clients to protect their families as well as their belongings. Installing a home security system can help reduce their risk of loss and may actually lower their overall insurance premiums if all of the stipulations have been met.
Own or Rent
A person doesn’t have to own their home to install a home security system. Many do-it-yourself systems allow for professional monitoring which may be a requirement if you are trying to qualify for a discount on your monthly insurance premiums. Just because you are renting a home instead of owning it doesn’t mean your possessions are any less valuable. Having a home security system in place is especially beneficial if you are renting.
Reducing Your Risk
Installing the right home security system in your rental home will reduce your risk of theft, damage to your property, and injury to your family. Do-it-yourself systems are easily self-monitored and some of them even allow for a month to month monitoring without a contract. Systems vary widely in terms of features and devices so take a close look at each one before you make your final choice.
If you are renting a home in Cincinnati, OH and have questions about installing a home security system, call the agents of Greater Cincinnati Insurance Services and ask them what type of system is best suited for your needs. If the system you choose meets all of the requirements, you may be entitled to a discount on your monthly insurance premium. Visit their office to schedule a consultation at your earliest convenience.
Home insurance covers a lot in Cincinnati, OH, including some surprising things, but there are some items and events it won’t cover and for a good reason. An agent at Greater Cincinnati Insurance Services can help explain what is covered and not covered under a specific policy.
What is Excluded?
Not everything can be covered, and insurers have exclusions listed so they can stay away from covering various risks that they are not able to guarantee. Some risks aren’t insurable because they could affect many policyholders at once. An example of this would be war. If too many policyholders have the same claim, then the insurance company could not pay out. Some things are excluded from a policy because they are insured under another policy. For example, cars aren’t covered under a home insurance policy because there is separate auto coverage available. Some other risks can be excluded because the policyholder can control them. This could be things like damage to personal property that is caused by snow, ice, or rain.
A policyholder can take action to prevent their belongings from being damaged in these instances. Some risks shouldn’t be insured because they occur naturally. An example would be wear and tear. With proper maintenance, it’s possible to lower some of the wear and tear on items. Losses that are due to illegal activity won’t be covered. Insurance policies also won’t include events that are not accidental. The liability coverage of homeowners insurance won’t pay for any injuries that are inflicted on a third party on purpose. If this were the case, there would be plenty of claims and intentional harm. Some things are excluded from a normal home insurance policy but can be insured for an extra cost. Homes with pools, trampolines, or other risky items can get insurance at much higher premiums.
Contact Greater Cincinnati Insurance Services, serving Cincinnati, OH, to get a quote on home insurance.