Home Insurance
The Mini PolicyIn California, earthquakes are common and most people are known to buy earthquake insurance. This caused insurance companies in California to stop writing homeowners insurance policies. In California, the law requires companies offering homeowners' insurance to also offer earthquake insurance. With this difficult situation in hand, the legislature created what was called a Mini Policy. This policy provided the basic coverage required, that is, it offered coverage for damages to the home structure but it excluded coverage for costly non-essential items like the patio, garage, shed, swimming pools, and detached structures. This policy made earthquake insurance more affordable for homeowners and enabled insurance companies to meet the mandatory requirement of having to offer earthquake insurance and at the same time avoid catastrophic losses due to claims. The Mini Policy came in as a real life have because a home is a person's biggest asset and in an area which is prone to earthquakes, the mini-policy made earthquake insurance viable for home owners, because the cost of replacing or repairing damaged home structures can be very expensive.
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Home Insurance CenterWhy do you need Home Insurance?Read on to find out Why home insurance is as essential as other insurances. Tips for making claims on your insurance policy Few tips on how to make claims Tips for Insuring Your Home to ValueFew tips on how to get enough insurance coverage Tips on how to save money on home insuranceFind out how you can save money by taking home insurance How does your home insurance policy provide coverage for your home structure?General causes for which compensation is provided How does your policy pay out when you have to make a claim?The ways in which you can have your policy pay out Importance of annually checking-up on your home insurance coverageWhy and how to ensure your annual home insurance coverage is as required Do you need temporary living expenses and how does you home insurance policy provides for this?Read on to find out what home insurance policy covers In what way does a home insurance policy protect you?The ways in which your home insurance policy can protect you Understanding personal property coverage in home insuranceWhat personal property means and what this insurance covers What happens after you file a home insurance claim?Read on to know steps involved after you file the claim A look at how insurance companies calculate premium ratesFactors that determine how insurance companies calculate premiums for your insurance policy Insurance for Historic HomesRead on to find out why there is a separate category for historic homes About Mobile Home InsuranceWhat mobile home insurance is and why is it really needed Knowing more about Mobile Home InsuranceMore about mobile home insurance What you should look for before taking a mobile home insurance policy?Essential factors that determine steps for taking mobile home insurance Tips on what to look for when buying Condominium InsuranceEssential factors that determine steps for taking mobile home insurance Why do you need to take Condo Insurance?A unique insurance for Condominium houses About Earthquake InsuranceWhat earthquake insurance is and what all does it cover About Insurance from the CEAThe California Earthquake Authority's insurance Know about the CEAThe California Earthquake Authority The Mini PolicyThe policy that is an alternative to the Earthquake Policy Points to consider before taking up an earthquake insurance policySteps involved in taking up the earthquake insurance Tips for first time homebuyers who are buying insuranceTips for naive firsttime home insurance buyers Why do you need Earthquake Insurance?Factors dictating why home insurance is of utmost necessity How does prior history feature in a home’s insurance premium?Why prior history is important while taking up home insurance |
