Home Insurance Quotes

Compare Home Insurance Quotes for the Best Rates

For many Americans, owning a home is an essential part of the American dream! According Suze Orman, “ a home is a keystone of wealth- both financial affluence and emotional security”.

A home is where a family and friends weave commemorative bonds that will last a lifetime. For many, the journey to being a homeowner is besetby strenuous financial sacrifices with some even devoting their entire life savings to its purchase or construction. Others would commit to punishing mortgage terms just to realize the dream. The financial wizards behing MoneyWizard.co can help you protect your investment by getting you the best home insurance in the marketplace. 

Get the Best Home Insurance Rates

An investment of such enormous financial and social significance should never go unprotected. Gettingt a home insurance policy to safeguard your property after completing your purchase or construction is an easy decision. After all, good homeowners insurance policy will give you peace of mind as you go about your business in these uncertain economic and political times. 

But the real difficulty is choosing the ideal homeowners insurance plan for your property. ! By comparing the terms and quotes from various insurance companies in the market, the wizards behind MoneyWizard.co will help you secure the best home insurance rates. Simply enter your zip code and we will help you get quotes from the most reliable insurance companies. So easy—it’s almost magical!

Types of Home Insurance

Home insurance is a form of property insurance that encompasses various types of coverage including:

  • Dwelling coverage

Dwelling coverage is the part of a homeowners insurance policy that may help pay the cost of rebuilding your home in case of accidental damage resulting from perils like fire, vandalism, hail, and theft among others.  This plan can help you repair your home in the event of partial damage or cover the total cost of constructing a new home in case of a total loss.

  • Personal property coverage

Also referred to as content coverage, this policy protects the personal belongings in your home against loss or damage resulting from covered incidents like burglary, fire, and vandalism among others.

  • Other structures coverage

This insurance plan covers other detached structures within the home like your garage, pool, or fence.

  • Additional living expenses coverage

In the event that your home is rendered unlivable due to a covered incident, this plan will take care of the cost of temporary accommodation.

  • Personal liability coverage

This coverage protects you from liabilities incurred in the event an accident, in or out of your home, that results in bodily injury or property damage for which you are held legally responsible. Personal liability will cover the costs of medical bills, as well as your legal defense fees, up to the limit of your liability coverage.

  • Medical payments coverage

This coverage protects you from medical expenses incurred as a result of a guest injured accidentally in your home. 

  • Flood insurance

This insurance plan protects your home from flood-related losses and damages.

Benefits of Home Insurance

Your home is likely your most valuable asset and insurance will help protect it from fire, lightning, explosion, smoke, weather, vandalism, and theft.. Insurance may also cover living expenses if your home is damaged so much as to be uninhabitable.Here is why you need home insurance:

  • To help you land on your feet and recover after an incident that partially or completely destroys your home. 
  • To cover the medical expenses of your guests incurred from an accident at your home.
  • To cover temporary living expenses incurred when your home becomes inhabitable as a result of an insured risk.

Home Insurance FAQ

Why do I need home insurance?

You likely put in a lot of sweat equity and made significant sacrifices to own your home.. What happens in the event that your home is destroyed in a fire? What do you do when a guest is accidentally injured in your home—or thieves break in and steal your possessions? Have you thought about the possibility of flooding and the resultant cost of temporary accommodation? 

A home insurance policy can help protect you from these uncertainties—and a host of many others. It will give you the much-deserved peace of mind, an assurance that you won’t be starting again from scratch to rebuild a damaged home Although home insurance is not compulsory, it is worth having in the event of the unthinkable s. Just call upon the wizards at MoneyWizard.co to help you unlock the best providers! 

How much is home insurance?

Insurance companies use different algorithms to determine the cost of home insurance. Among the basic factors that influence the cost of home insurance in the US are the statein which you reside, your neighborhood, the general condition of your home, your credit score, marital status, insurance provider—and many others. The fact that companies use varying formulas to calculate their rates makes it extremely important to shop around for the market’s best quotes . The wizards behind MoneyWizard.co will help you compare available options and recommend ideal plans suitable for your needs. It’s almost magical —  you simply need to provide your zip Code and wait for aseasoned agents and insurance experts to work their magic.

What does home insurance cover?

A home insurance policy covers a myriad number of risks including: 

  • Losses and damages to your home (interior and exterior structures).
  • Loss or damage of personal belongings in the house resulting from risks insured against.
  • Injury to residents and guests that occurs while they are on the property. 
  • Cost of temporary accommodation while the house is being repaired or rebuilt.

The risks range from burglary to theft, hail, fire, floods, and hurricanes among several other disasters. 

Can I change home insurance at any time?

Homeowners reserve the right to switch their home insurance at any time when they discover a better offereven if their current policy is still in effect. In fact, it is wise for homeowners to review their insurance policies regularly to avoid missing out on better offerings. Give the wizards at MoneyWizard.co a call any time you;rein the market for new home insurance—or whenever you are planning to switch providers.

Do home insurance claims follow you?

Home insurance claims are kept on the national property claim database for ~5–7 years. Your claims record is vital when you are shopping for a new policy or whenever you want to switch providers.

Does home insurance cover mortgage payments?

Unfortunately, your home insurance policy is a separate agreement from your mortgage loan deal. However, there are policies in the market that will take care of your mortgage payments in case of illness or when you lose your job.

If there is anything else that you would like to know about Medicare coverage, feel free to contact us for tailored information.

Does homeowners insurance cover theft and break-ins?

In most homeowners insurance policies, including renters insurance, theft loss claims are covered under the personal property protection clause. A staple of home insurance, this stipulation reimburses you for break-ins and stolen valuables in either your home or detached facilities. Learn more here.

Can purchasing a home security system decrease my homeowners insurance?

The short answer is yes. Installing a home security system will reduce the amount of money you pay each month for your homeowners’ insurance. However, the amount of the discount you’ll receive by installing a security system depends on a number of different factors, including which type of system you install and which company you have your homeowners’ insurance with. Learn more here.