Whether you own the property that you live on or whether you are renting it short term, you need to have insurance coverage to guard against disasters and losses. There are so many misconceptions when it comes to homeowners policies. Your mortgage company requires you to have coverage, but do you know what is covered under your current policy? 

If your home needs to be rebuilt, will it be upgraded to the most up to date building codes or will these updates come out of your pocket?

A homeowners policy is for people who own their own home. This may be either a house or a condominium: Essentially, if you are making payments on the home with ownership as the end goal you will need homeowners insurance. This type of policy will cover both the outside of the home and all the contents of your home. It will cover the majority of natural disasters (certain disasters like earthquakes may be excluded but you may add extra coverage for that specific purpose) and will allow you to replace or rebuild damaged property. If your home is broken into by a thief and items are stolen your insurance will help replace stolen items and pay for any damage in terms of vandalism that the thief did.

With a renter's policy, the coverage includes the inner contents of the home, apartment, or room that you are renting. This is coverage for the break-ins, the natural disasters, fires, and other circumstances that are beyond your control. Even though your landlord will have a homeowners policy on the place you are living, it does not cover your own personal items as a renter, which is why renters insurance is essential.

You may be very surprised to see the range of prices you'll get in home insurance quotes. You can sometimes save hundreds of dollars, or even more, simply by choosing one company over another. However, it is important that you get quotes only from reliable top carriers. Chappell Insurance is the best resource for this since we can accumulate multiple quotes from the top carriers for you online. We will give you the power to compare all the best policy options conveniently at home!