Introduction to Homeowners Insurance


The largest single investment most consumers make is in their home. In order to best protect your family, your home, and your possessions, it is wise to take the initiative to fully understand your homeowners insurance policy. While it is difficult to predict future loss, you can minimize the impact of loss on yourself and your family by spending the time necessary to familiarize yourself with your policy and how it specifically addresses your needs in the event of a loss.

Homeowners insurance is a package policy consisting of different types of coverage for the house, its contents, additional living expenses, personal liability claims against the policyholder and other members of the household, and medical payments to others. The policyholder pays a single premium amount for the combination of coverage listed in the policy.

When you purchase insurance, it is important to remember to shop for insurance in the same way that you shop for any other consumer product. Take the lead in shopping for and understanding your insurance policy. Make sure to compare prices, policy coverage and conditions, and complaint information. Also, research the coverage options that are available to you. Don't rely only on the word of someone else, including an insurance agent or broker, as to what is the "best coverage" for you. When you use Provident Plus, you will get all the comparative information you need to make a good decision, and we will the spend time to discuss your needs and how specific insurance coverage can best meet your needs. It is then wise to compare policies on your own to help determine the best product for you, and Provident Plus arms you with the information you need to do so.

Always try to plan ahead when you need to purchase insurance. Allow the proper amount of time to make an informed decision. Never make important decisions on the spot without getting the kind of research that Provident Plus provides first. Remember, this is your home, not the insurance agent's or lender's. You should always take the lead in deciding what sort of insurance to buy and how much insurance you need.