Elements of homeowner’s insurance

Whether you own an apartment in Agoura Hills, a freestanding home in Camarillo, a villa in Malibu, a townhouse in Oxnard, a mansion in Ventura or row house in Westlake Village CA, you need homeowner’s insurance. The bank or lender will definitely make that a condition of your mortgage. Even if your mortgage is paid off you need to protect your financial interests and the best way do that is with homeowner’s insurance.

Jones & Maulding are independent local insurance agents who can help you with best value home insurance in Agoura Hills, Camarillo, Malibu, Oxnard, Ventura and Westlake Village CA. They understand the important components of homeowner’s insurance and can find the best policy for your coverage.

A standard home owner’s policy will typically have the following elements:

Dwelling: This part of the coverage will pay for repairs and construction work that will be required should your home be damaged by specified events. These events will include things such as fire, domestic flooding, accidents and so on. These events will be specified in your policy.

Content: You also have valuables in your home such as furniture, equipment and appliances. This part of your policy will cover the replacement or repair of damaged or stolen content. However certain high-ticket items such as collections, artwork and jewellery may need to be appraised and insured separately.

Separate structures: You may other structures and buildings on your property such as a pool, hardscape landscaping, outbuilding etc.

Alternative accommodation: You may need to stay somewhere else whilst your home is rebuilt.

Liability: Your homeowner’s insurance will cover your liabilities in the event that someone is injured or suffers damages whilst on your property.

It is important that your insurance covers the replacement value of your home, structures and content.