A detailed introduction to American family insurance

With the improvement of people's living standards, more and more people plan to immigrate to the United States, so what is home insurance? Next, let's take a look at the detailed introduction of American Home Insurance. Welcome to reading.

1. What is family insurance?

Family insurance can compensate for the losses caused by natural disasters, theft and man-made accidents. Most family insurance clauses will include the following four situations:

Structural damage to the house itself (house itself, fence, garage, driveway, swimming pool, etc.). Are included in this range).

Personal belongings in the house are lost (such as household appliances, indoor furniture, personal collections, etc.). )

Owner's liability insurance (used when the owner or visiting guests have an accident inside or outside the house)

Extra living expenses (extra living expenses incurred during the renovation of the house due to the owner's inability to use the house due to disaster)

2. What does family insurance cover?

When the structure of the building itself is damaged

When the house is damaged by various disasters, the insurance company will repair or rebuild your house according to the terms of the contract. The premise is that the types of disasters are within the scope listed in the insurance policy, and common disasters include fire, hurricane, hail, lightning or other disasters.

At the same time, most insurance policies also include structures separated from houses, such as garages, tool sheds or pavilions. Generally speaking, this branch accounts for about 65,438+00% of the coverage of housing structural insurance.

When personal property suffers losses,

If the owner's personal belongings such as furniture, clothes and sports equipment are damaged within the scope of insurance clauses due to fire, hurricane or other disasters, the insurance company will compensate. This part of the insured amount is fixed, and the insured amount is about 50%-70% of the insured amount of the damaged building structure. The best way to confirm whether personal belongings are covered by insurance is to register household belongings, take photos for backup and establish a list of household belongings.

Personal belongings include things stored outside the house, which means that you can try to apply for homeowner's insurance compensation when you carry things on business trips or store valuables elsewhere.

Valuables, such as jewelry, furs, artworks, collectibles and silverware, are covered by insurance. If they are stolen, you can claim compensation, but the amount of compensation is limited. In order to ensure that the claim amount is far lower than the value of such items after being stolen, it is suggested to purchase a separate insurance policy for valuables and make an official appraisal of the value of such items.

Family insurance also covers vegetation. Generally speaking, the claim amount is about $500 per piece. The death of trees and plants due to illness or poor maintenance is not covered by the claim.

Owner's liability insurance

Protect any third-party litigation liability caused by human negligence or natural disasters within the whole house (inside and outside the house). Therefore, if your son or daughter (even your dog) accidentally destroys an expensive carpet in the neighbor's house, the insurance company will pay for it. Within the maximum amount stipulated in the insurance policy, the expenses for your defense in court and any court ruling will be borne by the insurance company.

The limit of liability guarantee is generally around $654.38 million+. If you have important assets and want to get the amount of liability protection claims higher than the upper limit of the basic homeowner's policy, you can ask an insurance professional if it is necessary to buy a higher level of insurance. Excess liability insurance can provide wider coverage and higher liability claims. In fact, the premiums of 300,000 and 500,000 liability insurance are only tens of dollars a year, but they can give more protection to themselves and their families.

A common situation is that the snow on the sidewalk is not cleared in time on snowy days, causing others to fall. This part of the premium is very small, but it is very important to the owners. The recommended amount of protection is at least equivalent to the market value of the house. If you still feel that the protection is not enough, you can consider buying personal umbrella insurance.

Liability protection also includes some medical insurance. If your friend or neighbor is injured in the house, such as accidentally slipping, you can submit a medical bill to your insurance company and apply for compensation. But it does not include the medical expenses of your family or pets.

Extra living expenses

If you can't live in the house because of the disaster (the type of disaster is listed in the insurance policy), A Le will pay extra living expenses. It covers the hotel accommodation expenses, hotel meals and other expenses that exceed the daily living expenses when your house is being rebuilt.

Note: ALE in your homeowner's insurance will be limited. For example, ALE in some insurance policies has a time limit. At the same time, even if you use ALE, the insurance company will still pay the full cost of rebuilding the house until the policy limit is reached.

If part of your house is for rent, and your house is not damaged to the point where it needs to be rebuilt, ALE will also compensate you for the rent charged by the tenant.

3. What aspects are not covered by home insurance?

Extra protection

Such as earthquakes, wars, nuclear accidents, floods and so on. The standard home insurance usually excludes earthquakes and floods. Most insurance companies will provide separate earthquake insurance or flood insurance, and homeowners can choose to buy separately according to the local natural climate and environment. However, in California, the law clearly stipulates that insurance companies need to provide earthquake insurance business, and the premium depends on the possibility of earthquakes in the region.

Daily maintenance damage

Every homeowner is responsible for maintaining his home, so the insurance policy will not cover the loss caused by mold, termites or other pests due to lack of maintenance.

Backwater risk

Reverse water insurance is not included in the basic terms of home insurance. Friends in need, please remember to attach this clause to your home insurance. For residents near the river, installing a backflow valve can not only reduce the probability of encountering this risk, but also greatly reduce the premium of this clause for you.