Home Insurance Philadelphia
Get Home Insurance in Philadelphia today
Home insurance evolved from Fire insurance. Many companies began to write home insurance after the great fire in Chicago. Fire Insurance covered homes lost or damaged in fire. It was a way to split the risk. But as the years went on, companies realized that there are many other perils that a homeowner is exposed to. Home insurance now covers Fire, theft, vandalism, weather related damage, liability and more. What homeowners does not cover is flood, intentional destruction, acts of war, riot and civil commotion. Freedom Insurance Group Inchttp://www.freedom4insurance.com/. offers home insurance in Philadelphia, and also condo insurance, renters insurance and Landlord policies. We conveniently serve Philadelphia, and the surrounding suburbs. Freedom Insurance Group Inc. represents over 10 A+ companies which enables us to offer competitive rates to those that live in Holland, PA Newtown, PA Richboro, PA Churchville, PA Feasterville, PA Warminster, PA Huntingdon Valley, PA or Ivyland, PA.
Most insurance policies will protect the dwelling, other structures, loss of use, contents replacement and personal liability. When purchasing home insurance in Philadelphia make sure that you know what type of policy you are getting. Not all policies carry the same coverage. An HO1 policy is much different than an HO3 policy.
When it’s time to choose a deductible, consider the following. The deductible is the amount that a homeowner must pay towards a claim. For example if you had $5000 in damage to your home due to a pipe freezing and have a $1000 deductible then the insurance company would pay $4000 towards your claim to fix your damages. The higher the deductible the less you pay on your homeowners insurance. Just keep in mind that if you do have a claim you will have to come up with the deductible when you make repairs. The best way to determine your deductible is to look at what you can afford to contribute if you were to have a claim or look at your savings. If you are in a financial position where you can afford to make necessary repairs, then its best to go with a higher deductible. You will still be protected if you have a total loss or a very large claim.