Wednesday, April 21, 2010
Homeowners Insurance Exclusions - Workers Compensation
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If you are putting an addition on to your home, making repairs, or having any type of work at all done on your home by outside, hired contractors, one thing that's missing from your standard homeowners policy is workers compensation. Most larger contractors carry workers compensation insurance for their employees but if you hire a smaller company or even individual handyman to do some work on your home and they do not carry it, you could be held liable if someone gets injured while working on your home.
There is a additional coverage you can purchase if the workers you hire are uninsured. It is called contingent workers compensation. If you carry this homeowners coverage option, you will not be held liable if some uninsured worker gets hurt while working on your property. Instead, the insurance company will cover the medical expenses and lost wages that the worker faces. If you don't have the coverage, you would be legally responsible to pay everything that a workers compensation insurance provider would cover.
So, who should buy this additional policy? Anyone who has a decent amount of money and/or value in the home, and is hiring uninsured workers to work on their property. If you are in a poor financial situation, this coverage may not be necessary because you can only be sued for what you are able to pay. This is, of course, open to all kinds of interpretation so if you are in doubt, purchase the coverage. It's not that expensive and it can save you tons if something were to happen.
Article Source: http://EzineArticles.com/?expert=Jennifer_Lynn_Hanson
Labels: exclusions workers, homeowners insurance, insurance exclusions, workers compensation
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Friday, April 16, 2010
Where to Get Affordable Homeowner's Insurance Coverage
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Labels: affordable homeowner's insurance, get affordable, homeowner's insurance, insurance coverage
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Saturday, April 10, 2010
How To Find The Top Home Owner Insurance Company
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Labels: home owner insurance company, homeowners insurance, top home owner insurance
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Wednesday, April 7, 2010
Protecting your asset with the cheapest homeowners insurance
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While the media and Press are always advertising for affordable and cheapest homeowners insurance, it is a difficult task in reality to get one if you don’t have the elementary knowledge of homeowners insurance. The most important issue is to know from where to start. Here are some guidelines to look for the cheapest homeowners insurance.
How to shop around for cheap home owners insurance? Your search for a cheap home owner insurance does not need a lot of time or numerous phone calls- you can just do it with the help of your PC.
While using internet, search for homeowners insurance quote because it is free and at the same time speedy and you don’t need to talk to anyone, hence it is time saving. You can use Internet 24 hours a day and 7 days a week. With online homeowners insurance quote you can get discount from your insurer because there is less administration to do for the insurer. So you can get a discount of 10%- 15%.
You should collect at least three home insurance quotes to ensure that you find the right policy at the best price.
You can get some discount without help of any insurance agent as some home insurance companies provide discount on the basis of your home security system. So by installing home security equipment( from the insurance company’s associates) like home video camera, fire alert, burglar alarm, carbon monoxide detector and smoke detector you can get discount up to 10%.
Many insurance companies offer you discount if every member of your family is non-smoker because main cause behind home fire is smoking.
Age group also plays a role in getting discount. If you belong to “62 or 62+” age group then you can apply for a discount of 10%-12%, as some companies provide discount for senior citizens.
While comparing the quotes always keep an eye on coverage offered by the policies and then make the investment .
ABOUT THE AUTHOR:
We have made the most comprehensive research on homeowners insurance . Find the results on the online homeowners insurance quote guide . All about home insurance on http://www.house-insurance-guide.net
Labels: cheapest asset insurance, homeowners insurance, protecting your insurance
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