How the Hazard Insurance is different from Home Insurance
People very often get confused between hazard insurance and house insurance. In actual fact, hazard insurance in California is only a subdivision of a property holder’s insurance policy. There are similarly other subcategories, covering a variety of dangers that may happen to an insurance holder, his home or to the other members present in the building at the time of an unfortunate incident.
Is hazard insurance in California the same as home insurance?
Also recognized as, ‘dwelling-coverage’, hazard insurance covers the insured against losses in case the home is damaged or demolished by a danger that was mentioned in the contract. Whereas homeowners’ insurance in total insures several dangers, hazard insurance explicitly covers –
- The structures of the insurer’s home, for example, the walls, floors or the roof.
- The home’s built-in appliances or machinery, for instance, its drainage system or the water heater.
- Generally, best home insurance companies in California also offer coverage on other structures that are a part of the home, for example, a fountain, a statue or a garage.
A typical policy of home insurance in California includes coverage such as –
- Hazard insurance
- Personal property insurance
- Liability insurance
- Additional living expenses (ALE) coverage
Benefits of having hazard insurance in California
Annually since 2000, over 276,000 people have faced risks from primary and secondary natural-hazards. California as a state is highly prone to natural and man-made disasters. Be it a forest fire or an earthquake, the state is almost at a constant threat of facing such hazards. While the state offers a great standard of living, it comes hand in hand with risks such as these. Getting such insurance is an easy process; one simply has to look up for home insurance quotes online. Here are some of the benefits of getting a hazard insurance –
- Name Your Peril – Homeowners have the option of naming the perils that they want to get insured. The acquirer of the policy has two options – either he can insure only named perils or have an unnamed peril plan in place. Typical hazards included in standard hazard insurance in California are fire (including wildfires), explosions, hailstorms, volcanic eruptions, and the like.
- Hazard Insurance offers coverage that can help pay for substitute objects damaged or ruined by some types of hazards. This option is ideal as many a times personal possessions get destroyed in natural disasters.
- Investment – Instead of viewing as an added expense, homeowners should look at it as an opportunity to invest! It is a great method of collecting regular amounts every month. In case, something bad befalls the family of the insured, having hazard insurance will be the ideal cushion to fall on. The family won’t have to face the repercussions of being involved in such a great tragedy in terms of finance. It will also help in ensuring that savings accounts are not entirely wiped out in case of a tragedy.
Getting hazard insurance is a great way of securing the future of a family!
Promax Insurance Agency – The Best in Business
Dedicated to offering the best hazard insurance in California, Promax Insurance Agency has become a much-needed consultant for all of its clients. Bringing home the finest provisions for the clients, Promax Insurance Agency as an independent insurance agency guides its customers, shops around and negotiates to get the affordable and best home insurance policies. This service provider is currently operating in the following cities and counties – Aliso Viejo, Anaheim, Brea, Buena Park, Cerritos, Chino, Costa Mesa, Corona, Cypress, Dana Point, Fountain Valley, Fullerton, Fontana, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Long Beach, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Pomona, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Los Angeles, Riverside, Orange County, San Bernardino, San Diego, Sacramento, Sunnyvale, Santa Barbara, Santa Clara, San Luis Obispo, Fresno, Monterey, Whittier, Norwalk and Southern California.
