Best Homeowners Insurance Agencies in Los Angeles

Frequently Asked Questions

• Introduction

  Homeowners' insurance is a type of property insurance used by private property owners to protect their home and property from a range of risks and liabilities. It is also called home insurance.
  

  
  

  All homeowners' insurance policies cover the primary home on a property, meaning that most damage from weather, accidents, vandalism, and other events will be at least partially paid for by the insurance company. Many policies also include coverage for other structures, personal property, and some premises liability.

  
  

  It is not required by law that a homeowner purchases insurance for their property. However, if you have a mortgage, the lender will usually make purchasing a homeowners' policy a mandatory part of the loan process. Since the mortgage lender is essentially selling you the home, they require you to protect the investment.
  

• What types of coverage are included in a standard homeowners insurance policy in Los Angeles?

  Generally, a standard homeowner's insurance in Los Angeles will have dwelling coverage, which pays you when your home gets damaged during a fire, hail, or windstorm. Other standard coverages are 'other structures,' which cover adjacent structures to your home, and personal property, which covers your personal belongings. You may also have personal liability coverage and loss of use coverage under your standard homeowner's insurance.

• Will my homeowners insurance cover earthquake damage in Los Angeles?

  Your standard homeowner's insurance will not cover damage incurred from earthquakes in Los Angeles. You need to acquire separate earthquake insurance for your home if you want to protect your investment in the event of an earthquake. Do note that earthquake insurance will not provide you with absolute coverage as it does not intend to replace everything in your home but rather put a roof over your head.

• What are the most common issues that arise in homeowner insurance coverage after a disaster in Los Angeles?

  The most common issues that may arise when you file for claims are not having enough coverage and a delayed payment of your claims. You may also encounter undervalued estimates of your damage. Having to deal with a damaged home is one of the most stressful events you may face after a disaster in Los Angeles.

• Will your homeowners insurance cover any slip-and-fall accidents inside your home in Los Angeles?

  Your homeowners insurance may cover a slip-and-fall accident that occurs inside your home in Los Angeles, but it depends on whether the homeowner was negligent and whether the policy was in place at the time of the accident. Although personal liability coverage is usually covered in a homeowners insurance policy, it is recommended to clarify this with your insurance provider.

• What is the difference between standard homeowners insurance and high-value homeowners insurance in Los Angeles?

  A standard homeowner's insurance policy in Los Angeles would typically cover the structure of your home, personal belongings, liability coverage, and, at times, your adjacent structures. A high-value homeowner's insurance policy offers broader protection for your property, such as a guaranteed replacement cost clause, and coverage for fine arts, jewelry, and high-end automobiles.

• What determines the price of homeowners insurance premium?

  The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.