Best Homeowners Insurance Agencies in Van Nuys

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.
  

• Can you see the specifics of your Van Nuys homes insurance policy on a declaration page?

  The declaration page gives you a fast overview of the contents of your Van Nuys homeowners insurance policy, but it frequently leaves out important details like special exclusions or policy endorsements. To learn everything there is to know about your coverages, examine the entirety of your policy documentation.

• Do Van Nuys homeowners policies cover losses due to fires in chimneys?

  Most Van Nuys typical homeowners insurance policies do not cover preventable problems, so whether you're protected in the case of a chimney fire depends on how well-maintained your chimney has been. If you've been maintaining your chimney by cleaning it frequently and taking care of any typical wear and tear from usage, you'll probably be covered in the event of an accidental fire.

• What isn't covered by Van Nuys homes insurance when it comes to swimming pools?

  Swimming pool damage resulting from an excluded risk, such as flood and earthquake, is not covered by a homeowners insurance policy in Van Nuys. Additionally, the insurance company will not pay out for damages if the structure was harmed by careless maintenance or normal wear and tear, or if the insured maliciously damaged the pool.

• Why should you not make a house insurance claim in Van Nuys if the harm done to your property is minor?

  If the damage to your property is minor, you shouldn't make a house insurance claim in Van Nuys since any claim, even one that is extremely tiny, may result in an increase in your home insurance rate. Avoid filing claims with repair prices that are below and only marginally above your deductible because your insurance won't cover much of the expense, and you run the risk of seeing your premium go up.

• Are you required to purchase home insurance in Van Nuys?

  It is not required by law in California to have homeowners insurance in Van Nuys. However, if you are still making payments on a home equity loan or mortgage, your lenders will demand you to have home insurance coverage. This is because your home is used as collateral for these loans, so the lender has a stake in making sure the property is adequately insured against loss or damage.

• 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.