Best Homeowners Insurance Agencies in Riverview

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.
  

• If a tree on your neighbor's property in Riverview causes damage on your home, can you make a claim with your homeowners insurance company?

  If a tree on your neighbor's property in Riverview has caused damage to your home, you can make a claim with your homeowners insurance company. If you can demonstrate that your neighbor was careless and failed to take down a diseased or dead tree from their property, you can also file a claim against their homeowners insurance.

• Does the price of your homeowners insurance in Riverview increase as a result of attractive nuisances on your property?

  Due to the increased risk of accidents, attractive nuisances, such as swimming pools and trampolines, may increase the cost of your home insurance premiums in Riverview. An attractive nuisance refers to something that is harmful but also appealing to your property, especially to children. It's crucial to let your home's insurance carrier know about the presence of these items on your property because failing to do so could result in future claims being turned down.

• Do Riverview homeowners insurance policies normally cover rodent damage?

  Since rats are not regarded as a covered hazard, rodent damage is often not covered by homeowners insurance in Riverview. Furthermore, rodent infestation is regarded by homeowners insurance providers as a loss that may be avoided via regular maintenance, inspections, and preventative measures. In a similar fashion, termite or ant infestation damage is often not covered by home insurance policies in Riverview.

• Can Riverview homeowners insurance cover losses from Airbnbs?

  Depending on the exact underwriting policies of the provider, your homeowners insurance in Riverview may cover losses in Airbnb. However, you will probably need to buy a different insurance coverage especially made for home-sharing if you intend to rent out your property on Airbnb all year long. Usually, losses connected with properties used for commercial reasons are not covered by standard house insurance plans.

• Is jewelry theft covered by Riverview homeowners insurance?

  Jewelry theft is generally covered by Riverview homeowners insurance policies but only up to a specific amount. You should think about acquiring additional coverage through an affordable floater or an endorsement to adequately insure jewels, engagement rings, and other expensive valuables. In addition, insurance companies only pay for jewelry losses in cases of theft, so you might not be covered if you accidentally lose a piece of jewelry due to your own fault.

• 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.