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Q?
Why do I need homeowners insurance?
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A.
A home can require a tremendous investment of money, time and energy. Homeowner’s insurance is designed to protect that investment by insuring the actual structure or structures and the personal possessions in and around them, as well as providing liability protection for the residents. Most likely, if you have a mortgage on your home, you are required to carry homeowner’s insurance.
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Q?
Do I get a better premium if I package my auto and home together?
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A.
Yes, anytime you can place both with the same insurance plan you will save in premium due to discounts that can be offered.
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Q?
How do I determine what liability limits I should carry on my auto policy?
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A.
Different states vary in the minimal limit required but the decision is mainly determined by each individual and what fits their personal profile. Louisiana requires the minimum limit of 15/30/25.
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Q?
What damage to my house would not be covered under my homeowner policy?
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A.
It depends on the type policy you own. But in general, unless you buy additional coverage, you won’t be covered for flood, earthquakes, nuclear accidents, wars, intentional damage, and normal wear and tear. Other exclusions may apply.
