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A video that explains how to read and understand household policy



Watch the full video at https://youtu.be/-Bgheal3g3g [195659003] Your home is probably your most valuable asset, and a homeowner's insurance policy is an important part of protecting your home and belongings. If you have a mortgage on your home, your lender probably required that you get insurance that protects the lender's interest. Because it provides such broad coverage that includes both property, liability and employee compensation coverage for household employees, most homeowners will receive a homeowners policy if they expect to occupy the property. Even without a mortgage, homeowners insurance is still the best option to protect your home investment and your exposure to liability.

But do you even know what is in your insurance? Would you know your coverage in the event of an emergency? Are you underinsured? Are you overinsured?

About two-thirds of American homes are underinsured, according to estimates by Nationwide Insurance. Some homes are underinsured by up to 60 percent. And CoreLogic, an insurance research company, says that three out of five American homes are underinsured by an average of 20 percent. The homeowner should not wait until it becomes necessary to file a claim to find out if the homeowner is insured up to the home's actual cash value or its full compensation cost. If the homeowner, prior to a loss, determines that he or she is underinsured and liable to pay a lot of money on his or her own account, the homeowner will contact the insurance agent or broker who received the insurance on behalf of the insured to increase limits to an appropriate amount.

Despite the importance of this, many insureds do not take the time to properly review homeowners' policies. In order to ensure that a homeowner's policy provides the necessary coverage, it is necessary that the homeowner u understands the basics of homeowners' insurance. its personal property from certain hazards, such as wind, hail, fire damage and theft. It also offers liability protection that protects the insured's assets from claims, medical expenses and other damages if people are injured on the insured's property or as a result of the insured's behavior.


© 2020 – Barry Zalma

Barry Zalma, Esq., CFE, now limits his practice to serving as an insurance consultant specializing in insurance coverage, handling insurance claims, fraud and insurance fraud almost equally for insurers and policyholders. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance business. He is available at http://www.zalma.com and zalma@zalma.com.

Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.

For the past 52 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become professionals in insurance claims.

https://zalma.com/zalmas-insurance-fraud-letter-2/ Last read two issues of ZIFL here.

Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921

Read posts from Barry Zalma at https://parler.com/ profile / Zalma / posts

Listen to the podcast: Zalma about insurance https://anchor.fm/dashboard/episodesZalma about insurance

Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg/

Go to the Library for Insurance Claims – https: //zalma.com/ blog / Insurance -claims libraries /

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