A homeowners insurance policy protects your tangible assets, in a home or apartment, as an owner or renter. A well-written policy will replace personal property destroyed by fire or disaster and be your first line of defense against a lawsuit from someone injured at your home.
The cost of coverage is determined by many factors, and the quality by the both the insurer’s merit and how the policy is written. A named-perils policy covers only those losses specifically cited in the contract. The all-risk policy works the opposite way—unless a peril is specifically excluded, coverage is provided. The all-risk policy is broader and the burden of proof is on the carrier, not you, in the event of a loss.
Contact us for more information, or request API’s free, no-obligation comparative quote from multiple insurance carriers to get the best possible rate.