Homeowners Insurance 101: The Ultimate Guide to Insurance #4

We’ll cover how homeowner’s policy protect your home, your stuff, and the bad things that could happen to others because of you.

Intro – 0:01

Fun Fact – 2:13
The beginnings of homeowners insurance

Property Coverage
Dwelling Coverage (Replacement Cost) – 4:03
Other Structures – 5:37
Personal Property – 7:01
Loss of Use (Additional Living Expenses) – 11:24

What Types of Bad Things are Covered?
Perils – 13:01

Occurrence – 13:21

3 Types of Homeowners Policies – 14:13
Basic (HO1) – 14:12
Broad (HO2) – 14:58
Special (HO3) – 15:31

Liability Coverage
Homeowner’s Liability – 17:16
Medical Payments – 18:48

Some Endorsements
Water & Sewer Back Up – 20:09
Natural Disasters – 21:45
Special Personal Property (HO5) – 23:11

Rookie Mistake – 24:21
Not taking the “extra package”

There you have it!

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[YAYLLI]

As someone starting out in the insurance industry, I want to say thank you and don't stop! I love your videos I watch them at home and work

[lawandsmith]

Well done. I learned a lot from this video. Well organized and easy to follow.

[ongkhoabeo]

this video is the best one to capture the whole idea about this insurance things. Thank you so much

[rashellyohn]

That was a great delivery. Your a good speaker.
I have a HOH I believe to be a HO1 basic out of Oregon. Policy Coverage and premium discounts
Coverages
$175, 000Dwelling Coverage
$17, 500Other Structures
$87, 500Personal Property
$35, 000Loss of Use
$100, 000Personal Liability - Each Occurrence
$1, 000Medical Payments to Others - Each Person
Additional Coverage Included
Ordinance or Law $17, 500
Personal Prop Replmnt Cost
Discounts
Paid in Full Discount
E-Policy (Paperless)
New Purchase Discount
Deductibles
$1, 000All Other Perils
$1, 000Wind/Hail
The definition of HOH states I wont have liability or personal property coverage under basic but my policy has it listed as covered. I am confused.
Also: Fires are only covered under FEMA or Brush fires, whats the difference?
thank you so very much.
Rookie!

[doug]

Just looking at my policy, where would I read to know which coverage I have? I want to know if I have special

[mpal]

I also thought this video was excellent in understanding how to read an individual policy. My only comments was I own a condo instead of a home w. a picket fence. Would like to know differences in what I should have covered and what I shouldn't.

[kondektuchowska]

Alina Kondek-Tuchowska, Thank you very much for such easy to understand explanation. Would you kindly explain what happened when Water Thank get burst after few strong storms and Insurance refuse to pay?

[keniagonzalez]

Do you have any video on workers compensation ? you make everything so much easy !

[annetrabowman]

Do landcontractor carries the home insurance

[joejones]

I shopped for insurance for my home today. GEE I received quotes over $1, 300.00 for less insurance than what I already have. I thought I was receiving a beating from my original company until I heard the quotes from the other idiots. State Farm is the STATE SUCK....I could not believe the rip-off fee they quoted! Really, the difference in the premium quoted to me for a homeowners policy on my tiny home would pay for your trip to Europe for a month. Do your research!

[kondektuchowska]

My Insurance policy is very expensive, we have it for long time and I have the suspicion that we pay much more because of our original nationality. We dealing with very aggressive representatives and is time to fix the arrogance and mind control. We are retired and at home, we never had any damage even accidental. We had this year several very strong storms. We live in area where was not flood damage since 1985. We do not have any trees close to the house, Our neighbours have it and they are too lazy to clean up after their own trees. Every time when is strong storm we have their dry big palms leaves landing on our Verandah and garden. When Water Tank was assessed the Assessor seen it and he pretend that he is blind. I can not say that we were ever correctly protected by this Insurance.

[injentech]

Fast forward to 3:55 to start the video

[kellyyork]

Remember...if you are talking to an insurance agent, they are only concerned with making money for themselves and their company.

[Liryn]

The video is so good but you making those weird sounds when you are swallowing saliva is annoying specially while wearing headphones.