With your home being one of your biggest assets, it is important to make sure it is protected. In California, that means obtaining homeowners insurance. In Santa Clarita, CA, that means working with WPL Insurance Services.
Homeowners insurance in California covers both your property and your liability. These two aspects of the insurance go hand-in-hand. Damage can include fire, theft, and some natural disasters. Make a note that homeowners insurance does not cover earthquakes and floods.
The liability portion of the insurance covers you and your family from any liability you may have due to injury caused to someone that comes to your home. This typically includes any damage done to a person by one of your pets as well.
While this type of insurance is not required by law, if you have a mortgage on your home, then in most cases your lender will require you to carry this type of coverage. They see your mortgage as an investment, and they want to protect that investment in the case of a disaster such as a fire.
If you live in a flood zone, you will typically be required to carry flood insurance as well. This is not usually included in homeowners insurance policies.
There are several different types of coverage. The first is called actual cash value. With this coverage, you would receive the cash value of your home and your belongings less a depreciation deduction.
The second type of coverage is replacement cost. This coverage pays the cost of repairing or even rebuilding your home and replacing any possessions. There is no depreciation deduction involved.
The third type of coverage is guaranteed replacement cost. This is usually the most protection you can receive. You will receive replacement costs even if those costs are more than your policy limits.
To learn more about your homeowner's insurance options in Santa Clarita, CA, check out our website or give us a call today at WPL Insurance Services. Also, try our online rating tool for quotes on home and auto insurance.
16654 Soledad Canyon Rd Suite 245, Santa Clarita, CA 91387 | Phone: 661-877-9683 | Fax: 661-877-9636 | Email: firstname.lastname@example.org