|
PTP Insurance
Agents of Naperville, IL, an independent insurance agency
|
|
|
       
|
House
or Homeowners Insurance
|
|
|
|
|
What is Homeowners Insurance?
 Homeowners
insurance, also known as hazard insurance, home insurance or
house insurance is a type of property insurance designed for
private homes. Condo insurance and renters insurance are different,
and they are covered elsewhere in this website. Hazards covered
include losses occurring to one's home (real property), contents
(personal property), loss of use, as well as coverage for accidents
that may occur at the house (liability insurance).
The cost of home owners insurance
usually depends on the cost to replace the house and other items
defined in riders to the policy (additional items to be insured)
which are attached to the policy. A home insurance policy itemizes
what will be covered in the case of various events. It also itemizes
what won't be covered. Usually, claims like earthquakes and floods,
or acts of war are excluded from coverage. Usually a homeowner
may purchase special hazard insurance to cover these events,
for example flood and/or earthquake insurance.
A homeowners insurance policy
is usually in force for a specific term, usually one year. The
home owner (insured) is required to pay the premium to the insurance
company (insurer) in a timely manner. The insurer will pay the
insured for any losses covered by the insurance policy as defined
within the policy. Premiums are determined by the insurance company;
and they are based on factors like the maximum amount to be paid
in the event of a loss (usually the current replacement cost
of the house), location of the house and how the house is constructed.
Usually premium amounts are adjusted for certain additional risk
or reduced risk factors. For example, if the house has smoke
alarms or burglar alarms, there may be a discount. |
|
|
|
|
|
|
People
to People Insurance Services Inc. - 1240 Iroquois, Naperville, IL, DuPage County - Serving Chicagoland (630) 355-2355 |
 |
Naperville Illinois personal and commercial independent insurance agents, PTP Insurance Agency, serves clients throughout
the metropolitan Chicagoland area which includes Cook County, DuPage County, Kane County, Kendall County and Will County;
including, but not limited to, Naperville, Bolingbrook, Plainfield, Aurora, Batavia, Barrington, Berwyn,
Bedford Park, Bloomingdale, Brookfield, Burbank, Burr Ridge, Carol Stream, Chicago, Clarendon Hills, Countryside,
Darien, Downers Grove, Elgin, Elmhurst Glen Ellyn, Glendale Heights, Hickory Hills, Hoffman Estates, LaGrange,
LaGrange Park, Lemont, Lisle, Lockport, Lombard, Lyons, Mokena, Montgomery, Oak Brook, Oswego, Romeoville,
St Charles, Schaumburg, Shorewood, Sycamore, Warrenville,West Chicago, Westmont, Woodridge and Yorkville.
|