What are the different types of home insurance policies?

February 22, 2013 in bradford, Bradford PA, bradford pennsylvania, home insurance, homeowner's insurance bradford, homeowner's insurance bradford pa, Pennsylvania Homeowners insurance

Your home is a sacred place. It is your comfort zone and so you would like it to be there forever. However, there are some things that might damage your home. Things like floods, fire and even burglary have destroyed so many homes already. This is why it is important that you get insurance for your home in PA. This will ensure that no matter what happens to your house, you can always have it back. There are very many different types of home insurance policy covers in the state of PA. The different types of pennsylvania homeowners insurance range from HO1 to HO8 but there is no HO7.

HO1 is a cover that only covers house hold items. It is therefore mainly concerned with burglary since the thieves are more likely to steal these kinds of items. It can also cover the home from explosions and animals. This is the most basic kind of insurance and is also very affordable.

HO2 on the other hand is for particular parts of the house. This means that you can insure your living room, or your bedroom or any other part of the house. It will also insure you against ice slides and landslides. It is therefore very useful for people who live in areas that are prone to such disasters.

HO3 is the policy that will cover the whole house. It will cover the contents of the house and the structure of the house itself. It will also take care of all the expenses if any outsider is injured in the premises. It also covers against things like war and earthquakes.

If you live in a rented apartment, it will suit you to get the HO4 cover. It is important due to the fact that it covers the house from everything. It not only covers the house but also the items you have in the house. You will therefore save more if you get it as a tenant. HO5 is typically the same as HO3.

HO6 is the cover designed for condo owners. It will insure the condo and its premises. The last cover is HO8 which is the cover for old homes.

As you can see, there are very many different types of home insurance covers. Therefore, there is no need for anyone to lack a homeowner’s insurance. Even if you do not own the home, there is the cover that caters for tenants. These covers will not only keep you and your home safe but also your visitors.

 

What are some of the factors that can cause my pa auto insurance premiums to increase?

February 15, 2013 in auto insurance, auto insurance bradford, auto insurance bradford pa, bradford, Bradford PA, bradford pennsylvania

Auto insurance is very important to any driver. This is because, you might be a careful driver but other people might not. Insurance can protect you from such people. There are also people who are not insured but drive recklessly. They can cause accidents that are very expensive. Considering the medical bills and the money you will need to fix the car if damaged, insurance is a God send. This can amount to a lot of money that you might not have at the moment. In Pennsylvania, it is illegal to drive any car that is not insured and it might even land you in jail. Most people have however complained that their premiums keep increasing every year and they do not know why this is so. Here are some of the things that can cause your premiums to rise.

Poor driving record

If you keep driving badly, you will see to it that your premiums rates increase. This is because you will continue to be a risk to the company and so they will need to get more money in case you get involved in a series of accidents. Accidents are expensive. This is especially so if you are the one causing them all the time. The insurance company will have to pay the injured parties as well.

Adding someone in your insurance cover

There are people who add their children in the auto insurance. Teens that do not have their own cars can be included in their parents auto insurance covers if they plan to drive their parents’ cars. This in turn will make the insurance company increase your premiums. Teens and any young driver are also considered a risk in insurance. This is because they do not have experience on the roads. The can forget the rules and even cause accidents. This will then be charged on your insurance company.

Adding more covers in your policy

Since there are many covers, you might initially acquire just the important or mandatory ones. With time, you might feel comfortable enough to add more covers to your policy. When you do this the premiums will also definitely increase.

These are three reasons that may make your premiums to increase. However there are very many other reasons including some that you can’t control, for example, the economy. If the economy is tight, the premiums will go up to ensure that the company gets profits.

What are the types of insurance covers offered in Pa Auto insurance?

February 7, 2013 in auto insurance, auto insurance bradford, auto insurance bradford pa, auto insurance companies, auto insurance coverage, bradford, Bradford PA, bradford pennsylvania

The issue of pa auto insurance is very important to the residents of the state of Pennsylvania. Not only is this so because it is required by law and the repercussions of disobeying are extensive, but also because it keeps people safe. Due to the hefty fines that one can get due to poor driving, most people have opted to be better drivers and thus ensuring their own, and the safety of others while on the road. There are different types of auto insurance policies offered in the state of Pennsylvania. Many people know of only four. They are all discussed below.

The first and mandatory car insurance cover in PA is the auto liability cover. This cover states that you are legally bound to pay for the damage to any vehicle that is involved in an accident that you caused. This does not only include the vehicle but also injured individuals and even property. It will also pay for the legal fees of courts and such like fees.

The second insurance cover that you can purchase is the first party insurance cover. This insurance cover says that the second party, which is the insurance company, will pay you some money if you have been involved in an accident or injury. You might also get the third party insurance cover which will protect you from law suits that might be aimed towards the second party by a third party.

You might also need to get the Personal injury coverage. This cover will take care of your medical bills if you are hurt during an accident. The contents of this cover might vary from one company to another. They generally involve paying the medical bills, replacing lost earnings and even funeral expenses. The price of the premiums might also vary depend on what is entailed in the cover.

Most people also have the comprehensive insurance cover added to their policies. This is the cover that will help you when other things apart from car collision accidents destroy your car. It covers things like burglary, fire and even floods.

Other people get more insurance covers like the uninsured motorist cover in order to further protect themselves. This is the insurance cover that will help you if you are involved in an accident with an uninsured motorist.

There are pennsylvania auto insurance companies that have more insurance covers that you can choose from. Whatever the case is, ensure that you pick a cover that suits you best at that time.