AmeriAgency is like Kayak for insurance. AmeriAgency shops different insurance companies for you.
WHAT RISKS DOES HOMEOWNERS INSURANCE COVER?
A homeowners insurance policy helps pay to repair damage caused by certain risks, often referred to as “perils.” Covered perils typically include:
- Theft
- Fire and smoke
- Windstorm or hail
- Falling objects
- Freezing of plumbing
- Sudden and accidental water damage from your plumbing, water heater, heating or air conditioning system or household appliance
Have specific questions about what homeowners insurance covers? Call an AmeriAgency agent at 888-851-5572.
Exclusions may apply. Read your policy or contact your AmeriAgency Agent to learn what perils your homeowners insurance policy covers.
Cheapest Homeowners Insurance in Tennessee
Insuring your home with quality coverage can be more affordable than you might think. Explore the many discounts Allstate offers to help you save money while protecting your house and family, like:
- The multi-policy discount that can help you save up to 25% or more when you bundle home and auto.
- The claim-free discount that can help you save up to 20% on your premium.
A DEDUCTIBLE IS YOUR SHARE OF THE COST
When you file a claim for a covered loss, you may be responsible for a set amount, called a deductible, to repair or replace whatever is damaged or stolen.
More about deductibles:
- Not all coverages will have a deductible. However, a deductible will always apply to either Dwelling, Other Structures or Personal Property coverages.
- The amount of any deductible will be shown on your Policy Declarations next to the coverage.
- In most cases, you choose the deductible from a range of options. A higher deductible usually means a lower insurance premium.
Will My Policy Pay To Replace My Belongings?
The value of most of your belongings decreases over time. With homeowners insurance, may have one of two different types of coverage for your belongings. Read your policy to learn what type of coverage it provides.
Actual Cash Value typically means your belongings are covered for their replacement cost minus depreciation. (Depreciation is the decrease in the item’s value due to its age, condition or other factors.)
Reimbursement Provision typically means your belongings are covered for the amount it would take to replace them at the time of the claim.
Other Things To Know
- To review which type of coverage you have, look at your Policy Declarations under Personal Property.
- Premiums are usually higher for Reimbursement Provision.
- With either type of coverage, a deductible will apply