Hope for the best (and be prepared for the worst).
What does homeowners insurance cover? A homeowners insurance
policy provides the policyholder with both property and liability
coverage. Property coverage includes damage to your dwelling,
personal property or other structures on your property that are
sustained from covered causes of loss such as fire, theft or
vandalism. The liability section, sometimes called property
casualty insurance, provides coverage for claims brought against
you for bodily injury or property damage you cause to others for
which you are legally liable. Additional coverage can be purchased
for valuables or collectibles, including antiques and jewelry.
If you rent your home or apartment, your landlord is responsible
for insuring the building, but your personal property is your
responsibility. Renters insurance protects you from loss in case of
fire, theft or other perils.
If you own a condominium, your condo association may pay for
insurance on the building, but you will need to purchase
condominium insurance to protect your personal property and any
improvements that you make to your unit.
For many homeowners, deciding whether or not to purchase
flood insurance can be difficult to determine. The government
assists with this by identifying areas prone to flooding, also
known as flood zones, to assess flood risk. If you are in an area
covered by the National Flood Insurance Program, we can help you
acquire the flood insurance coverage you need.
Insurance products are offered through Univest Insurance, Inc. and are obligations of the issuing insurance companies, are not obligations or deposits of or guaranteed by any bank and are not insured by the FDIC or any other agency of the United States. Insurance products are not a condition to any bank loan, product or service. Univest Insurance, Inc. is a licensed subsidiary of Univest Corporation of Pennsylvania.