An insurance is a cover against risk that may occur knowingly or unknowingly. A risk is an occurrence that leads to a loss. A cover is taken by an insurer through payment of some premiums. Premiums are monthly payment to the insurance company that offers a cover against a certain risk to activate the cover. Premiums paid against a risk differ with companies depending on the insurance class and also extend of loss. An insurer is paid once a loss has occurred to the extent of loss. There are different classes of insurance which include property, accident, liability and general insurance. Read more about
Home Owners Insurance. An example of insurance taken in property insurance class include the home owners insurance.
Home owners insurance is a policy taken against loss that may occur to a house, property in the house or the surroundings. This policy is taken by having paid the agreed premiums monthly to the insurance company offering the class of insurance. To get the insurance policy a home owner may visit the insurance company directly or use an agent. An insurance home owner agent is a person who joins the insurance company with the home owners. He performs the function of collecting the premiums and taking them to the insurance company on behalf of the owner.
Home owner are compensated only when the risk covered has occurred. The cause of the risk must be the exact in order to get indemnified. The risks may include fire and theft. An insurer is indemnified in many way. Some of the ways include cash, repair or reimbursement. Indemnification occurs to the extent of loss. There is no gain when it comes to compensation. Indemnification also occurs once the agreed premiums are paid on agreed time and at the exact time. To learn more about Home Owners Insurance, visit USAttorneys
. Once the risk has occurred the insurance first investigates the extent of loss and the cause of the loss before paying the claim by the insurer.
Home owner insurance claims are taken to insurance company by home owner themselves or by the agent. Before home owners decide to take an insurance cover they seek advice from US Attorneys. US Attorneys are advisors of home owners insurance against the policy. They advise on the premiums to agree upon, the risk to cover and put more emphasis on the high frequency and occurring risks and low frequency and occurring risks. US Attorney also help during the claim process where they see to it that home owners are compensated to the extent of loss. Learn more from https://www.youtube.com/watch?v=mLgGwf7Fuhg.