Manny Miceli Launches New Insurance Website Which Provides Quotes for Insurance Services Such as Homeowners Insurance
Press Release
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updated: Jun 13, 2019
SUNRISE, Fla., June 13, 2019 (Newswire.com) - Manny Miceli launches www.insriskadvisors.com which provides forms where people can input their information and get the best quotes for various insurances they need, whether it's home, auto, business, or life. He frequently gets questions about homeowners insurance, and it's a need for many people to make sure their homes are covered. In this article, he explains the basics and a few of his opinions to help guide people through the process of purchasing homeowners insurance.
First, What is Homeowners Insurance?
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Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things one keeps in it.
Homeowners insurance is a package policy. This means that it covers both damage to one's building and their liability or legal responsibility for injuries that may occur on their property.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy a separate policy for flood insurance. Maintenance-related problems are the homeowners' responsibility.
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Can someone own a home without homeowners insurance? |
Unlike driving a car, someone can legally own a home without homeowners insurance. But, if they have bought their home and financed the purchase with a mortgage, their lender will most likely require them to get a homeowners insurance policy. That's because lenders need to protect their investment in their home in case their house burns down or is badly damaged by a storm, tornado or other disaster. If someone lives in an area likely to flood, the bank will also require them to purchase flood insurance. Some financial institutions may also require earthquake coverage if they live in a region vulnerable to earthquakes. If they buy a co-op or condominium, their board will probably require them to buy an HO-6 policy.
After their mortgage is paid off, no one will force them to buy homeowners insurance. But it doesn't make sense to cancel one's policy and risk losing what they've invested in one's home.
If someone wants to shop around for the best value in cost, they should fill out the homeowners quote page. https://insriskadvisors.com/homeowners-insurance-quote/
Manny Miceli gives solid advice backed by many years of experience for people considering homeowners insurance.
Manny Miceli says, "I always remind people when it comes to Homeowners Insurance that you need to balance and be aware of three things.
1) Premium
2) Financial Stability of your carrier
3) Longevity of your carrier
Most people only see price, and assume all carriers are the same. This is a false sense of security.
I always approach my clients' needs by beginning with looking at the carrier's ability to pay a claim and their financial stability. Second, a company's longevity, culture and customer service. Third, price and premium. In my many years in this business, I have seen too many cycles of carriers failing and leaving the Florida marketplace, suddenly and unexpectedly leaving the consumer with an unpaid claim."
Call 954-331-8165 for more information about homeowners insurance or go to www.insriskadvisors.com.
Source: Insriskadvisors.com
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Tags: business insurance, homeowners insurance, insurance quote, manny miceli, new website for insurance quotes
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