Introduction
Have you ever wondered what a home
insurance policy is and where you might want to find one? If so, then you're in
luck. Chances are, your travels will be taking you across the country or to a
foreign country for any number of reasons.
But with that in mind, it's
important to research what will happen if anything happens when away from home
— especially if your home is not up-to-date on all the latest fire safety
features. Don't let the situation be too big of a deal and ruin one's trip.
Keep reading these 5 reasons why you need home insurance when you travel:
Reason
1: Home insurance protects your home while you’re away.
Reason 1: Home insurance protects
your home while you’re away.
When you travel, your home often
remains vacant. This means that if an emergency strikes while you’re away, no
one is there to help you. Home insurance will cover any damage or loss to your
home if it was occupied and unoccupied at the time of an incident. For example,
if a fire breaks out at your vacation home while you’re on vacation, the
homeowners policy will cover any damages incurred in that fire.
Home insurance provides extra
coverage for repairs and deductibles.
Homeowners insurance typically
covers the cost of repairs after an incident occurs. However, homeowners
policies do not cover things such as stolen property or lost appliances.
Homeowners policies also do not cover deductibles from other types of liability
coverage (like auto and medical). Deductibles are amounts that you pay out of
pocket before a claim is made against your policy. Some insurers charge higher
premiums for people who have higher deductibles than others because their
chances of having claims are lower than someone with a lower deductible.*
Reason
2: You may be covered for your possessions if you have landlord or tenant
insurance.
You might think that you're covered
for your belongings if you have renter's insurance. But what if your landlord
or condo association is responsible for the damage to your home?
You may be covered for your
possessions if you have renter's insurance. But what if your landlord or condo
association is responsible for the damage to your home?
Homeowner's insurance can help cover
the cost of replacing contents and other valuables inside your home, as well as
any other losses that occur during a burglary or fire. It also covers liability
claims against you for injuries or damages caused by someone else who is
insured under the policy.Reason 3: Travel medical insurance usually doesn’t
cover your belongings — but home insurance does!
Reason
4: You may be covered for your extra living expenses if something happens while
you’re away.
You can be compensated if something
happens to your home while you’re away. This is a great reason to get home
insurance.
Travel insurance is a type of insurance
that covers injuries and other incidents that occur while you’re away from
home. It may also cover any additional living expenses that you incur during
your trip, such as hotel costs or other incidentals.
If you’re covered by travel
insurance, it’s important to make sure that the policy includes coverage for
damage to your home and possessions when you leave town.
Reason
5: Our travel tips can help you stay safe while travelling.
Travel can be an exciting, memorable
experience. But it can also be a risky one.
When you travel, your home insurance
policy covers you if someone breaks into your house or steals something from
your car. It also protects you if you have an accident while driving — even if
it's not your fault!
That's why we recommend you take out
travel insurance as soon as you book your trip. Here are some of the
benefits:
If someone breaks in and steals
something from your home while you're away, this coverage pays for repairs and
replacement costs. It also covers liability if someone is injured while inside
your home.
If someone on the road causes an
accident that injures or kills you, they won't be held responsible without
travel insurance! This coverage will cover medical expenses related to both
injuries and death, regardless of fault.
It helps cover unexpected expenses
like flight delays, missed connections and lost luggage — all of which can cost
more than rental cars and hotels when traveling abroad.
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