At Avalltex we are aware that your home may be one of your biggest investments, therefore one of your biggest assets. That’s why we want to help protect you financially if something unexpected happens to your home or your belongings. It is important to understand that this type of insurance is not intended to cover daily maintenance, but to cover unexpected damage such as fires, floods, storms.
We offer different types of policies for homeowners. For more information, you can CALL US, fill out the contact form or request a quote and your request will be answered as soon as possible.
When purchasing a new home, the homeowner is required to provide proof of insurance on the property before the lending bank can issue him or her a mortgage. The property insurance can be acquired separately or by the lending bank. Homeowners who prefer to get their own insurance policy can compare multiple offers and pick the plan that works best for their needs.
A homeowner insurance policy usually covers four incidents on the insured property – interior damage, exterior damage, loss or damage of personal assets/belongings, and injury that arises while on the property. When a claim is made on any of these incidents, the homeowner will be required to pay a deductible, which in effect is the out-of-pocket cost for the insured.
Every homeowner’s insurance policy has a limit of liability, which determines the amount of coverage that the insured has in. case of a loss. The limits are usually a standard Amount, but the policy holder can opt for a higher limit. In the event that a claim is made, the liability limit stipulates the percentage of the coverage amount that would go toward replacing or repairing damage to the property structures, personal belongings, and costs to live somewhere else while the property is worked on.
Mobile home insurance
Mobile home insurance, or also referred to as manufactured home insurance, is a special type of homeowners policy designed to cover a different set of risks compared to traditional site-built homes. Manufactured homes are built in a factory with lighter materials, then transported to a site where they are typically tied down via ground anchors for stability. Because these homes are designed and built differently than traditional site-built homes, they need a special insurance policy that assumes the added risks that come with a strapped-down home vs. one built on a concrete foundation.