We are new at purchasing the home insurance. (we plan to buy a house)
We call the Progressive Insurance and request a quote for the house insurance And we also do some online quotes.
All it cover basically the house part.
We heard that they will cover the disability, life if spouse died the insurance gonna paid off the mortgage, unemployment they gonna paid for 1 year etc.
Any idea or tips which insurance provide that?
Thank You
Best reply by sydkan:
Progressive will cover the house and it’s contents.
The part for the mortgage is with the mortgage company. They will pay under certain circumstances. talk with your mortage company on that.
Read the original question here
Home Insurance Coverage In California?
You “heard” from whom? The COMPANY? If someone BESIDES the agent or company is giving you advice or coverage information, you can completely disregard it – because they have NO CLUE what they are talking about.
Homeowners does NOT cover disability, life, unemployment, etc.
You need to talk to your local agent. Life insurance covers death. Disability insurance covers disabiltiy income, and there is no private unemployment insurance in the US. If you want life and disability, you have to buy each policy, on each of you.
No Homeowner’s policy would cover life and disability (except for resident employees) because a property and casualty insurer cannot sell this type of policy. Maybe they have some sort of deal with an accident and sickness insurance company for their policyholders, however this would be a completely separate policy with it’s own underwriting requirements.