{"id":140,"date":"2024-09-30T04:00:00","date_gmt":"2024-09-30T10:00:00","guid":{"rendered":"https:\/\/www.murvayinsurance.com\/blog\/?p=140"},"modified":"2024-09-23T15:50:47","modified_gmt":"2024-09-23T21:50:47","slug":"what-every-new-homeowner-needs-to-know-about-home-insurance","status":"publish","type":"post","link":"https:\/\/www.murvayinsurance.com\/blog\/what-every-new-homeowner-needs-to-know-about-home-insurance\/","title":{"rendered":"What every new homeowner needs to know about home insurance"},"content":{"rendered":"

Key Home Insurance Tips for First-Time Homebuyers<\/h2>\n

Purchasing your first home can be stressful, particularly when it comes to understanding the intricacies of home insurance. Details are often not as straightforward as they seem. At Murvay Insurance in Newport Beach, CA, our independent insurance agents have extensive experience in helping new homeowners choose a suitable home insurance policy.<\/p>\n

Understanding Insurance Exclusions<\/h2>\n

While home insurance covers a range of potential accidents, it must be noted that it doesn’t cover everything. The items not covered are exclusions and clearly listed in your policy. These exclusions include earth movement (earthquake, landslide, mudslide, sinkholes), flooding, sewer backup, and neglect by the owner. Similarly, if your property is destroyed by a government entity or during war, this will not be covered either.<\/p>\n

Knowing Home Insurance Limits<\/h2>\n

Your home insurance has a cap on the amount it pays out to replace your home, your contents, and specific sections of these contents. The coverage for jewelry is often limited. Similarly, antiques, artwork, and coins have strict caps. These limits can be increased with a rider.<\/p>\n

Making an Informed Decision on Content Insurance<\/h2>\n

You can choose the type of content coverage for your assets. You can opt for replacement cost, which is the current market price to replace the items, or the current value, which is the depreciated worth of the possessions.<\/p>\n

Assessing Factors that Increase Liability<\/h2>\n

Certain factors increase your liability. For instance, owning a dog or having a trampoline or swimming pool raises your liability. Consult your agent to discuss these factors.<\/p>\n

Before the closing of your new home, feel free to contact us at Murvay Insurance in Newport Beach, CA, to discuss your home insurance needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key Home Insurance Tips for First-Time Homebuyers Purchasing your first home can be stressful, particularly when it comes to understanding the intricacies of home insurance. Details are often not as straightforward as they seem. At Murvay Insurance in Newport Beach, CA, our independent insurance agents have extensive experience in helping new homeowners choose a suitable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6,7],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-murvay-insurance","tag-newport-beach-ca"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t