Homeowners insurance
Safeguard your home and belongings with our comprehensive homeowner’s insurance. Protect against unexpected events like fire, theft, and natural disasters, ensuring you and your family peace of mind.
Homeowners insurance is a vital coverage that shields your home and its contents from various types of damage.
It’s important to note that having this insurance doesn’t prevent potential damage to your home or belongings, but rather offers protection for your assets in case of unforeseen events.
This policy provides financial security and stability if unexpected situations arise. With this coverage in place, you can be better prepared for any eventuality, whether it’s a storm or a crisis, knowing that your homeowner’s insurance can assist in covering the costs of any damages that may occur.
Is this type of insurance mandatory?
When buying a home, homeowners insurance is a standard purchase, as most banks mandate this coverage before approving a mortgage. While having a homeowner’s insurance policy isn’t a legal requirement per se, there are instances where your lender might necessitate it. Usually, before securing or refinancing your mortgage, your mortgage provider will request evidence that your home is sufficiently insured. This step allows the lender to ensure that your investment remains safeguarded in case of damage or destruction due to weather events or other risks.
What if a home mortgage borrower does not have a current homeowner's policy?
If you don’t have your homeowner’s policy in place, the Consumer Financial Protection Bureau states that your lender has the authority to obtain insurance on your behalf and bill you for the associated cost.
A standard homeowners insurance policy typically includes th
If you don’t have your homeowner’s policy in place, the Consumer Financial Protection Bureau states that your lender has the authority to obtain insurance on your behalf and bill you for the associated cost.
Dwelling Coverage
It offers protection for your home’s structure, encompassing floors, walls, built-in appliances, ceilings, and any attached structures. This coverage extends to various risks, including fire, hail, theft, and vandalism, and can also assist in rebuilding your home if it suffers a total loss (up to the policy’s limit).
Contents Coverage
Safeguards belongings such as furniture and clothing within your home. In the event of a covered incident, you’d receive compensation equivalent to the value of these items, as outlined in your policy. A personal liability policy also covers damages stemming from specific accidents.
Personal Liability Coverage
Additional Coverages:
Protects your home and belongings from flood-related damage.
Covers your home in the event it is affected by earthquake damage.
An extra level of protection that can provide additional coverage to rebuild your home after a total loss.
Provides coverage for property that is not attached to your home, such as a gazebo, shed or garage that does not adjoin your home.
Provides additional coverage for bodily injury, property damage and personal injury to others beyond the policy limits described in your primary homeowners insurance policy.
May cover payment of medical expenses arising from an accident on the client’s property. This coverage is intended for immediate medical treatment of guests on the clients’ property, regardless of who was responsible.
Let a Dedicated Financial Expert Secure Your Future. Get a Consultation
Insurance offers the reassurance of being safeguarded against unexpected events. It’s essential that, prior to signing up for a policy, clients select the one that aligns most with their requirements, ensuring their assets are always well-covered.
C. Santos CEO - AICO Financial
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What Our Clients Says
Aico la mejor compañía de seguros de Puerto Rico. Gracias Cesar por siempre siempre recomendarme los mejores productos y darme el mejor servicio. 💯
Me resolvieron rápido la reclamación del huracán. Altamente recomendados!
Aico la mejor compañía de seguros de Puerto Rico. Gracias Cesar por siempre siempre recomendarme los mejores productos y darme el mejor servicio. 💯
Si buscas a alguien que te pueda ayudar con tus seguros, César Santos es la persona que te puede ayudar.
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