1. Determine home value
  2. You buy a home and purchase Homeowners insurance based on the home value from an insurance company or continue the existing policy. 
    1. In case of home buying process, mortgage company will ask for the Homeowners insurance so you need this insurance anyway
  3. Damage happens to your home with various reason list (various perils and situations) below 
  4. You need to talk to a vendor to get the quote to fix the damage
  5. Shop around and get the right quote since Insurance company needs right process on the quote and cost estimation side
    1. Determine actual cash value, replacement value or hybrid loss value
  6. You raise or apply for a claim to the cover damage cost
  7. Claim approved:
    1. Insurance company approves and pays certain amount of your claim 
    2. You pay the deductible and other unapproved amount 
  8. Claim rejected:
    1. You go through approval process and try to submit again
    2. Claim rejected
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Understand current or new Homeowners Insurance policy options, use the checklist to mark the coverage and consult an agent to get the right coverage. And, get the clarity on your Homeowners Insurance coverage and be ready with the allowed claims when it comes to such situations.
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Based on the location with various natural disasters and insurance company, the policy needs to be evaluated by working with an agent.

Start Your Homeowners Insurance Journey Here

Start here on Homeowners insurance journey
Homeowners Insurance Index List of Homeowners insurance policy posts: Homeowners Insurance IndexStart here on Homeowners insurance journey. List of Homeowners insurance policy posts: 1. What’s NOT Covered On a Standard Homeowners Insurance Policy? 2. Understand Homeowners insurance life cycle 3. Understand Additional Types of Homeowners Insurance Policies 4. What
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Understand Homeowners insurance life cycle