Home owners insurance quote

When shopping for insurance it is important to look for a company that offers you car, home and life. If you own a business you can work with a company on helping you find the best business insurance. When looking for insurance check out one that offers comprehensive car insurance coverage and look into other areas.

The homeowners insurance industry is worth 70 billion U.S. dollars in revenue nation-wide. Flood insurance is a type of home insurance that many home owners have to purchase. Flood insurance is not costly as in 2012, the average flood insurance policy premium was $650 per year. Unfortunately, only 20% of American homes at risk for floods are covered by flood insurance.

In certain flood prone areas the federal government requires flood insurance to secure mortgage loans backed by federal agencies such as the FHA and VA. A flood can do a significant amount of damage to your home. From 2003 to 2012, flood insurance claims averaged 3 billion U.S. Dollars annually. In 2012, the average flood claim amounted to $34,000 dollars in the United States.

Workers compensation insurance typically covers medical bills in association with an injury or illness that occurs while one is working. Provision can be made for weekly payments in place of wages, compensation for economic loss or payment of medical like expenses. Most employers are required to subscribe to insurance for workers compensation and an employer who does not may be subject to financial penalties. Workers compensation rates and coverage tend to vary from state to state.

When looking for comprehensive car insurance coverage, it is important for a home owner to also look at flood insurance. It can help you in case of disaster and save you thousands in repair. Check out your insurance options and find what is best for you and your family. Continue your research here: www.gbwinsurance.com

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