Your home and belongings are protected against damage from theft, fire or other events by homeowners insurance. The insurance covers injuries to others and lawsuits. A homeowners insurance policy is a good investment because it can save you money in the long run.
Rhode Island residents can benefit from competitive insurance rates, policies and plans offered by top companies. To make the right choice, you should compare quotes from different insurers. By shopping around, you will be able to find a policy that meets your requirements and is within your budget.
Amica: Best Home Insurance Companies of Rhode Island
Amica is one of the top home insurance companies in the state and has consistently been ranked high for customer satisfaction and claims. The company was also awarded a 0.22 Complaint Index rating by the NAIC, a sign that it receives less than half of the average number of complaints for other insurers.
Rhode Island homeowners need to be protected by a variety of insurance policies, such as personal property coverage and liability insurance. It also offers various discounts, including multi policy and bundling deals.
HO-3 Special form (HO-3) is the most common type of homeowners insurance in Rhode Island, and it provides both dwelling and personal belongings coverage. This is a named-peril policy that covers damage to your house and belongings according to a list.
You can also get ordinance or law insurance to cover the costs of your home breaking local codes or laws. The insurance will also cover frauds such as credit card fraud, unauthorized transactions or forged check. All of these can be very expensive without the right protection.
In addition to homeowners insurance, most home owners would benefit from an umbrella policy. This type of insurance can provide an additional layer of protection for large liability claims. It is important to have this coverage in Rhode Island because there are many people with poor credit ratings or other financial difficulties.
Another important consideration is how much your policy will pay if you're forced to relocate because of a fire or other insured disaster. Many policies cover hotel bills and restaurant meals when you're not at home.
You can increase your loss-of-use insurance to cover additional living expenses if you home is damaged due to a storm, flood or another insured event. This policy usually covers 20% of total coverage on your homeowners' insurance.
Comparing homeowners insurance quotes can be a great way to find the right policy and compare rates. OceanPoint Insurance can help. Once you've gathered the necessary information, an expert will be able to guide you in choosing the most appropriate policy for you at the lowest possible rate.