Pennsylvania Homeowners insurance is not as difficult to come by as you might think. There are many good policies in existence, and the purpose of this article is to inform the reader about what to look when purchasing a quality insurance plan for a Pennsylvania home. When buying homeowners insurance, ensure that you are dealing with an individual experienced in Pennsylvania insurance law. Also, when purchasing insurance in the state of Pennsylvania for the first time, be aware of the following facts:
Even the the most broad and comprehensive Pennsylvania homeowners insurance policies do not cover floods.
Flood insurance is a risk that is not covered by a homeowners policy. Moreover, any catastrophe that is a result of a flood—such as water runoff, the collapse of land or erosion as a result of flooding, or even mud slide damage resulting from a flood—is also not covered in a homeowners policy.
There are laws and regulations unique to the state of Pennsylvania
One such example would be in that of the FAIR plan, which guarantees any Pennsylvania resident the right to have adequate insurance for fire and crime loss as well.
There are licensed companies and “surplus lines” insurance companies
At present, there are at least 200 licensed Pennsylvania insurance agents, and your best alternative is to enlist their aid. However, if for whatever reason you cannot employ the resources of a fully-licensed Pennsylvania insurance agent, then “surplus line” insurance companies are available in our state as well. The different between the two is that surplus line insurance agencies are permitted to engage in commerce in our state but lack a license.
For more information on this and many other insurance issues, contact our firm today!