Protect Your Property With Geico Homeowners Insurance
The Geico name is known in the world of insurance as a provider of outstanding service. The Government Employees Insurance Corp. was established by Leo Goodwin in 1936. It started life in San Antonio, Texas by providing automobile insurance. In 1952, the company decided to expand its insurance products by offering a homeowners insurance
In 1995, after years of financial debacle, the company became Berkshire Hathaway Inc.’s wholly owned subsidiary, thus the establishment of Geico Corp. Today, Geico offers a wide range of insurance products that are consumer-oriented. There are various Geico homeowners insurance policy types. Here are some for your consideration:
Homeowner’s insurance policy:
The Geico homeowners insurance provides policy that insures residential homes as well as mobile homes. All residential properties belong in the H03 insurance level. The policy is defined by the company as providing broad coverage for dwellings. Having this policy protects your property from water, fire, roof impact, building collapse and household electronics theft. Some exclusions are flood protection and jewelry theft amounting to more than $2,000.
The company allows its policyholders to supplement their policies by buying extra protection for their valuables. You can choose to supplement your policy with identify theft coverage. This coverage protects you from the financial impact when a theft breaks into your house, stole your credit card and then used it.
You must know though that Geico’s insurance policy does not offer all-risks coverage. It only provides protection against hazards that are stated in the contract. For example, if your contract does not name earthquake as one of the perils, it follows that you are not insured against damages due to an earthquake.
Policy for co-op and condominium owners:
This policy will protect your personal property from any damage, including damages resulting from water damage or theft. It also protects you from liability claims that could result if people file a claim after an accident that happened in your condominium.
To cap it all, this insurance policy is aimed at providing protection for the inside of your condominium rather than the outside. Exterior protection can be covered by a homeowner association’s insurance. Similarly, the policy also provides the same protection for co-op owners.
Renter’s insurance policy:
This policy provides coverage against several types of perils, including lightning, fire, windstorm, vandalism, smoke theft, malicious mischief and accidental water discharge. If you have this policy you can be assured of liability protection which means that you are protected against unintentional property damage or bodily injuries that may happen on another person, whether you are present or not in your rental unit when the incident happened.
For example, if a person slipped on the floor of your rental unit and sued you even if you were not there at the time, the renter’s insurance policy would cover the liabilities as well as compensate you for the legal defense.
Geico has been in the insurance business for some time now, offering competitive rates resulting to millions of satisfied policyholders. Letting Geico homeowners insurance protect your property will be one of the wisest moves that you could make today.
|