In both personal and financial terms, your home may be the largest investment you'll ever make. Homeowner’s insurance helps you financially protect yourself, your home, and its contents. In the event of a loss, your homeowner’s policy provides funds to repair, replace, or restore your home and/or its contents, as well as funds to pay legal costs associated with liability claims brought against you by individuals who may be injured while on your property.
Benefits of Homeowner’s Insurance
Safeguards your home and its belongings, your family, and yourself against natural disasters, theft, and injury.
Protects you against personal injury claims or legal costs that could incur if someone is injured on your property.
Endorsements can be added to individual policies to help ensure you have the amount of coverage you need.
Coverage includes: claim defense, first aid to others, and damage to property of others (under casualty coverage).
Features of Homeowner’s Insurance
Ability to extend property coverage beyond your personal premises.
Option to reduce your out-of-pocket premium by increasing your deductible.
Twelve-month policy renewal periods.
Option to increase coverage on specific items such as jewelry or art by adding special policy riders.
Premium discounts for fire and theft devices or for owning more than one policy with the same insurer.
Elements to Consider
Your premium may increase based on claim experience or the number of perils you insure against.
If you make significant improvements or modifications to your home, your policy may need to be adjusted to accommodate those changes.
Most banks and mortgage companies will require you to purchase homeowner’s insurance before they will extend credit to you.
The insurance industry and market conditions are ever-changing. Wachovia, through its insurance affiliates, is working towards a home insurance solution that will meet your needs. Please check back with us soon.
If you are a current policy holder, please contact your insurance company directly for any questions or service needs.
All products contained within this Web site may not be offered at a Wachovia branch.
Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate