Category: Home Insurance

For those who own a home that is part of a homeowner’s association for the first time, our team at Community Management Insurance Group in Greensboro, NC, knows how confusing it can be to figure out what type of insurance you need. Protecting your home is as important as protecting your health through health insurance or covering your car through auto policies. If you’re unsure which type of insurance is right for your home, you’ll have an easier time deciding if you know what distinguishes them.

What Is HOA Insurance?

HOA insurance is paid through dues to a homeowner’s association. It can cover physical damage to the home and attached structures. It can also cover some liability-related costs and common areas the HOA shares. 

Those not part of an HOA will not need to get HOA insurance. Some HOAs may require homeowners to purchase additional types of insurance. The head of your HOA should know what kind of home insurance you need to acquire.

What Is Homeowner’s Insurance?

Homeowner’s insurance covers an individual’s primary residence. Unlike HOA insurance, it is not commercial insurance. Depending on the policy’s specific terms, it can cover physical damage to the home, liability, and other expenses.

What’s the Difference?

Homeowner’s insurance is paid through HOA dues whereas an individual homeowner pays homeowner’s insurance. While homeowner’s insurance only covers one structure, an HOA insurance policy covers all the properties of an HOA. If you’re unsure which one is right for you, you should speak with a qualified insurance agent on our team.

For more information on HOA and homeowner’s insurance, call our Community Management Insurance Group team in Greensboro, NC.

Do you have home insurance? If you do, you may not realize just how comprehensive your coverage is. You probably think your insurance covers basics like fire damage, burglary, and natural disasters. However, most home insurance policies actually cover a lot more than that and can help you out in a variety of strange situations.

Here are four weird things that your home insurance policy may cover:

Sinkholes

Sinkholes are a natural phenomenon that can cause severe damage to your home. They occur when the ground beneath your home collapses, causing your foundation to crack and crumble.

While sinkholes are not common, they can occur in any state. If you live in an area where sinkholes are known to occur, your home insurance policy may cover the resulting damage. Ensure you check your policy coverage carefully, as some home insurance companies exclude sinkholes from their policies.

Pet Damage

Did your dog accidentally break a window? Did your cat scratch up the furniture? If so, the resulting damage may be covered by your policy. Home insurance policies typically cover pet damage, as long as the animal was not intentionally trying to cause damage.

So, if your dog gets a little too excited and accidentally knocks over a lamp, you may be able to file a claim with your home insurance company.

Your Party Guests

It’s not just your home that’s covered by home insurance, but your guests too! If someone is injured while visiting your Greensboro, NC home, your policy will likely cover their medical expenses.

This protection extends to social gatherings as well. For example, if you have a holiday party and one of your guests slips on some ice and is injured, your policy could cover their medical bills.

Of course, there are limits to this coverage. So, it’s essential to check with your agent and be sure you understand what is and isn’t covered under your policy. Whether you’re covered by the Community Management Insurance Group or another provider, be sure to ask about this protection.

Falling Objects

Of course, you don’t expect things to fall from the sky and hit your home, but it does happen. High winds can cause tree branches to snap and fall on your home or garage. Hail storms can send golf ball-sized hail crashing through your windows. Additionally, some random things like meteors and satellites are also covered by some policies. This means that falling objects are one less thing you have to worry about.

Get Your Home Insurance Today!

There are all sorts of weird things that are covered by home insurance, and this is just a short list. If you’re looking for comprehensive protection for your home, be sure to get a policy that covers all the bases.

At Community Management Insurance Group, we can help you find the perfect Greensboro, NC home insurance policy for your needs. We’ll work with you to find comprehensive coverage at a price that fits your budget. Contact us today to learn more