{"id":21,"date":"2020-09-18T04:00:00","date_gmt":"2020-09-18T10:00:00","guid":{"rendered":"https:\/\/www.krienerinsurance.com\/blog\/?p=21"},"modified":"2020-09-18T11:11:46","modified_gmt":"2020-09-18T17:11:46","slug":"6-key-home-insurance-terms-explained","status":"publish","type":"post","link":"https:\/\/www.krienerinsurance.com\/blog\/6-key-home-insurance-terms-explained\/","title":{"rendered":"6 Key Home Insurance Terms Explained"},"content":{"rendered":"

If you are a homeowner, you have likely had the experience of purchasing homeowners insurance, but not always being clear on all the details. Some terminology may be vague or unfamiliar and may leave you feeling uncertain of what is in your policy.<\/span><\/p>\n

At Kriener Insurance of Woodbury, MN, we take the time to listen to our customer’s needs and explain the different policy options available to them. <\/span><\/p>\n

Understanding Homeowners Insurance<\/span><\/strong><\/h2>\n

There are many different terms used in homeowner’s insurance, but there are some common ones. Some key terms you may have heard when discussing homeowners insurance are:<\/span><\/p>\n

    \n
  • Liability <\/strong>– If someone is injured on your property, this will help protect your finances during any lawsuit. <\/span><\/li>\n
  • Actual-Cash-Value<\/strong> – This means you are paid what your items were worth before they were destroyed instead of the replacement cost. <\/span><\/li>\n
  • Full Replacement Cost<\/strong> – This term may come up with a comprehensive homeowner’s coverage. Items must be replaced at full replacement cost if they are destroyed or stolen. <\/span><\/li>\n
  • Declarations page<\/strong> – These will explain your annual premium and outline your coverage.<\/span><\/li>\n
  • Rider<\/strong> – Extra policies to cover particular personal property. Usually separate from your original policy.<\/span><\/li>\n
  • Replacement cost<\/strong> – This is an easy term. It merely means you will get reimbursement for new items, not the original cost. It doesn’t matter the age; you will receive a new item.<\/span><\/li>\n<\/ul>\n

    An Insurance Company on Your Side<\/span><\/strong><\/h3>\n

    Contact Kriener Insurance of Woodbury, MN today to speak with one of our agents. We are happy to schedule an appointment to discuss various homeowner policy options and explain all the details. We have years of experience helping our customers know what kind of insurance they need and to get the best coverage possible.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    If you are a homeowner, you have likely had the experience of purchasing homeowners insurance, but not always being clear on all the details. Some terminology may be vague or unfamiliar and may leave you feeling uncertain of what is in your policy. At Kriener Insurance of Woodbury, MN, we take the time to listen […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[9,8],"class_list":["post-21","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-kriener-insurance","tag-woodbury-mn"],"_links":{"self":[{"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":1,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"predecessor-version":[{"id":22,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions\/22"}],"wp:attachment":[{"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.krienerinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}