![]() ![]() If you’ve filed claims in the past, it could bump up the cost of your insurance. Claims History: Statistically, if you’ve filed claims before, there’s a greater likelihood that you’ll file a claim in the future.Home Characteristics: This runs the gamut from the size of your home to the materials it’s made of to whether you have a trampoline in the yard to the presence of a wood-burning stove.Roof Condition: The newer your roof and the better its condition, the lower your premium will be.And if you live in an area that’s prone to wildfires, your insurance might be higher. Property Location: For the most part, homes near a body of water, such as along the coast, cost more to insure.Though each insurance company may use slightly different criteria, these are typically the factors an insurance provider considers when determining your rates: Credit Card Protection: Should there be suspicious activity on your accounts, Nationwide will cover a selected number of transactions on your debit or credit cards. This isn’t typically part of a standard homeowner insurance policy.It could also pay for additional food expenses. Loss-of-Use Insurance: Should your home or parts of your home become uninhabitable due to a covered loss, loss-of-use insurance, also called additional living expenses (ALE) insurance, could foot the bill for the costs of staying in a hotel or rental.Other Structures Insurance: This would cover anything that isn’t attached to your home or protected under “dwellings” coverage, such as a barn, shed, mailbox, or gazebo.Law Insurance: Also known as ordinance insurance, this could help pay to build your home back up to code should it become damaged under a covered peril.In other words, coverage would kick in no matter whose fault it was. Depending on the policy, personal liability insurance could be no-fault insurance. Personal Liability Insurance: In the unfortunate event that someone suffers an injury or damages property while in your home, personal liability insurance can cover the cost of medical bills, replacing or repairing items, and legal fees.It can also cover items kept in a storage unit, toolshed, or car trunk.Ĭontents coverage might not be enough in some cases, such as fine art, memorabilia, and antiques, for which additional coverage might be prudent. For instance, clothing, furniture, or a stand-alone fireplace. These are items that either aren’t part of the structure of your home or aren’t attached to it. Contents Insurance: This pays for the cost to repair or replace damaged or stolen personal belongings in your home.For instance, an attached deck, built-in appliances, a garage, or a fireplace. Dwelling Insurance: This form of insurance protects the actual structure of your home and anything that’s attached to it. ![]() When you purchase a home insurance plan through Nationwide, you can expect it to include the following: Though the details of the policy (such as what exactly it covers and coverage amounts) can vary depending on a handful of factors. Nationwide Standard Home Insurance Coverage Plan This might be important should you want to venture into Nationwide’s other insurance policies. Its overall complaint index is also worse than average, compared to lower than average complaint trends among its home insurance customers. However, its customer service ratings as a whole are below average for the industry.
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