Pride of ownership is the satisfaction and responsibility of possessing something valuable, like a home or car. It involves maintaining and protecting the item from risks or damages with care, maintenance, and insurance to preserve its value and your investment.
In the context of Homeowners insurance, well maintained property is important. Insurers may require a home inspection to assess the condition of your asset before providing coverage. This helps determine the eligibility for insurance and guarantee that the property meets certain safety standards.
Additionally, the neighborhood where your property is located can also impact eligibility. Some companies consider factors such as crime rates, proximity to fire stations, and natural disaster risks when determining coverage and premiums. It is important to be aware of these factors and choose a district that aligns with your needs.
Overall, pride of ownership encompasses the responsibility of maintaining and protecting your property, as well as meeting the requirements for insurance eligibility. By taking these measures, you can ensure that your investment is well-protected and that you have peace of mind as a homeowner.
Pride of ownership is essential for insurability in PSIC. It also grants access to policy discounts. For instance, homeowners who renew roofs or install security alarms are rewarded with rebates.
Consult with your insurance producer to learn more about the coverage options available to you and ensure that you have the right protection in place.
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Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
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We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.