Home Insurance
While your home is likely one of your most significant assets, it can also be the source of large expenses if anything happens to it. Make sure your family is adequately protected.
A Homeowner's Insurance Policy protects you against fire, wind, lightning, windstorm, and hail, to name a few. Not every natural disaster is covered by your homeowner's insurance policy. Earthquake and flood disasters are not covered by default but can be purchased additionally on a separate policy.
Important Homeowner's Insurance Coverages
Dwelling Protection
Dwelling protection insures the structure of your home against risk covered by your insurance policy
Other Structures
This coverage may cover other structures on your property that are not attached to your house. Other structures include things like barns, fences, storage sheds, and detached garages.
Personal Property
Personal property refers to all the items in your home that are not a part of the structure itself. Personal property is your belongings; the things you take with you when you move. A couple of ways personal property insurance protects you in the event of fire or theft. Extended coverage is available to cover higher-value property such as jewelry, art, and firearms.
Loss of Use
If you must temporarily relocate due to home damage incurred by a covered cause, loss of use coverage can help relieve some financial costs. It covers things such as a place to stay, live, food, and other essential expenses, up to a limit specified.
Personal Liability
Protection from claims by others for property damage or bodily injury is provided by personal liability coverage.
Replacement Cost or Actual Cash Value
You have a choice of two methods when insuring your possessions: actual cash value or replacement cost. The choice of actual cash value pays to replace your home or belongings up to the limit of your policy, minus the depreciation. If replacement cost is chosen, there is no deduction for depreciation, and it pays the actual cost of home or belongings replacement up to your policy's limit.
Having the proper homeowners insurance coverage is extremely important. Let one of our knowledgeable team members customize your homeowners insurance policy to fit your family's needs specifically.
