What would happen if a disaster struck your home tomorrow? We know that’s not the most fun thing to think about, but the reality is that it could happen and it’s best to be prepared. So what would happen? Are you confident you’re properly covered for damages and total loss? Would you be required to pay for some or all of the repairs out of pocket?
Home insurance makes sure you’re covered in case of a disaster.
Home insurance is smart to have!
Home insurance covers the hazards that most homeowners face. Everything from fire to theft, a cracked foundation to accidents on your property. When a loss occurs, you’ll file a claim with your insurance carrier and will be paid for the expenses, minus any outstanding deductible amounts.
Insurance also covers personal liability exposures to protect you from many situations that could lead to lawsuits from others. For example, you could be held responsible if someone slips and falls in your home or is injured on your property. Liability coverage is there to protect you.
Who needs to insure their homes?
Home insurance isn’t just for people with traditional houses. Home insurances also benefits owners of:
● Frame houses
● CBS homes (Concrete Block Structure)
● Manufactured homes
● Mobile homes on acreage
● Secondary homes
● Homes you rent to others
● Seasonal resident homes
● Even residents that only rent should make sure they have the right kind of renters insurance in place.
What else should you consider?
Worried about flooding? What about your sewer backing up? Do you have a home theatre system? There are many problem areas that consumers don’t think to consider.
We want to you be aware that:
● Most policies will not cover sewer back-up unless you purchase a special endorsement—it’s not expensive, but you won’t get it if you don’t ask for it
● Damages caused by surface water or water that flows below the surface of the ground aren’t usually covered
● A standard Homeowners policy typically does not include Flood Insurance
● A standard homeowner policy only covers jewelry up to set limits if the loss results from one of the perils named on the policy
● Many policies default to actual cash value, which means if you purchased a widescreen TV and home theatre system for $1,000, it may now only be worth $450, so that's all you'll receive on the claim. Just like the dwelling limit mentioned above, replacement cost insurance pays out the total replacement value of your possessions, not their market value, in the event of a claim.
● IMPORTANT: You can combine your Home and Auto policies (and others) for even more savings. So, is home insurance right for you? Absolutely! Let’s make sure you’re covered.
Contact us and we’ll help you find the right insurance policy for your unique circumstances!