Your home is a major purchase that needs to be insured properly to protect your investment. Our responsibility is to educate you on the coverages and limits you need so you’ll be protected when you need it most.
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners’ responsibility.
When looking at your homeowners policy, there are some important questions to ask to ensure you have the proper coverage:
1. What is the value of my property? The right limit here is not what your home is worth, but rather the cost associated with rebuilding your home.
2. What is the value of my personal property? Putting a limit on all of your personal property can be tough. Our expert team can help you assess the proper limit to ensure all of your belongings are protected.
3. How much liability protection do I need? Knowing the right limit for liability protection can be tough to calculate. Ideally, it should be enought to protect all of your assets, but there are situations where you may need it to be even higher.
4. Do I have any unique or valuable items? Items like jewelry and antiques will often require additional coverage to ensure they’re properly protected.