A home insurance policy pays for the damages or losses to our home caused by a covered event. However, it is important to note that not all events are covered by your insurance. Here’s a list of coverages that you need to include in your insurance.
Insuring your home means you need to get the standard homeowners insurance policy. When getting insurance, it is important to get covered for the full replacement of your home. Note, however, that the replacement value won’t consider depreciation, inflation, as well as current market value.
Other External Structures
If you have garages or other structures within your property but separate from the house, you need to get additional coverage for it. The replacement value of these structures will depend on its design and construction.
Everything inside the house that is valuable to you should be insured. Personal belongings often constitute the second largest factor when it comes to home insurance coverage. More often, this coverage is between 50 to 75 percent of the replacement cost of the main house.
Keep a written or video inventory of your belongings. If you have expensive jewelry, collections, or professional equipment, you may need additional insurance for that.
Liability coverage offers protection from lawsuits that may be filed by others. It also covers damage or injuries to visitors within your property. However, note that intentional acts are not covered.
Your house can be very expensive to insure. However, it’s better to be safe than sorry. Get the insurance coverage that you need. Don’t skimp on your coverage, but rather ask for discounts to reduce your rates.
Here at We Insure Agency, we want your most important investment to be covered by a reliable insurance coverage. We offer financial protection for the most reasonable price. We offer free home insurance quotes to give you an idea of how much your premiums will most likely be. You may call us at (954) 431-9423 or visit our office today.