Understanding Homeowners Insurance

Having insurance is important and necessary to protect your home, but do you know what is included in the insurance? If you have any questions or concerns about your insurance, or coverage you might need, make sure to contact us and we can advise you.

When you purchase insurance, make sure you are getting the right coverage you need. There are different levels of coverage, so you will want to make sure you have enough to cover what you have. You will also want to avoid paying for more than what you need. One level in the policy protects newer, well maintained homes. It can cover against accidents and disasters, except for those specifically excluded by the policy.

You should also understand the details and terms of your policy. The deductible will refer to the amount you will pay out of pocket before the insurance kicks in. The higher the deductible is, the lower the annual premium will be. You will also want to know what liability coverage is. This is the coverage that will pay for medical or legal bills if someone is hurt on your property. Personal property refers to your property such as furniture, electronics, or clothing. Replacement cost is the kind of insurance that will pay for the full cost of replacing your personal property, but only up to a maximum dollar amount. Most of the standard policies offer replacement cost, but you will want to make sure the amount is correct for your items. If you have questions about what your insurance means or covers, always make sure to contact us. We can help answer your questions, as well as advise you on the right coverage that you will need.