Homeowners insurance is a necessary part of home ownership. When you buy a home, your mortgage lender requires you to get coverage. Carrying a policy helps protect you and the lender against common threats and losses. More importantly, you want coverage that gives you peace of mind. With the right policy, you ease worries and gain the confidence to enjoy your home.
Clarify the Value of Your Property
A common disagreement when you file a claim on home insurance relates to the Replacement value of your house. Avoid the disagreement by clarifying this value of your home with the policy provider.
Get an official appraisal of the home's replacement value. Aim to make sure your policy covers the actual value needed to rebuild your house.
Read the Exclusions
The most basic home insurance usually only covers a handful of damage scenarios. Standard policies, a step higher, often offer more coverage. However, even standard plans have exclusions and limitations in the plan.
Do not assume that your policy covers every risk to your home. Read the details about limitations or exclusions. For example, most policies do not cover flood damage. You may need to get extra coverage for specific situations. Clarify any concerns about your worries as you obtain a policy for your home.
Take Your Time
Avoid rushing to find the right policy. You want to ensure that your home insurance policy has the right coverage for your needs. Your insurance agent can help you find the correct policy.
Your family needs a home insurance policy that gives you peace of mind that comes by having the right insurance to help you recover from loss. By helping to design the details regarding coverage, the value of your home and understanding the exclusions, you helped find the right home insurance for you.
We've got you covered. Ten Eyck Group can help you get a homeowners' insurance policy to meet your needs. Call us at (518) 464-0059 for more information.