Most people don’t know a lot about home insurance. It sounds complicated, and it can be hard to find the right company. If you need some help understanding your coverage or choosing a policy, here are four things you didn’t know about home insurance that might help!
1. You Can Get Coverage for More Than Just Your House
Most policies offer protection for other structures on your property and any personal items inside those structures. Homeowners have been known to insure their cars from damage caused by falling trees in storms. Remember: if it’s on your property and could cause damage or injury if destroyed, it should probably be insured with a homeowner’s policy!
2. Homeowners Insurance Is Not one-size-fits All
No two homes are the same. And because every house is different, a homeowners insurance policy will be different too. The best way to get a good idea of what you need for coverage is to create an inventory of your belongings and their individual values. That way, you can take the time to shop around and find a policy that has everything you want at a price you can afford.
3. Homeowners Insurance Includes Loss of Use Coverage
Most policies include additional living expenses coverage, which kicks in if you have to temporarily move out of your home due to damage that makes it uninhabitable. This is an important feature because you could be forced to live elsewhere for days or even weeks while your house is being repaired.
4. Homeowners Insurance Does Not Cover Flooding
Flooding is often excluded from standard homeowners insurance policies. Instead, most people purchase a separate policy called flood insurance, which the federal government regulates. If you live in a region prone to flooding, it’s one of the best things you can do to protect your home and assets.
Home insurance is one of the most important coverages you can have. If you need any help or advice about what kind of policy to get, Brevard Insurance Agency Inc in Brevard, NC, is here for you. Give us a call today!