When choosing a homeowners insurance policy for your new home, it is important that you take a moment to consider what all you need to cover and that you do enough research to ensure that you have sufficient coverage to meet your needs. Should a disaster occur, you do not want to find that your homeowner’s insurance policy was not as comprehensive as you thought it was. To help prevent this from occurring, here are a few things that you may want to consider adding to your homeowner’s insurance.
Consider The Costs
When choosing a homeowner’s insurance policy and deciding what protections you want your policy to include, you may want to consider adding coverage that will pay the entire cost of replacing your home. What many homeowners do not realize is that a standard homeowner’s insurance policy likely won’t cover the full cost to rebuild their home in the event of a total loss. You may then want to consider adding coverage for dwelling replacement costs so that you do not find yourself without a way to repair or replace your home in the event of a disaster.
Consider Adding Additional Coverage
Speaking of additional coverage, when purchasing homeowner’s insurance you should also take into consideration your home’s location as well as the value of your belongings, as you may want to consider taking out additional coverage in order to ensure that you are covered no matter what happens. For instance, you should think about what natural disasters are common in your area. What many homeowners do not realize is that basic homeowner’s insurance policies do not cover natural disasters such as earthquakes and floods, so you may want to consider adding additional coverage if you live in a high-risk area.
Additionally, most homeowner’s insurance policies do not provide sufficient coverage for your more valuable possessions such as fine art, jewelry, antique furniture, or high-value collections such as wine or baseball card collections. It is important that you assess the value of the belongings in your home and determine whether they would be covered by your homeowner’s insurance. If you have any high-value items or collections, you may want to consider insuring them separately with personal articles insurance.
If you are in the process of purchasing or moving into a new home, it can be overwhelming to try to determine how much homeowner’s insurance coverage you need. Fortunately, you do not have to make this difficult decision alone; contact us for advice on choosing a homeowners insurance policy that will meet your needs.
If you would to like to discuss your options for homeowners insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
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Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.