It would be wonderful if new homeowners got a crash course in home insurance, but that doesn’t happen. You are responsible for educating yourself about the things you need to know about home insurance. You do have choices, and there are exclusions. We at Bryan Insurance Agency LLC in New Windsor, NY have the answers you may need about your home coverage. We will discuss your coverage with you to make sure you understand it well.
Liability coverage is not one size fits all.
Liability coverage is critical to your financial security, and ensuring you have enough is vital. If you don’t have a lot of assets, then you don’t need as much as someone with a lot of assets.
You can choose what type of content coverage you have
Content coverage comes in two types. You can select the current value of your possessions, which takes depreciation into account, or you can opt for replacement costs. It depends on what your attitude is toward your possessions.
Your policy has exclusions.
Not every hazard is included under your home insurance coverage. Exclusions include:
- Floods
- Earth Movement
- Sewer backup
- Owner Neglect
- Pest infestation
- Mold
- Some dogs
Some coverage has limits
Jewelry, in particular, has a limit. You should consider getting additional coverage if you have any valuable jewelry pieces.
You can add riders to your policy.
A rider is an additional or extension of coverage you already have. You should consider adding riders if you have jewelry, art, antiques, and expensive electronics.
You may be eligible for discounts.
Talk to your insurance agent about any discounts you may be eligible for, including a multiple policy discount, how close you live to the fire department, and the smoke detectors and home security you may have installed.
Contact Bryan Insurance Agency LLC in New Windsor, NY to discuss your home insurance needs.