The Basics of Home Insurance
Your house is most likely your most valuable asset. In the event of disaster such as fire, flood, storm or theft, the cost of replacing a house can not only devastate you financially, but can ruin your dreams for the future. Even if it is not a total loss, disaster can severely test your financial resources and your peace of mind. Your house is not like your other assets and possessions – it’s your home.
Homeowner’s insurance helps you start over by providing:
• Money to repair or replace your home in the event of loss.
• Money to replace your contents (furniture, clothes, appliances, etc) if they are destroyed, stolen or damaged.
• Liability protection if someone gets hurt while on your property or if you and your family members accidentally damage someone’s property.
• Money to cover additional living expenses if you are forced to move out of your home because of a fire or some other insured peril.
One of the most important things in choosing a policy is to have an adequate level of insurance coverage, should you need to make a claim. While opting for less cover will cost you less in premiums, having sufficient cover could prove extremely expensive if you ever need to make a claim.
What should you consider when deciding the coverage you need:
• How much will it cost to rebuild your house today?
• How much will it cost to replace the contents of your home?
• What protection do you have against liability claims?
For more information on deciding how much Homeowners Coverage you need,
please
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Contact us.