It’s important that homeowners understand the basics of their home insurance, and this is especially true for new homeowners. It’s important that you understand what is and isn’t covered by your policy. It’s also vital that you get the right amount of insurance coverage for your home in case an incident were ever to occur. Let’s take a look as some of the basic tips you should know.
Covering the unexpected. It’s the job of your insurance to cover the events that are often out of your control. For instance, most policies cover things like theft and burglaries. So, if you someone were to ever break into your home, and rob you of your belongings, your policy may work to replace the cost of your things. This coverage may also include repairs after accidental fires, plumbing emergencies, and acts of mother nature (i.e. tornadoes, hurricanes, earthquakes, etc.).
Knowing what isn’t covered. Many new homeowners have the misconception that Homeowner’s Insurance in San Jacinto, CA is meant to cover every loss and damage that occurs to and in the home. Unfortunately, this isn’t true. An example of this would be mold. Insurance companies are well aware of the dangers of mold, and some do have policies that provide limited coverage. However, many regular policies simply don’t include protection for this kind of thing. Unless you want to learn the hard way about what your policy doesn’t cover, it’s important that you review your policy and speak to your insurer. They’ll likely have options to expand coverages for these types of occurrences.
Be mindful of the value of your home and its belongings. When you purchase Homeowner’s Insurance in San Jacinto, CA be sure to purchase the right amount of coverage for your home. Your coverage amount should be more or equal to the cost to replace your home. You should also take inventory of your belongings (i.e. furniture, appliances, jewelry, paintings, memorabilia, etc.). The insurance company will either factor in the depreciation of these items when paying you, will pay based on full value, or will pay you to have them replaced.
