Some states do not require a person to have home insurance, however, if your home is financed it will most likely be required by the lender to protect their investment. Also, wildfires are often a result of the warm, dry weather in the summer. You should consider purchasing home insurance to protect you against these destructive weather conditions and any unexpected accidents that can occur.
Home insurance covers the cost of damages to your home and property from the perils listed in the policy, such as severe weather, fire, and theft. You can benefit from the living expenses reimbursement in the case that you need to live elsewhere while your home is being repaired or replaced. The liability portion of this policy also protects you and your investments from claims and lawsuits in the event that someone gets hurt on your property. There may be some exclusions in your policy that you need to talk to a reputable agent at Silverton Insurance Specialist, LLC about.
You can include optional types of coverage and have them added to your homeowners policy.
Flood insurance is an optional coverage that most people do not realize is not included in their homeowner’s policy. To purchase flood protection you will need a separate policy or an endorsement added to your standard homeowners policy. Some communities have coverage that is backed by the National Flood Insurance Program to allow you to insure your home against floods or its contents as well.
Fire and lightning is covered in most homeowner’s standard policies, however you need to read over the policy to make certain you have it and add it if necessary.
Hazard insurance protects your home including the contents and all outbuildings such as garages and sheds.
Windstorm coverage may or may not be in your standard policy. If you live near a coastal area, you want to include this coverage in the event of hail, windstorms, hurricanes, tropical storms, and tornadoes.
This information can be quite confusing to a person that is deciding on a new policy. We at Silverton Insurance Specialist, LLC understand your needs and concerns. Contact one of our knowledgeable agents to discuss what a home insurance policy can do for you.