A Brief Guide To Remember About Home Insurance

We all know the importance of home insurance for our finances and, most importantly, our safety. Buying insurance does not end with applying and paying premiums. You have to understand things, especially when an unprecedented event like a disaster occurs. It’s best to know the ins and outs of your coverage.

Level of Insurance Coverage
Most disasters are not included in your policy. Make sure your policy covers rebuilding, replacing belongings, and covering injuries within your property. It should also allow reimbursement of living expenses for the loss of insured homes.

The most common struggle when disasters come is that your insurance needs to cover the specific risk. Remember to ask for what's included and what’s not. 

What’s Included In Your Coverage?
Most companies typically offer payouts that are categorized into these coverages:

1. Personal Property Coverage 
   It protects your stuff like appliances, clothes, and even jewelry. It will be helpful to make an inventory of your things.
   
   
2. Dwelling Coverage 
   This can cover any damage to the structure of your house, like the roof, windows, and doors. Anything attached to your home could be damaged through disasters, vandalism, or fire. Damages to the garage, tool shed, fence, barn, or pool can also be covered by your insurance policy. 
   
   
3. Personal Liability Coverage 
   Injuries and property damage that can happen within your property, like dog bites, can be covered.

What Isn’t Covered by Homeowners Insurance?
Earthquakes and sinkholes - damages caused by earthquakes can only be covered if you have earthquake insurance. Also, sinkholes are usually covered only in Tennessee and Florida.

1. Maintenance Issues 
   Your company may not cover damages like mold, termites, damaged water pipes, and sewage. 
2. Floods or hurricanes 
   Floods caused by hurricanes and the damages caused are not usually covered by insurance. But, there is available flood insurance that can pay for structural damages at home.

Conclusion
Preparation can save your life, and understanding your policy is another thing. Buying a premium and having insurance is not just the end. You must remember your rights and limitations to decide better before claiming.

At AllRisk Auto Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (360) 693-4044. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!