Ask These Questions Before Getting Home Insurance

Getting home insurance can be a confusing task. You need to decide how much you need and what coverage you should get. The chances are that your home is your home prized your possession. Thus, you’d want to have it protected with the most reliable insurance out there.
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Choosing the right coverage need not be a difficult task, though. It’s just a matter of evaluating what you have and how much they’re worth. And then, you need to match them up with coverage that meets your budget.
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Here are some things you need to ask your agent as you explore your home insurance options:

What does a standard home insurance policy cover?

The standard home insurance policy covers structural repairs for covered damages and losses. This would include the attached structures to your home like the balcony. Detached structures like shed or fence, on the other hand, have limited coverage.

Your standard policy also includes liability coverage. This coverage will help protect you and your family against lawsuits when you’re responsible for the damages or injuries someone incurred at your home.

Coverage for additional living expenses will also be included in your standard home insurance. This will help pay for the expenses of temporary living arrangements while your home is being repaired or rebuilt after a covered event.

What is not covered by a standard home insurance policy?

Certain events, like floods and earthquakes, are not typically covered by a standard home insurance. Thus, if you want coverage for these events, you may want to consider getting separate coverage from your insurers. In addition, your home insurance will also not cover anything that is outside the scope of the policy.

Will home insurance cover my personal property?

Home insurance policy typically covers personal properties such as artwork, electronics, furniture, and other possessions during a covered event. However, know that this coverage may have its limits. If you think that the coverage isn’t enough, consider purchasing more of it.

Will my insurance be enough to cover rebuilding costs of my home?

The amount of insurance your home has should equate to the estimated rebuilding cost of your home. But if you insure it for less (or its market value), and you’ll lose it in a covered event, your insurance won’t likely be enough. That’s primarily because your home’s market value may be below the cost of labor and materials needed to rebuild a similar home today.

What other separate coverages will suit my needs?

There are additional home insurance coverages that will definitely suit your needs. These are:

• Equipment  Breakdown Coverage. This covers the sudden breakdown of appliances like your refrigerator, heaters, air conditioner, and more. Note, however, that this won’t pay for normal wear and tear of your appliances.
• Identity Recovery Coverage. This provides coverage for instances when your identity is stolen.
• Umbrella Policy. This policy provides extra liability coverage on top of your standard policies. It pays for the remaining costs exceeding your standard policy’s limits in a covered event.

Are there discounts that I will qualify for?

Insurers typically offer discounts. Even if your agent doesn't mention it, don’t hesitate to ask them if you are entitled to any discount.
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From heavy rain to fire, you just can’t predict when something might happen to your home. But with the right coverage, you’ll surely get the peace of mind you deserve. Here at Roper Insurance Services, we will help reduce your financial risks to preserve your future. We offer home insurance products that you can customize according to your needs. You may contact us at (828) 697-6709 or email us here. Talk to one of our agents and get a free home insurance quote from us now!