Your homeowners insurance may have served you well in the past, but a few changes to your lifestyle may make it as useless as that coupon you’ve been saving for the past five years in your kitchen drawer.
Homeowners insurance can be a rather confusing policy what with all of its insurance lingo covering the entire document. If you haven’t read your home insurance policy, it is important that you find the time to do so in order to avoid any misunderstandings when the time comes to file a claim. The last thing you want is to think you are covered only to find out your coverage does not apply to a certain peril. When it comes to your homeowners insurance, here are a few things to review in order to assure that you are covered for all of your risks.
- Structure – You need enough coverage to completely rebuild your home if it were completely destroyed by a covered disaster. Some people only cover their home to satisfy their mortgage because they often forget about the cost of cleaning crew, materials, and construction. Talk to your agent about adequate coverage.
- Contents – Your things need to be protected, too. Homeowners insurance contents coverage is set to 50 to 70 percent of the amount for which your home is covered. For example, if you have $100,000 in coverage you get $50,000 to $70,000 to replace your things. There’s often a cap for really expensive things like art or jewelry, and for that you need additional insurance.
- Liability – If someone injures themselves on your property, you need liability insurance to cover their medical costs. If you have Attractive Nuisances like a swimming pool, trampoline, tree house, dog, or basically anything fun, you need to review your policy to ensure you are covered for the extra risk to your house.
Make sure that you have a homeowners insurance that you understand to avoid any misunderstandings. To get excellent coverage for your Connecticut home, contact C.V. Mason Insurance Agency in Bristol today.