1. Dwelling Coverage:
This item ensures that your home's structure is protected. In case of damage from covered events, it helps repair or rebuild your house.
2. Personal Property Coverage:
This coverage extends to your possessions within the house, such as furniture, electronics, and clothing.
3. Liability Coverage:
Liability coverage pays for legal and medical expenses if someone gets injured on your property or you accidentally damage someone else's property.
4. Additional Living Expenses:
If your home becomes temporarily uninhabitable due to a covered event, this coverage helps with living expenses like hotel stays and meals.
5. Scheduled Personal Property:
For high-value items, this option provides additional coverage beyond the standard personal property limit.
6. Natural Disasters:
Standard policies might not cover certain natural disasters, so consider adding specialized coverage like earthquake or flood insurance.
7. Replacement Cost vs. Actual Cash Value:
Understand the difference in how your belongings are valued in case of a claim.
8. Policy Exclusions:
Be aware of what your policy doesn't cover, such as certain types of damage or excluded events.
9. Home Inventory:
Create a detailed list of your possessions along with their estimated value. This helps ensure accurate coverage.
10. Discount Opportunities:
Check for potential discounts, such as bundling policies, home security systems, or being claim-free.
