Homeowners’ insurance is designed to protect you from financial loss if an unexpected event occurs. While it is designed to work the same for everyone, it doesn’t mean that every policy is exactly the same. Every home is different, just like every homeowner is different. Everyone has different needs. If you want to make sure your home is sufficiently protected, you will want to work with an agent who understands your needs and can help you build the perfect policy. They know how to assess your needs and determine how much coverage you really need.
No two homes are alike. Even if they have the same floor plan, they may be constructed with different materials and styles of artistry. Homes are also decorated much differently and may have expensive fixtures, while a similar home has more generic fixtures. Garages can be attached or set apart from home. When you look at the exterior of two similar homes, it’s difficult to tell just how different they are on the inside.
It’s All in What You Own
Every homeowner has their own unique inventory of possessions. Some may own antiques, while others have purchased many fine art pieces. Most homeowners don’t have any items with added value that they will need supplemental policies for. If you do have expensive possessions, you will want to protect them. Having items appraised will ensure that you buy sufficient coverage to protect them against theft or loss.
Location, Location, Location
When you buy a homeowners’ policy, you have to be aware of the perils associated with your location. The basic homeowners’ policy does not cover hurricanes, earthquakes, and floods. Because these events don’t occur in every location, they may not be needed. This is why they are offered as supplemental endorsements that are purchased separately. If you are unsure of what perils you may be at risk for, you can call your local FEMA office or an insurance agent.
Every property is unique when it comes to outside perils. Having an outdoor swimming pool, trampoline, or tree house identifies specific perils that you may need to insure separately. Even if you have a privacy fence, it doesn’t completely mitigate your risk of an accident. Certain breeds of dogs will also require that you purchase a separate policy if they bite someone or cause an accident. Understanding what perils you need coverage for is important. Many homeowners have risk factors they don’t even realize are present.
Finding the right homeowners’ policy for your property will mean finding the right agent. If you want to know more about your homeowners’ insurance, contact us today. At Abbate Insurance Associates, our agents will evaluate your needs and formulate a policy that will address all of your concerns and ensure that you get sufficient coverage on every level. Don’t leave your home at risk because you were unaware of certain perils. It is up to you to ensure that you have the coverage you need for your home and possessions.