You have taken out a homeowners insurance policy to protect your home. That gives you peace of mind, knowing that the structure itself, as well as all of your personal property, are protected. What you may not consider, though, is that there are some areas into which your standard policy will not extend. To fully cover your house, make sure you carry these two types of coverage.
- Ordinance & Law Coverage: If you are forced to rebuild your home after a disaster, you will have to do so in accordance with the current laws and ordinances. As those regulations generally become more—not less—demanding over time, it is very likely that lining up with the laws and ordinances will increase your rebuilding costs. Because homeowners insurance policies will cap how much they cover to help you come in line with regulations, it is important that you have ordinance and law coverage to protect against these extra expenses.
- Water Back Up & Sump Pump Failure Coverage: Water back up is an unfortunately common, and unfortunately costly, problem for homeowners. Because your standard homeowner’s insurance policy likely does not contain protection against water damage caused by back up from your pipes, drains, sump pump, or sewer, it is important for you to carry this coverage in addition to your existing policy. This will ensure that rising waters in your home do not drain your savings account.
For all of your homeowner’s insurance needs, contact the insurance professionals at Abbate Insurance in New Haven, Connecticut. As an independent insurance company, we will work with you to ensure that you have the right amount of protection, all at the right price to fit your budget.