Do You Know Your Homeowners Insurance Policy?

Posted on December 1st, 2015

Homeowners Insurance

Homeowners Insurance is about keeping your investments safe and protecting what you care about. At the most basic level this is what homeowners insurance is about. Most people don’t understand what they are paying for or what they need. And unfortunately people usually don’t think about what their homeowners insurance covers, until something happens.  Here is a list of a few things that anyone that either has homeowners insurance or is wanting to purchase it, should know and look for.

What it covers:

Typically homeowner insurance will cover a variety of events and disasters that cause damage to a home. Disasters could include Fire, Storm damage, theft, or vandalism. But make sure that you know what your homeowners policy actually covers. Many people have bad experiences w
hen they go to to file a claim on their insurance because they aren’t adequately covered. Having an independent insurance agency makes it much easier to understand what you being covered for and why.

What it doesn’t cover:

Standard homeowner insurance policies have exclusions, which often include events like landslides, earthquakes, sinkholes, etc. Talk to your local agent to make sure that you are covered for the types of disasters that may be specific for you.  You can purchase extra insurance that protects you against all of the above disasters. No one wants to have something happen that isn’t expected and then find out that you aren’t properly covered.

 

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 Use an Independent agency:

There are many advantages to purchasing homeowners insurance through
and independent agency. One of those reasons is that they have the ability to shop across multiple different insurance providers. This allows your agent to get you the best coverage that will fit y
our needs and will work with your budget. Another great benefit of using an independent agents for your homeowners insurance is that they are local! You can walk into their office and talk to your agent face to face and work with someone who knows your name.

It is always a good idea to have your agent do a review of your homeowners insurance policy and make sure that your home is properly covered. If you don’t have a good agent or need help with your homeowners insurance, then give Wise Insurance Agency a call. Also please check out and like our Facebook page.