Getting the Most from Your Home Insurance
Are you confused by your home insurance?
You don't need to be. Gain a better understanding of home insurance coverage to make an informed decision for your needs.
What is contained in a basic homeowners' insurance policy?
You should know what a basic policy offers in order to determine if you need additional coverage in New York. Make sure your home and property are fully protected with the best home insurance policy for you.
Getting the information you need will protect you in the future, as well as empower you to compare insurance companies to make sure you are getting the best deal for your money. Whether you are a new homeowner or have lived in your house for years, it pays to review your policy and make sure that your assets are fully covered.
What Does Your Policy Include
In order to avoid any potential unpleasant surprises in the future, you need to know exactly what is covered in your policy – and what is not. You want security and a strong peace of mind against disasters. With the right coverage policy, you will have the resources and financial means necessary to rebuild your home in case a disaster, robbery or other problem occurs.
What is Basic Coverage?
The basic home insurance policy typically covers the house, the belongings inside, living expenses (if the home becomes unlivable) and liability protection in the case of a disaster. While coverage for instances like vandalism, theft and fire are typically covered, most basic plans do not include earthquake, wind or flood damage. If you want additional coverage, you will need to ask these situations to be included into your policy.
Additional Coverage
Many home insurance policies will include liability protection in their plans, which will help you if legal action is taken against you for estate damage or bodily harm. Also, some companies will give you living expenses if your home becomes uninhabitable, but not all providers offer this option, so you will need to pay attention to whether this is included. Finally, ask your provider about protection against identity theft as well.