What should your home insurance policy cover?

Homeowners in Coppell, TX know how important it is to have home insurance that covers everything that could potentially go wrong with a house.  Fortunately, the agents at The Select Insurance Agency know how crucial it is to find a good home owner’s policy for each of their clients.  If you’re currently in the market for a new policy, consider whether the policies you’re comparing cover these things.

  1. Natural disasters.  As it becomes harder to predict the frequency of storms and other events, some insurance companies are dropping coverage for events such as hurricanes and sinkholes.  If you opt for a policy that excludes coverage for these events, make sure you have ample savings to fall back on.
  2. Small items.  While items such as jewelry and cell phones are technically covered by most home policies, most people don’t make claims for them because of their high deductibles.  Ask your agent about adding a rider for these items.  You’ll pay a much lower deductible if you have to make a claim, and you’ll get better coverage than most store-bought warranties for these items.
  3. Detached buildings and structures.  If your property has a shed, pool house, or a dock, then it is possible that they aren’t covered by your home insurance policy. In many cases, these buildings are specifically excluded, particularly if they were added without a permit.  If they are covered, make sure that the coverage limits give you enough funds to completely replace them in the event of a disaster.  Many policies offer relatively low coverage limits for these items.

If you’re thinking about investing in a new home policy, call the agents at The Select Insurance Agency.  They have years of experience helping Coppell, TX residents find policies that are right for them and their families.