Any responsible homeowner knows that home insurance is an important investment to protect your property. In fact, most mortgage companies will require you to maintain home insurance for the duration of the loan. Even so, many people aren’t familiar with the details of these policies and what they actually cover.
Most standard home insurance policies can be broken down into three main sections, which include:
- Property: This portion of your policy protects the structure of your house. You can be reimbursed for damages if a covered event occurs, such as weather damage, theft or fire. Depending on the details of your policy, your detached garage and/or shed may also be protected by this coverage.
- Contents: This coverage protects your personal belongings within the home, such as furniture, clothing, artwork, computers and more. It’s a good idea to create a personal inventory; this can help you can more accurately estimate the overall value of your belongings, allowing you to get the right amount of coverage.
- Liability: In the event that a guest is injured on your property or other damages are sustained, this coverage can provide reimbursement for medical expenses and any associated legal expenses. Liability coverage is especially important if you have a pool or trampoline, as they can pose significant injury risks.
Your home insurance policy should be customized to your needs, in terms of the amount of coverage you purchase. It’s ideal to find the right amount; this way, you can rest at ease knowing that your assets are protected, without paying for more coverage than you need.
Ready to get started? Our agents are ready to offer personalized assistance in order to help protect what you value most. Call McInnis Insurance Services, Inc. for more information on home insurance.