Homeowners insurance is one of the most important items in the escrow closing. You are purchasing an excellent package providing property and liability protection for assets most important to you. Following are some items found in a homeowners policy…
Dwelling - Most policies today are protected with broad coverages on a replacement cost basis. Although protection is very broad in most policies, do not forget to ask about optional coverages such as flood and earthquake.
Personal Property - Like the Dwelling, broad coverages are usually offered with the replacement cost endorsement, but there are limitations on items such as: jewelry, watches, furs, guns, silverware, etc. Special policy endorsements are offered by most carriers providing broader protection and higher limits.
Additional Living Expenses - Protection for expenses you may incur over and above normal living expenses as a result of a loss from a covered peril such as fire, for example.
Liability - Protection if you or a your family member accidentally causes bodily injury or property damage to a third party. This coverage extends beyond your home. Examples: accidentally injuring somebody on a golf course, hunting accident, your pet causing bodily injury or property damage. Note: Most policies come with a basic limit of $100,000. To increase these limits is very inexpensive and strongly recommended!
Our agents are knowledgeable and will answer questions you may have as well as providing you quotes from some of the best insurance carriers in the industry! Call the agent who works for you not just one company!