Making sure your home is properly covered for a disaster.
As a homeowner, your home is your castle. It’s likely that it’s your biggest asset, so it is crucial to avoid being underinsured. To protect your home from disasters, you should update your insurance frequently to include major improvements and increased building costs. Find out how to make sure your home is covered from disaster damage.
Your policy will need to cover the cost of rebuilding your home at current construction costs. Many homeowners confuse the real estate value of their home with what it would cost to rebuild it. Generally, you should have enough insurance to rebuild your home in the event that it is completely destroyed.
Almost all homeowners insurance policies provide coverage for your personal belongings for about 50 to 70 percent of the amount of insurance you have on the structure of the home. For example, if you have $100,000 worth of coverage on the dwelling, you could be covered for $50,000 to $70,000 worth of the contents of your home, depending on the policy. Make sure to discuss this coverage with your insurance agent.
Additional Living Expenses
When your home is in disrepair, your insurance may be able to help you when you have to stay in a hotel while your home is getting repaired. From hotel bills to restaurant costs, your insurance can cover expenses while your home is inaccessible or being rebuilt.
It’s also vital to have sufficient liability protection. This covers you against lawsuits for bodily injury or property damage that you or your family members are liable for.
Are you ready to secure the right homeowners insurance policy to protect your house from a disaster? Contact McCarty Insurance Agency to get started on the right policy for your new home and needs in Fresno and areas of California.