Key Things to Know About Your Home Insurance

Essential things to know about your home insurance policy.

Just because you have secured home insurance does not mean that your job is done.  You still need to review your policy and collect important pieces of information.  Not sure what you need to know about your coverage?  Here are some of the things that you should know about your homeowners insurance at all times.

  • Your Coverage Limits

All insurance policies have their limits, and your home insurance policy is no exception.  Your homeowners insurance likely comes with varying limits for different areas of coverage.  For instance, your policy probably places specific dollar limits on things like dwelling and personal property coverage.  Make sure you read through your policy and work with your insurance provider to determine if your coverage limits are high enough to address your risks.  If you need to increase your limits, then your insurer should be able to make these adjustments for a small premium increase.

  • Your Covered Perils

Many homeowners make the mistake of assuming that their homeowners insurance protects them from every threat that comes their way.  However, there are certain perils and damage events that will not be covered by your standard home insurance policy.  For instance, regular home insurance will specifically exclude coverage for floods, earthquakes, sewer backups, pest infestations, and issues related to a home business.  To ensure that you are not caught off guard by a coverage gap, make sure you read through your policy and speak to your home insurer to discover exactly what your policy will cover.  Keep in mind that there are various insurance endorsements and specialty policies that can fill your coverage gaps if necessary.

These are two of the essential things that you need to know about your homeowners coverage.  Need help understanding your home insurance policy?  If so, then contact the experts at Duane Weber Insurance, Inc. in Kent, Washington.  Our dedicated team is eager to assist you with your home insurance today.

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