There are many things that can damage your house! This is what home insurance is for but before you get one, take a look at what it can provide you!
- Damage from Disasters
Not all disasters that can cause damage to your house can be covered by your insurer. What’s usually included is repair or reconstruction of the damages caused by fire, lightning, hurricane, and vandalism. However, you will be needing to get a separate rider if you want flooding and earthquake to be included.
- Personal Liability
You might worry about your dog biting your neighbor or your kid breaking expensive furniture of his friend next door. If any of these things happen, your home insurance has your back! They will shoulder the medical expenses and furniture repair or replacement.
- A Place to Stay
Don’t have a place to stay while your house is under repair? Worry no more! Home insurance shoulders hotel accommodation or the rent for a house while repairs in your property are ongoing.
What are the types of Coverage?
When you pay less, you should not expect to receive more- that’s how insurances work. Same with home insurance, there are different levels of coverage:
- Actual Cash Value - Assessed value minus depreciation
- Replacement Cost - Actual cash value without deducting depreciation
- Guaranteed Replacement Cost - This one pays you 20% to 25% more than your policy limit because it considers inflation
Where Else Can You Use Your Home Insurance?
Home Insurance is also very useful for getting financing for residential real estate properties. Mortgage companies require one before you get approved to obtain their financing! This is also the same for renting out an apartment or a house where landlords require tenants to have an insurance coverage first.
We are sure that you have put so much effort before having your dream house, so let us help you protect it!
At Valencia Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (772) 344-8899 or Click Here to request a free quote.