Sadly, many homeowners do not exactly understand their homeowners’ insurance policy and what it covers. Are you one of the many homeowners that simply hands over the money each month and has absolutely no clue what coverage options you are paying for and what coverage options you are lacking, but needing? An informed homeowner is a prepared homeowner.
Many homeowners wrongly assume that all of their personal possessions receive coverage under their homeowners’ insurance policy. However, there are a variety of exceptions and exclusions you must know before being affected by a loss. The standard homeowners’ insurance policy will provide coverage for about 10% of the limit listed on your policy for items outside of your home for temporary occasions, such as traveling.
Many homeowners’ fail to realize that their valuable items may not be receiving coverage under their policy. In order to guarantee coverage of your most expensive items, such as furs, firearms, family heirlooms, collectibles, antiques, etc., you must have your items scheduled. Scheduling your items will require you to obtain an appraisal. Once the appraisal is approved by your insurance company, all appraised items will be labeled as scheduled items, and you will receive reimbursement for the amount listed on the appraisal.
If you are one of the many homeowners who does not exactly understand their homeowners’ insurance policy, feel free to give us a call! At Steve Wilk Insurance, we believe that an informed homeowner is a prepared homeowner. You should know exactly what is covered and what is not covered so that you will know how to act appropriately after a disaster.
Contact Steve Wilk Insurance in Lombard, Illinois for all of your homeowners’ insurance needs. Your home is likely your biggest investment and we are here to provide that investment with guaranteed protection. You deserve to feel at ease in your home.