Your basic homeowners’ insurance covers all of the most basic perils, but it may lack covering a few extras. Know what perils are listed in your policy and which ones are not. Your insurance agent has supplemental policies that you can purchase if you need a little extra coverage to make sure you are fully protected.
Extra Coverage
Extra coverage can include anything that holds a higher value than similar items. Antiques, collectibles, fine works of art, expensive jewelry, or anything that may be considered to be vintage will often be worth much more than it was originally purchased. These items should be appraised to find out their true value.
Natural Disaster
Natural disasters like floods, earthquakes, and hurricanes are unique to certain areas. To be fully protected, you will need to have specific types of insurance policies to cover any damage they may cause. Your insurance agent will help you determine if any of these are needed for your home.
Coverage for Swimming Pools
Swimming pools can push you into a high-risk category if you don’t take specific precautions. Put up a security fence and install lights around the pool to make it more visible after dark. It’s also a good idea to buy a specific policy for your pool in case an accident happens.
Equipment Breakdown
Home appliances can be quite costly to repair. Buying coverage for your home appliance and systems will help you recover from the cost of a breakdown if one should occur. You will still need to perform regular maintenance, but the cost of repairs will be less painful.
Water Coverage
A basic homeowners’ policy doesn’t always cover a sewage backup and standing water around your foundation. Most insurance providers will offer supplemental coverage for different types of water damage. Look closely at your policy to determine what types of damage you will need supplemental coverage for.
Supplemental coverage may be needed to fully protect your home and belongings. Call our agents at Steve Wilk Insurance today to learn more. The more you know about your basic coverage, the better you will be at choosing the right type of supplemental insurance to fill in the gaps.
