You can start by getting a home insurance quote from a local indie-agent. Your local agent knows your area best and can sell you a policy from a company that also knows your area. Your independent indie-agent will also be there to answer questions as you continue to build and modify your dream home. You may find you will need different levels of personal property coverage or liability as you go through life and your family grows.
Increasing your liability coverage with an umbrella policy is very cost effective and will provide an additional million dollars of liability over your home and car insurance policies. Finally, we recommend you check that you have “replacement cost” on your dwelling coverage as well as replacement cost on contents (personal property) coverage.
Many homeowners assume all their belongings will be covered but you must in fact have the proper limit and see that you carry necessary insurance options like “Replacement Cost of Personal Property” rider so your personal contents are not depreciated at the time of a claim. Don’t wait for a loss to occur before you find out you didn’t carry enough coverage.
While your home policy will not cover acts of violence or intentional damage the home liability coverage will cover you if someone is injured on your premises and you are found negligent. Other typical liability situations would include dog bites or injuries caused to visitors of your home like an icy sidewalk.
If someone files a liability claim against you, your homeowners insurance can pay for property repairs, medical or funeral costs or even a lawsuit if the injured party chooses to launch a legal process under liability coverage. Allow an independent agent to assess your possible risk and deductible option in order to make sure you have adequate coverage. You may find you have been under insured for years or that by increasing your deductible you could have been saving money. Often times liability is least expensive homeowners insurance coverage option.
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