Things To Check With Your New Home Insurance Policy
If you have just purchased a house, the first thing that was likely mentioned was the need for home insurance. This is standard with any home purchase, but what may not be standard are the included items on that insurance. Before you settle on an insurance company, you need to check into what is covered and what is not, even if you think it should be. You may find that the following items are not covered.
Earth Movement Coverage
You may have heard of sinkholes coming up in neighborhoods across the country. These sinkholes can swallow a small portion of your landscape, your car, or your entire home. In fact, there have been many stories of sinkholes swallowing homes within a matter of minutes to hours. This is a bad enough issue as it is, but when you find out you have no insurance that covers the issue, you are without a home or a way to replace it. With that in mind, if you live in an area prone to this issue, you should check your insurance. Find out if it covers earth movement or if you can add that coverage on as a precaution.
Firearms Coverage
If you own firearms, and you store them in the home, you may want to check for firearms coverage. Coverage can vary to cover issues in the home caused by firearms discharge. These issues can be for replacement or repair of the home and can also cover the loss of the firearms due to theft or damage to the home itself. You should also check that the insurance coverage, as part of your home coverage, does not override or invalidate insurance you may have on the guns themselves.
High Risk Natural Disaster
High risk natural disaster insurance is generally something that is covered in areas that are at a high risk for multiple natural disasters within a year. For example, those who live on a coastal area may be at higher risk for flood damage and hurricanes. Someone who leaves in the midwest may be at a higher risk for tornadoes, while those in the North of the United States may be at a higher risk for snow related damage.
This insurance is not always covered as part of your home insurance, meaning that anything coming from these disasters that is damaging would not be covered under the insurance. For this reason, it is vital to check that you are covered if you live in a high risk area.
By checking into these items, you can ensure that you have the best home insurance coverage for your home and for the area you live in. If you are ready to purchase your home insurance, or have questions, contact a home insurance company, like Accredited Insurance Group Inc, for a consultation.
