You buy homeowner’s insurance to protect your most important asset. Or, if you are a renter, you buy renter’s insurance to cover your personal property and legal liability. Whatever the case, there are many risks to which you are exposed. Some risks are obvious such as fire and theft, while others are not. We wanted to provide you with some of the not-so-common claims that can arise out of homeownership or renting.
Remember, not all homeowners or renter’s policies are the same. Here are a few important coverages you need to consider.
- A reasonable deductible
- Loss of use
- Replacement cost coverage
- A highly rated insurance company
- An agent who understands your needs
- Enough liability coverage
A well-written homeowner’s policy will pay to replace any of your personal property that is destroyed in a fire or other disaster. The policy will also be your first line of defense against a lawsuit from someone injured at your home.
