Homeowner’s insurance offers coverage in the event of damage to your property and liability protection for injuries and/or damage that you cause to others on your property.
While homeowner’s insurance is comprehensive coverage, there are some things it does not cover. That’s why it is important to have an agent working for you to help you understand your coverage needs to make sure that you have coverage tailored for your needs.
Homeowner’s insurance coverages:
Your Home - Your home should be insured for an amount based on the replacement cost value of your dwelling. Replacement cost is what it would cost today to rebuild your house in the event of a loss and based on current building codes. There usually is a deductible, which is an amount you would be responsible for before the policy starts to pay out.
Personal Property - Policies automatically provide a separate amount to cover your personal belongings, however, there is a deductible. We suggest that our clients create a home inventory. In the event of a claim it will make it much easier to document your loss and make the claims process much easier.
Personal Liability - If you are legally responsible for an injury to a guest or for damage you cause to another person’s property, the personal liability section of your policy can provide important protection.
Other Structures - Basic coverage is included for any detached structures on your property. Examples include sheds, garages or fences. There are specific limits on the amount of coverage available for these types of structures depending on the amount of coverage for the home itself.
Loss of use of home - If your home were to become uninhabitable, your policy can provide valuable benefits to help you with additional living expenses.
There are many coverages offered by insurance companies. At Gatta Insurance we take the time to understand your unique situation in order to provide you with an insurance program that meets your specific needs.