3 Crucial Home Insurance Endorsement You Should Have

Hey guys, Jason here with 303 Insurance Brokers. I hope you’re having an awesome day. I know I am, and today, I wanted to share my insurance tip of the day with you. I want to talk about some of my favorite home insurance endorsements. I’m working with a whole ton of first time home buyers. Right now.

5 Main Components Home Insurance

1. Dwelling rebuild coverage
2. Separate structures
3. Personal property coverage
4. Loss of use coverage
5. Liability coverage

Check out this video as I discuss a little bit deeper about the 5 main Components of Homeowners Insurance

We see some movement in the real estate market. People are buying and selling homes, and I’ve been fortunate to help quite a few folks get set up with their new Home Insurance. Anytime I talk about home insurance with somebody, we have the 5 Main Home Insurance coverages. We’re going to have your dwelling rebuild coverage. We’re going to have two separate structures, coverage B. We’re going to have your personal property coverage C. We’re going to have your loss of use coverage D. Then your liability coverage E.

Those are going to be pretty similar. Every single insurance company is going to offer those five coverages, but I think what sets a lot of home policies different is what are those optional and extra endorsements that we’re going to choose to add onto your home policy and my three go-to’s, no matter what I include them on every single proposal.

3 Crucial Home Insurance Endorsements

1. Building ordinance or law coverage

The first one is going to be our building ordinance or law coverage that was going to mean is in the event of a claim you have if the codes have been upgraded or changed for your home, you’re going to have insurance dollars to pay for those repairs or upgrades to it. So that’s a dynamite one. You have to have it, no matter what. Learn more

2. Extended rebuild cost

The same one’s going to be our extended rebuild cost and what we want to make sure is that if the cost of materials, cost of labor have gone up, we have a contingency plan of either 25% or 50% of your entire dwelling rebuild budget. We want to make sure we have that contingency plan.

3. Replacement cost of personal contents

The third thing that I always do, no matter what, will be the replacement cost of personal contents. We don’t want to give you 50% to buy a five-year-old TV. We want to replace your TV with a brand new TV. We do that through age. On my previe

Those are my three go-to Home Insurance Endorsements. No matter what, I include them 100%. There are many other great endorsements that I’ll be sharing with you (join me on Facebook every Monday and Thursday as I share Insurance Tips on Facebook Live) here over the next couple of weeks. But those three are key to any proposal that you’d e ever received from 303 Insurance Brokers.

If you have any questions, do you have those or not? I’m going to give you a complimentary review of your current Homeowner’s insurance policy. Feel free to reach out to me.