5 Main Components of Homeowners Insurance

1st coverage

Which is the Dwelling. We need to figure out how much it would take to rebuild your home back to the condition that it’s in. We’re not worried about the value of the land. We’re not concerned with the foundation but what it would take to rebuild your house on top of the existing foundation. Often, we’re going to utilize a proprietary software from each of our carriers to identify what that correct amount is

2nd coverage

we’re going to focus on is coverage B, which is separate structures. Separate structures focus on if you have a detached garage or your fence, or if you have a shed in your yard, what are those detached structures looks like. How are those insured underneath the primary home policy?

3rd coverage

We look at is personal property. We want to make sure that we have enough insurance dollars to replace your personal belongings. That’s going to be your furniture, electronics, and clothing and includes things like your washer and dryer, your refrigerator and a lot of times your stove if it’s removable.

4th coverage

We’ll follow that up with the loss of use in the event of a significant claim, and you aren’t able to live in your home. You still have a mortgage that you have to pay. So your insurance will give you dollars to go out and find a comparable living situation for up to 12 months or 24 months. We want to help make sure we’ve got the right amount of money for that.

5th coverage

The 5th one is going to be your liability coverage. Suppose somebody slips and falls in your house or your dog attack the mailman. We want to ensure that we’ve got liability coverage to protect your home if there’s an accident that happens or you get sued for something.

So if you are interested in making sure that your property is adequately protected, please feel free to reach out to me for a complimentary review, Jason, with three or three insurance brokers.