Insurance Home Insurance Coverage - What Do You Really Need?
Protect Your Property
A typical homeowners insurance policy covers your home and your personal property against loss or damage by fire, theft, vandalism, and other causes. It includes:
* Your home, other structures on your property (such as a shed), and outdoor items such as trees, lawn furniture, and sprinkler systems.
* Personal property, such as clothing, furniture, electronics, and appliances. For your home, you need enough insurance to cover the cost of rebuilding your it at current construction costs.
To estimate this cost, multiply the square footage of your home by the building cost per square foot in your community. Then add in the cost of replacing any special features in your home, such as custom windows, arched doors, granite countertops, and crown molding. Do not include the cost of your land as you figure out your coverage limit.
To decide how much coverage you need for personal property, you need to do a home inventory, listing everything you own and how much it would cost to replace these items. Most policies automatically set coverage for personal property at 50% to 70% of your home insurance amount, but you can increase it if necessary.
Some types of personal property are only covered up to a specified amount. For example, jewelry may only be covered up to $1,000. Ask your insurance professional what types of personal property have specific limits so you can buy more coverage for these items if you need it.
Protect Yourself
Your homeowners policy also includes liability coverage, which protects you if someone is injured while on your property. Most homeowners insurance policies provide $100,000 worth of liability insurance, but you can buy more. You should buy enough liability insurance to protect your assets.
Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get home insurance coverage quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on home insurance coverage.
Related Tags: insurance, home, coverage
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Motor Trade Rundown
It is not just cars that must be insured on British roads, every type of motor vehicle is required b - Claiming Compensation For Defective Products
Compensation claims for injury and damage caused by faulty, defective products normally target eithe - Ideas To Uncover Affordable Rate Auto Coverage
These days, everyone is looking for ways to lower expenses. Certain costs like home and car insuranc - Should It Be Illegal For People To Drive Without Vehicle Insurance?
There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they - Do You Need Static Caravan Insurance?
Static caravan insurance is an automobile insurance that deals with vehicles that are used while on - Insurance - Tool For Personal Finance Planning
Financial planning is must for every individual. When we start saving money for our goals, there is - Family Life Insurance Policy For The Families Staying In Dubai
The main motive of insurance policy is to give financial security to the person's family especially - Buying Temporary Health Insurance In Florida
You are the resident of Florida? You are between jobs and therefore are not looking for a long term - Car Insurance Is Of The Utmost Importance In Today's Lifestyle
In today's hectic lifestyle we are always rushing to get from one place to another, whether it be ru - Health Insurance Companies Are Using New Laws As An Excuse To Raise Their Rates
Government officials are cautioning insurance companies to stop utilizing scare tactics to steam up
Most viewed articles in this category:
- International Health Insurance: Insure Yourself While in Go
We all will agree that whether we are living in our home country or abroad, our health needs constan - It's Never Too Early to Buy a Long Term Care Health Insurance!
Most people delay buying a long term care health insurance because they think that it is too early t - Home Owner Insurance Quote: Stay Safe!
Your house will not be fully secured until and unless you have a home owner insurance policy. A home - The Benefits of Health Insurance Are Immense!
Almost everyone in this world has fallen ill sometime or the other. Apart from illness, many people - What Happens When You Make An Insurance Claim?
If you've never filed a loss claim before, you might feel nervous and confused about the whole proce - Pet Health Care Insurance: Show your Pets That you Care!
Having a pet in one's household is a joyful experience. It can provide you with entertainment, compa - Three Ways to Buy Long Term Care Without Paying Premiums Out of your Pocket
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home an - Protect That Bauble: Engagement Ring Insurance
Engagement ring insurance can protect your bauble in case a worst case scenario happens...So you've - Do I Need Diamond Ring Insurance
If you have to ask whether or not you need diamond ring insurance you probably do. There's somethin - Choosing a Benefits TPA
The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. Accor