Be Choosy When Choosing Home Insurance ....

The past few weeks many areas have been hit with extreme storms. Whether its Global Warming or good old Mother Nature causing these storms, homeowners should get the facts about what they need to do if there home is damaged. The first thing to do is read over your policy and talk with your insurance provider to find out what would be covered if the unfortunate should happen. No two policies are the same, limits of liability, coverage levels and exclusions can vary.

There are different types of coverage included in a homeowners policy for instance

Coverage A -Damage to your home
Coverage B -Damage to other structures including garage, deck or swimming pool
Coverage C -Loss or damage to the contents of your home
Coverage D -Loss of use in case your home is not inhabitable
Coverage E -Personal liability to third parties
Coverage F -Medical payments to third parties

You will need to check your individual declaration page to find out what coverage you have. A policy will usually cover replacement or repair of your house and its contents up to the expressed limits. It can also protect you if there is a liability policy in the event someone is hurt or injured on your property due to your negligence.

Many standard policies cover storms including hail, tornados & you guessed it wind damage. Most policies don't cover earthquakes and floods unless the homeowner adds additional coverage beyond the basic. Homeowners can be hesitant to file a claim because they do not want a rate increase. Most states prohibit insurance companies from canceling your coverage or singling you out for a rate increase due to an Act of God damage claim. Every insurance carrier is different there may be a policy in place on making excessive claims or other policies that may hinder you from making a claim. That's why it is so important to ask questions and read the fine print.

Comparing home insurance policies requires diligence and patience. A savvy shopper will compare more than just the annual premium rate offered through each company. 

You may be saving on the premium for one company because your lacking an important component inside the insurance policy. The problem will arise when your claim is denied because you do not have enough coverage on the policy. Having peace of mind to weather the storms will depend on the policy you choose. 

If you would like more information on choosing the best home policy or just have general questions please feel free to contact me and I will refer you to an agent..

 

Morrishia Dooley-Associate Broker 
BHGRE METRO BROKERS
DIRECT-678-886-8353
OFFICE-770-491-1900 
morrishiadooley@metrobrokers.com
morrishiadooley@gmail.com
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