Home insurance should primarily provide coverage for the reconstruction of the dwelling (house) in the event of a covered loss; however, there are many other items that need to be covered in the event of a loss.
It is usual and customary in most States for Flood and Earthquake risk to be excluded from the home insurance policy; however, Flood Insurance and Earthquake Insurance is available even if it is with an alternate carrier.
Consumers purchasing home insurance should make sure that the Dwelling, Other Structures, Personal Property, Loss of Use, Medical Payments and Personal Liability coverage is provided for on a policy. You may need some guidance regarding the limits of coverage; you must particularly pay close attention to the Personal Property coverage since there are sub limits on every policy which apply to Jewelry, Furs, Silverware, Artwork etc...
If you need more coverage, you may be able to purchase an optional endorsement allowing higher limits or you may need to obtain a current appraisal and purchase a Personal Article Floater (PAF) which will insure your high valued belongings.
Many people rush through the insurance process later to find that they didn't spend the deserved time to review what they were buying. It is prudent to fully review your coverage at least once every 3 or 5 years.
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It is usual and customary in most States for Flood and Earthquake risk to be excluded from the home insurance policy; however, Flood Insurance and Earthquake Insurance is available even if it is with an alternate carrier.
Consumers purchasing home insurance should make sure that the Dwelling, Other Structures, Personal Property, Loss of Use, Medical Payments and Personal Liability coverage is provided for on a policy. You may need some guidance regarding the limits of coverage; you must particularly pay close attention to the Personal Property coverage since there are sub limits on every policy which apply to Jewelry, Furs, Silverware, Artwork etc...
If you need more coverage, you may be able to purchase an optional endorsement allowing higher limits or you may need to obtain a current appraisal and purchase a Personal Article Floater (PAF) which will insure your high valued belongings.
Many people rush through the insurance process later to find that they didn't spend the deserved time to review what they were buying. It is prudent to fully review your coverage at least once every 3 or 5 years.