When it comes to protecting your home, it’s important to feel prepared if a potential disaster strikes. The last thing you should have to worry about is money. This is where a great homeowners insurance policy comes into play. These policies can serve as a valuable asset for any homeowner. Before you shop around for the policy to best suit you, here is what to know about homeowners insurance:
Coverage
The damage covered in a typical policy applies to your property, possessions, and in the event of certain storms, fire, theft or vandalism. Along with the inside of your home, homeowner’s coverage can also protect the exterior of your house. One advantageous part of the policy is it can also provide liability coverage for a “slip and fall” accident – i.e. if someone gets hurt on your property and decides to sue.
Not Covered
While homeowner’s insurance covers a lot, it does have exclusions. A few typical omissions from a policy include: earthquakes, landslides, sinkholes, power failure, faulty zoning, bad repair or workmanship, and flooding. Some insurance companies also exclude tornadoes or hurricanes in high-risk areas.
Do Your Research
Compare deductibles and shop around when choosing a policy. The better your coverage, the less you will pay out of pocket if a disaster strikes. Something to keep in mind: the amount of coverage you buy for your house will affect the price you pay. Shop around before you buy your policy, and be sure to ask your agent for recommendations.
Are you looking for a great Nashville home? We’re here to help! Call DeSelms Real Estate today at 615.550.5565