Types Of Home Insurance Coverages You Should Consider Getting

If you are considering updating your home insurance or trying to sign on your first home insurance policy, it is important to know all necessary details that make your investment worth it.

Protecting your home with a policy is what will make your stay more convenient, hassle-free, and worry-free. Knowing that your home is insured can bring you peace of mind and a lot more time to plan other things you need.

• Contents Coverage

Home insurance that has contents coverage prioritize the protection of items inside your home. These items include furniture and clothing. When claiming the content coverage, you will receive an amount equivalent to the items declared in your agreed and signed policy.

• Flood Insurance

Home insurance often covers arson yet it does not come with flood coverage as it comes separately. To have the most extensive coverage for your home, inquire for flood insurance. It will answer to any of flood-related damages in your home.

• Personal Liability Coverage

Personal liability coverage answers to injuries your guests sustain while they are inside your home. It also covers the items that have been damaged during the occurrence of the incident.

• Dwelling Coverage

Dwelling coverage is the basis of all optional home insurance coverage. It extends protection to your home’s structure such as walls, floors, ceilings, and other fixtures declared. Dwelling coverage also covers theft, vandalism, and fire.

• Earthquake Insurance

Earthquake insurance covers your home damages caused by an earthquake. In earthquake-prone areas, this type of insurance is recommended to further protect your home assets and other properties declared in the agreed policy.

• Replacement Cost Plus

This type of coverage offers another level of protection for your home. It provides additional policy coverage to recover for certain loss incurred in your home. Replacement cost plus is a good idea to get to ensure your properties declared or original value even under depreciation.

Why should you consider additional coverage?

Getting additional coverage in your current or new home insurance is a great help to intensify the policy covering your home. This could be a good start to further protect your home from different accidents, natural disasters, and other occurrences.

These given coverages are not mandatory. You have a choice as to what to have an additional depending on your home’s current need. It will also depend on your property’s location, usual weather condition, and home activities. If you think your home needs more protection as per usual, go for it.

At Old Bay Insurance Agency, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at  (410) 777-5390. Get your free quote today by CLICKING HERE.

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