Old Bay Insurance Agency Blog |
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.
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.
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 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 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 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.
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.
3 Comments
6/26/2020 12:09:57 pm
Thanks for explaining that personal liability coverage keeps us from being held responsible if anyone is injured while on our property. My husband and I are planning to purchase our first home together later this summer so we can have more privacy and freedom to customize the space. Since this will be our first time choosing a home insurance plan, the basic info you shared here is really helpful for me!
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7/23/2020 12:13:54 pm
I'm glad you explained that additional coverage can help protect our home from a wider variety of accidents, including natural disasters. My husband and I found a townhome near his work that we'd like to purchase and are currently trying to decide what level of insurance coverage the property will need. Thanks for teaching me what to consider if we decide to get more coverage than what's required!
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2/16/2021 10:47:39 am
It stood out to me when you mentioned how earthquake coverage can protect our home and assets in the case of damage. My brother and his wife want to buy a single-family home closer to his place of work this summer. I'll share this info so they're more prepared to discuss coverage options with potential home insurance providers in their area soon.
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