Your home is probably one of your most important investments. This isn’t only true because of the money you have invested into your home, but it is also true because of the emotional importance your home holds. Your house is your family’s safe haven, a place to come together and make memories. You want this protected. At Ken Boldt Insurance Agency II Inc., serving Green, OH, we want to help you make the best choices when it comes to this protection. Keep reading to find out what you need to know about home insurance.
Why Is Home Insurance Important?
Home insurance provides a necessary level of protection over your home investment. If your home is damaged or lost due to natural disaster, fire, or burglary, the expenses of repairing or replacing your home will fall to you. For most families, this would cause extreme financial damage. To avoid this type of financial damage, a home insurance policy is put into place. If the home is damaged or lost, the insurance policy will cover repairs or replacement costs.
What Does Home Insurance Cover?
Home insurance policies can be customized to fit your particular needs, but in most cases, a policy will cover the following areas:
- Property Damage – This type of coverage will kick in if your home is damaged or lost due to fire, natural disaster, or burglary.
- Liability – This type of coverage will pay if someone is injured in your home or on your property. This will cover any medical or legal expenses that could result from the accident.
If you would like to learn more about home owner’s insurance or any of our other insurance products which we offer, please contact us at Ken Boldt Insurance Agency II Inc., serving Green, OH. We will be happy to answer your questions today.
When choosing home insurance in Ohio, there are some questions that you want to ask to make sure you are getting the right policy for your needs. Be sure to go over your questions with an agent at Ken Boldt Insurance Agency II, Inc. in Green, OH.
Does your policy cover the replacement cost or actual cash value?
An actual cash value policy will factor in depreciation. If you have a replacement cost policy, then you may just need to pay an out-of-pocket deductible for repairs. Home repair or replacement may be covered at replacement cost, while belongings are covered at actual cash value. You can also upgrade your policy so that your belongings are covered under replacement cost.
Are you covered no matter the damage?
It’s important to note that flood damage isn’t covered, and other natural disasters may not be either.
What belongings are covered?
Your jewelry or artwork may have dollar limits on them. Ask about any restrictions to see if you need to purchase additional coverage.
What endorsements do you have on your policy?
Endorsements are used to make the policy a little more specific to you. This is where you can add additional coverage for some belongings.
Are you adequately covered if someone is injured in the home?
The maximum amount an insurance company will pay in damages or legal bills if you are sued is covered in the liability section of the policy. An agent can help you determine how much liability coverage makes sense for you.
Are all home policies the same?
There are different types of home insurance policies. The HO3 is the most common since it provides coverage for normal loss activities and can be an excellent place to start.
Contact Ken Boldt Insurance Agency II, Inc. in Green, OH to get a quote on home insurance.