Buying a new home is the most money you will likely ever spend on anything in your life. Protecting that major investment is essential to a strong financial future. At InsPeak in Arlington, TX, we are independent agents. We work for our customers to ensure they have the protection they need. We also give them the knowledge they need to understand the ins and outs of home insurance.
Home Insurance has Limits.
Home insurance does not have unlimited coverage on certain types of content. The coverage is limited on jewelry, antiques, electronics, artwork, cash, and oriental rugs.
You Can Extend Limits with Riders
If you have more than a basic number of these things, you can extend your policy’s limit with a rider to your policy. Get an appraisal of the items and talk to your insurance agent.
You Have a Choice of What Type of Content Coverage You Have
You have two types of content coverage options: the current value and the replacement cost. Current value coverage is less expensive and takes depreciation into account.
You Decide Your Deductible
Before your home insurance coverage kicks in, you must pay your deductible out of pocket. You can choose a higher amount to lower the policy cost.
Home Insurance has Exclusions.
While home insurance covers many things, it doesn’t cover some. You need to know what these are so that you can make other arrangements for coverage if needed. Some of the things not covered include floods, earthquakes, sinkholes, mud and landslides, sewer backup, and owner neglect.
Contact our team at InsPeak in Arlington, TX. We are here to help you with your first purchase of home insurance. Stop in at our office or give us a call.
