homeowner’s INSURANCE
Many homeowners are surprised to learn that several essential protections are not automatically included in a standard homeowner’s insurance policy. It’s important to have a proactive conversation with your insurance agent about coverages such as guaranteed (or additional) replacement cost to protect against inflation during a rebuild, replacement cost coverage for your roof and protection for water backup, buried service lines and matching roofing or siding. These items can make a significant difference in both the claim experience and your out-of-pocket costs after a loss.
Equally important is making sure your liability limits and ordinance or law coverage are appropriate for your home, especially if it’s an older property that may not meet current building codes. Adequate liability coverage (often at least $500,000) helps protect your overall financial picture, while ordinance or law coverage ensures you’re not left covering the cost of required code upgrades.
Taking the time to carefully review these details upfront helps avoid coverage gaps and provides peace of mind long before you ever need to file a claim.
