Your home is one of the most important investments you’ll make in life. Whether you rent or buy, your home is your haven from all that the rest of the world has to throw in your direction. It is a refuge for you and your family. You want to protect that refuge with home insurance that best meets your needs and those of your family with insurance coverage from J L Davis Insurance, Inc.
What to Look for in Home Insurance Protection?
Home insurance protection comes in all shapes and sizes.
The other thing you should note is that the whole of your home is not necessarily greater than the sum of its parts. What this means is that the insurance protection for your home should be more than what you paid for your home. This accounts for things like rising costs of material and labor when the time comes to repair or rebuild in the aftermath of a covered event. You also specifically want to make sure that your home insurance policy has protections for the following elements you might not always consider when buying home insurance:
- Building code upgrade coverage: This covers the cost of bringing your home up to current code if required by local ordinances.
- Debris removal coverage: Some policies include this. You want to make sure your policy does.
- Double-check additional living expense limits: You may need up to two years to rebuild your home after a total loss. Make sure your plan accommodates this.
You’ll need additional coverage or an additional policy to sufficiently protect high-value computers, electronics, antiques, collectibles, fine art, jewelry, etc. Most policies have sub-limits of coverage for specific items, and those sub-limits are inadequate for high-value items or older items (don’t forget to ask your insurance agent about replacement costs vs. actual cash value, or ACV). In order to accurately insure your valuable possessions, have a conversation with one of our agents today.
Contact J L Davis Insurance, Inc. in Pennsylvania today to get answers for all your home insurance questions and to see if you have adequate insurance protection for your most valuable asset.