Home insurance is one of your greatest assets when disaster strikes at home. Having home insurance can help you during the recovery after covered events like a fire, theft, or lightning strike. Choosing the right home insurance is important. The best way to ensure that your home insurance policy is adequate for your needs is to ask the right questions when you’re shopping for a policy. The professionals at Homeowners Insurance Group servicing Scottsdale, AZ can help you with the process of finding a policy. Below are some of the questions to ask when you’re considering a home insurance policy.
1. What’s the Deductible?
The deductible is the amount you’re responsible for paying when you file a claim with your home insurance policy. Deductibles can vary. Choose a policy with a deductible that seems realistic for your needs, keeping in mind that lower deductibles can mean higher premiums.
2. Are Detached Structures Included?
If your property has detached structures like a shed or a detached garage, you’ll want to ensure those structures are covered by your policy. Find out how much coverage is provided through your "other structures" coverage.
3. Is Loss of Use Covered?
Loss of use coverage provides for your living expenses if you have to move out while your home is being repaired after a covered event. Loss of use isn’t provided with every home insurance policy, but most of them have it. If you need this type of coverage, check the policy and ask about the coverage limits.
4. What’s the Limit on Items Like Jewelry?
Home insurance policies often have coverage limits on expensive items like jewelry. If your policy doesn’t provide the coverage you need, you may want a scheduled endorsement or a standalone policy to protect your jewelry.
Work with an insurance company that helps you ask the right questions as you shop for home insurance. Contact Homeowners Insurance Group servicing Scottsdale, AZ today.