Home insurance is not something that most people have a lot of exposure to until they buy their first home. Suddenly, you are expected to be an expert. Most people aren’t. That is why they count on the AHI Group of Olathe, KS to help fill in the informational gaps. Our experienced team has many of the answers you may need and we are happy to share our knowledge as part of our customer service.
New Owner’s Home Insurance: What You Need To Know
Home insurance has exclusions
You may feel as though your home is completely protected from anything that might happen to it when you purchase your first home insurance. That feeling is misplaced. Unfortunately, there are quite a few things that could happen that won’t be covered. Home insurance does not cover flooding, earth movement, any kind of owner neglect, and sewer backup. Most of these things can be covered by a rider or an additional policy.
You have to choose the type of property coverage you want
Two types of content coverage are offered. You can choose to replace all the things you own at their current value, which includes depreciation, or you can cover them at the cost today to replace them with a similar item.
How much liability insurance is enough?
Your liability coverage should reflect your level of risk and the number of assets that you have. One size fits all is definitely not the right route to take with this coverage.
Some coverage has limits
When it comes to some of the things that you own, like jewelry, your policy will not cover unlimited amounts. If you have more than just an engagement ring, your coverage will probably be inadequate and you need to add a jewelry rider.
Contact AHI Group
If you live in or near Olathe, KS, we can help you to get the right home insurance for your home and finances.