Home insurance provides a safety net that homeowners count on to get them through good times and bad. Home insurance does offer a lot of protection, but there are some things that it just won’t cover. At AHI Group in Olathe, KS, our team knows home insurance, and we provide our customers with the information that they need to protect themselves as completely as possible.
Things home insurance won’t cover
One thing you need to do is to read your home policy to find out how much jewelry coverage you have. In most cases, it will be a shock to find that you have very little. You can add a rider to your policy to give you the coverage you require to make sure your jewelry is covered.
Another thing you need to check is your electronics coverage. If you are like most people, you have quite a few electronics and basic home insurance coverage is low. You can also add a rider to give you this coverage.
Flooding causes a lot of damage, and if your home gets flooded, your home insurance won’t cover the damage. Luckily, if you are at risk, you can get flood insurance through the NFIP.
Earthquakes, sinkholes, land, and mudslides are all excluded from your home insurance coverage. Again, if you feel you are at risk, you can buy an additional policy to cover this.
As a homeowner, you are responsible for maintaining your home. Home insurance won’t pay for things that just wear out or for a roof that has become leaky because it is old. Termites are not covered, you need to get termite treatment to protect yourself.
Give Us A Call
Contact AHI Group in Olathe, KS when you need information or a home policy review. You can reach us at our office or give us a call.
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.