Purchasing a home is a significant achievement. Therefore, you need to protect your home against any unforeseen risks by buying a home insurance policy. Standard home insurance policies cover your belongings and home against destruction and damage caused by specific events such as fires and extreme weather conditions. Fortunately, reputable insurance firms like Valley West Insurance have affordable packages for you.
Building coverage protects a home against loss caused by hurricanes, fire, hail, lightning, or any other calamity named in the policy. However, the coverage doesn’t pay for damages caused by an earthquake, flood, or regular wear and tear. Standard policies may also cover structures unattached to the house, such as a tool shed, garage, or gazebo.
Content coverage protects personal belongings such as clothes, sports equipment, furniture, jewelry, and other personal things against theft or destruction by a hurricane, fire, or other listed disasters. Although expensive items such as jewelry are covered, their payment is usually limited. Therefore, to insure expensive items to their real value, you can purchase a personalized property endorsement.
Liability coverage covers lawsuits for property damage or bodily injury that the policyholder or family members may cause to other individuals. The liability part of the policy pays for any court awards and the cost of defending the policyholder in court based on the policy’s limit. This coverage extends to other areas apart from homes.
This pays the extra living costs of residing away from your home if the house becomes uninhabitable due to damage from a storm, fire, or other insured disasters. The policy covers restaurant meals, hotel bills, and other living costs as your home is reconstructed. This coverage may differ from one carrier to another.
Purchasing home insurance is essential since many unforeseen circumstances may occur. Contact Valley West Insurance for an appropriate home insurance package.