If you’ve just bought your first home, we want to say first congratulations! This is the beginning of an exciting future, and it should be celebrated! Welcome to the world of homeowners and the next step on your journey.
There’s a lot to know and a lot to learn in the homeowner’s journey, and one of the first things to check off the list is homeowners insurance. It’s the best security for your home. Here are a few basics.
Homeowners Insurance is Package Insurance
This is important to know that homeowners insurance doesn’t provide insurance for the home. Homeowner’s insurance covers property inside the home and often legal responsibility in the case of injuries and property damage policyholders or families. This can include damage caused by your pets as well.
Levels of Coverage
There are different coverage options like most insurance policies, but it’s important to be informed on the different kids to make sure you get what’s right for you.
- Guaranteed/Extended Placement
- This is the highest level. It pays whatever the cost to rebuild your home before disasters even if it exceeds the policy limits.
- Replacement Cost
- This policy will pay for the repairing of possession without a deduction for depreciation.
- Actual Cash Value
- Pays to replace the home without deduction for depreciation.
It’s Best to Get Advice
If this is your first home, people may try to take advantage of you for your lack of knowledge. That’s why it’s important to find someone you can trust. It’s always why at Link-Hellmuth Insurance you can give us a call today to get a free quote pressure free.
You’ve just made this big move in your life, and we want to celebrate with you and support you along the way. If you’re looking for home insurance in Springfield, Ohio, give us a call today. Let’s add some insurance to that new home!