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The world of home insurance can be a confusing one to navigate at times, and while consulting with an insurance expert or broker can be helpful, sometimes it pays to simply know some basics before approaching a reputable insurance provider. Here are a few pointers to help guide you in the right direction:<br>
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The world of home insurance can be a confusing one to navigate at times, and while consulting with an insurance expert or broker can be helpful, sometimes it pays to simply know some basics before approaching a reputable insurance provider. Here are a few pointers to help guide you in the right direction: Check that you can cover the costs of rebuilding should you need to: Wherever possible, choose home insurance with a guaranteed replacement clause that will cover the cost of rebuilding, and buy extra if you feel that your chosen insurer’s appraisal of your home is low. Each time you make any significant upgrades to your home, be sure to review your policy thoroughly, and if it’s older than 20 years, check that your policy will cover the cost of upgrading to current building codes.
Does it have a loss-of-use clause? This clause pays for expenses incurred while you can’t live in your home, and some insurers will allow you to buy more than the usual limit of 20% of your home’s coverage. Do you need a personal-property rider? If you have luxury items in your home, you may need to purchase a personal-property rider, as coverage for what’s in your home is typically calculated as half of the value of your home. Always make a detailed inventory of your possessions and place it in a safe, secure place.
Ensure you’re protected if working from home: With more of us working from home than ever before, covering your equipment and liability involves a home-business endorsement. Purchase flood insurance if you live in a flood prone zone: The standard homeowner’s insurance policy doesn’t cover floods or storm-drain damage, but if you live in an area prone to flooding, it’s all but essential.
Be clear on what you are and are not covered for: If you live in a condominium or co-op, while there may be a master policy covering the structure, which includes the bare walls, floors and ceilings, you won’t be covered for anything you put on those surfaces, such as rugs, lights and even wallpaper. If you’re a renter, keep in mind that a renter insurance policy will cover your possessions and is affordable, making it a worthwhile investment. If you’re concerned as to whether you’re covered as a renter or condo occupant, talk to a reputable insurance company today. Before it’s too late!
Look for ways to reduce your premiums: Whether it’s by having deadbolts or smoke alarms installed, boosting your deductible, or purchasing more than one policy, insurers may give significant homeowner’s insurance discounts, so always keep your eye open for possible breaks. Buying home insurance is made much easier when you deal with a reputable company who are upfront with you about their levels of coverage, and help explain policies to you in clear terms. Find such an insurance company, and half the battle is won.
We Insure Miami was founded on the principle that every individual and business, big and small, has assets and valuables that need to be protected and insured against forces outside of our control. We offer Auto, business and homeowners insurance in miami. Our agents understand that you work hard every day to protect your car, home, business and family. WE are passionate about Insurance and passionate about serving you. If you are looking for auto or business or home insurance in miami, contact us for a quote or a complimentary review of your insurance policies.
