When you have homeowners insurance, you are able to protect your home and many of your assets within it in case there is a theft committed against it, a fire damaged or burnt it down, and other accidents affecting its state. It is important to protect your possessions, so you should look for the best insurance companies in PA.
However, there’s a variety of things that you have to take note of with homeowners insurance. The primary out of these is how much you will need. There are different policies with different coverages. Find out what you need with the brief below.
If you are someone that likes to host, you definitely need liability coverage. This is the coverage that will provide you with protection in case someone gets injured on your property and they decide to sue you. It usually starts around $100,000 but you’ll most likely be recommended at least $300,000.
The medical payments will be taken from your homeowners insurance in case you are required by the authorities to pay for someone’s medical bills if they get injured on your property. This is great to have because a guest being injured is the last thing that you think about on your property.
Dwelling coverage is the coverage you will be hearing about when you are rebuilding the structure of your home. Any of the attached structures like the garage may also be covered. If you have built-in appliances inside your home like a water heater, centralized AC, and heater, these will fall under dwelling coverage.
For condo owners, you should clarify how much is going to be covered in the condominium master policy. If the structure of your condo isn’t going to be covered such as the ceiling, flooring, and other support structures, you can steer onto the safer site by getting dwelling coverage.
Personal Property Coverage
If there is a need to replace any personal property that was destroyed inside of your home, you will need personal property coverage. The default proportion of personal property insurance will be at least 75% of the dwelling coverage you have. Items that are stolen or destroyed in a disaster will be covered by this clause.
Take note that this does not cover your motor vehicles. Even if they were inside your garage when they were damaged or stolen, they won’t be covered by your homeowners insurance so you should always look into getting it insured by a comprehensive policy.
You should take note of the value of your home before deciding how much homeowners insurance you are going to get. Get in touch with best insurance companies in PA so they can help you decide whether it’s worth getting $775,000 in hazard coverage or you can make do with $300,000 while still being on the safer side. Inform them of what you are looking to cover and make the budget that you’re working with clear.
Miller Carlisle Insurance Services can help you find the best coverage from the best insurance companies in PA. Contact us today and let’s discuss your needs.