For most people, their home in Alliance, Boardman, Canfield, Columbiana, Lisbon, Salem, or the surrounding areas will be their largest investment. Home insurance is the best way to protect this investment, and the agents at Beltempo Insurance can help you find the right coverage for your needs. You have a lot of money tied up in your home as well as all of the belongings inside your home, and you want to protect all of it. Don’t just talk with a single insurance company, you want an agent that will work on your behalf and search through many different insurance companies to find the right coverage. Contact us today to make sure you have the best coverage for your needs.
What Does Home Insurance Cover?
For starters, your home insurance will cover damage to the interior and exterior of your home for a variety of incidents, including but not limited to fire, hurricanes, vandalism, lightning, and other disasters. The same is true for your belongings that are inside the home, such as clothing, furniture, appliances, and other items.
One thing that you may want to have additional coverage on would be things that have an exceptional value, such as jewelry, antiques, paintings, or other special items. Having a rider to your homeowner policy will help address those special pieces.
Levels of Coverage for Home Insurance
It is important to understand that there are several different levels of coverage that you can have as part of your home insurance. Actual cash value is the lowest level of coverage, and essentially this means you will get reimbursed for the cost of your items minus the depreciation of those items. This means that you will only get what the items are currently worth, not what you originally paid for them.
Replacement cost is the next level of coverage for home insurance. This does not factor in the depreciation cost over time, so you would get the value of the items for what they were originally. Lastly is the guaranteed or extended replacement cost coverage level, and this does cost a bit more than the other two levels. This means that your insurance will cover the replacement cost of your items and even a bit more, usually up to 20% more in many cases.
You don’t want to take any chances that your home insurance may not be enough for your Alliance, Boardman, Canfield, Columbiana, Lisbon, Salem, or the surrounding area home and your possessions. Make the call to Beltempo Insurance and schedule a time to meet with one of our agents to review your current home insurance needs.