How to Know You Have Adequate Coverage For Your Home

Do you know if you’re buying the right kind of home insurance policy for your South Bend or Mishawaka, IN home?

Sometimes, the most basic policy is not the right one for you. Also, the most expensive policy might be too comprehensive for your needs. Use these tips to figure out which coverage from Kevin Dennis Insurance Agency is right for you.

1. Do You Live On A Flood Plane?

If your home is located near a river or another body of water, you might like to invest in flood insurance.

Flood insurance is always a separate purchase from your standard home coverage policy. In fact, some states require the purchase of flood insurance by law. This is especially true if you’re paying for your home via a mortgage loan.

A standard home insurance policy covers basic damages due to a house fire or a break-in, but water damage is not included in that type of coverage.

2. How Safe Is Your Neighborhood?

If you live in a statistically safe neighborhood where property crime is infrequent, then you probably have adequate coverage in the basic type of home insurance policy. Basic home coverage includes reimbursement for theft and some types of disasters (such as fires), up to a maximum amount depending on your individual policy limits.

If you live in a town where property crime is prevalent, however, you might be interested in itemized coverage. This type of coverage requires you to take inventory of your possessions, from the most valuable to the most mundane. This inventory includes valuation and pictures. You can then be reimbursed for your specific belongings.

3. Do you have pets?

If furry friends are a part of your family, your home insurance coverage may be affected. Typically, a standard home insurance policy does not cover most damage caused by dogs and cats. If your dog chews through to your drywall or severely scratches your hardwood floor, for instance, you may not be able to collect on a claim.

You can find home coverage that includes damage caused by animals, or you can purchase additional liability insurance. Home liability insurance usually covers damage done by the pets of your visitors, however.

Furthermore, certain dogs may void your standard home insurance policy. If you have a German Shepherd or a Pitbull, for instance, this may automatically go against your policy.

Purchase Your Ideal Home Insurance Policy

Learn more about how to protect your home in South Bend or Mishawaka, IN with the appropriate amount of coverage. Call a friendly Kevin Dennis Insurance Agency representative with any questions you may have. We will guide you to the policy that best suits your circumstances.