Homeowners insurance doesn’t always cover what you think it should. Not knowing what is and what isn’t covered on your homeowner’s policy could save you thousands down the road. When you get your homeowners policy, the most important thing to do is read every word over carefully. Depending where you buy a home, you may need an extra policy for things that are not covered in a typical homeowner’s policy such as flood insurance and earthquake insurance.
Other damage not included in a typical homeowners:
- Vehicles that were damaged on your property
- Breaks in your water or sewer lines
- Termite invasion
- Other pest problems
- Mold
- Things stolen outside of the home that were on the property, and more.
The best way to make sure you are covered in all areas is to talk to your insurance agent and ask him/her about an extra policy to cover anything not covered in your homeowner’s policy. And, don’t forget to update your policy when you have any new home additions or you buy something that is very valuable to you. This will prevent you from being underinsured. Some outside items such as pools, trampolines, and hot tubs will require you to increase your liability so make sure you mention these items to your agent.
Doing some simple reading and asking plenty of questions can save so much heartache if you ever need to make a claim on your insurance policy. Visit my website for real estate listing in Jackson , Mississippi and surrounding areas.
