For first-time homeowners, the prospect of obtaining homeowner’s insurance can be an overwhelming one. What is and is not covered? How much coverage do you need? How much does good homeowner’s insurance cost in the end? All of these questions and more can plague a first-time homeowner. Luckily for them, Wachter Insurance has compiled a list of essential must-know facts about homeowner’s insurance for beginners to know. Read on to find out what they are!
1.) Exterior and interior damages. Your homeowner’s insurance policy will cover not only damages from natural disasters (i.e., hurricanes, storms, and lightning), but also from man-made disasters (i.e. fires and vandalism). Some types of damages, such as those that are caused by flooding, are not always covered by a standard homeowner’s insurance policy, so be sure to discuss this with your insurance agent.
2.) Loss or damages to your belongings. Home insurance, in addition to covering your home itself, also often covers the things within your home. Your furniture and appliances, your clothes and electronics; they are all typically covered under a good homeowner’s insurance policy. Discuss your insurance options with your agent to ensure that every belonging you need covered is covered appropriately. (more…)