-
The Ultimate Peace of Mind: Why You Need a Home Inventory
Thinking about creating a home inventory? We secure our homes with deadbolts, alarm systems, and comprehensive insurance policies to shield our families and hard-earned belongings from the unexpected. Yet if disaster strikes—whether a burst pipe, a break-in, or a natural catastrophe—most homeowners face a surprising hurdle: remembering exactly what they own. This is where a comprehensive home inventory becomes your most vital financial safeguard. A home inventory is a detailed record of your personal property. In the chaotic aftermath of a loss, trying to recall every book, appliance, and piece of clothing from memory is incredibly stressful and almost always results in undervalued insurance payouts. Having a pre-made catalog streamlines…
-
Can you choose the wrong homeowners insurance coverage? Yes!
If you own a home, homeowners insurance isn’t just a luxury. Rather, it’s a necessity. Without insurance, you might get stuck footing the bill for costly repairs if your home sustains damage during a weather event or fire. Plus, you need homeowners insurance in case someone gets injured on your property. Otherwise, you could end up having to shell out money to cover a visitor’s medical bills. But as important as homeowners insurance is, it’s just as important to have the right policy. That means, among other things, having adequate coverage so that if your home were to get destroyed, you’d be able to rebuild it. But if these signs apply to…
-
What does homeowners insurance cover?
Homeowners insurance is known as a “multi-peril” policy, meaning it contains a variety of coverages in one package. A peril, in the insurance industry, is something that causes damage to a house or property. Your homeowners insurance policy may specifically list the perils you’re protected against, or cover you against all perils except ones specifically excluded. Common perils that homeowners insurance usually covers include: Fire Lightning Explosions Civil unrest Smoke Vandalism Theft Volcanic eruption Falling objects Ice, snow, or sleet Sudden, accidental outflows of water from the plumbing system or appliances, including burst pipes Your policy may also cover the cost of debris removal after a disaster, replacing plants and shrubs, and…
