Reasons to Check Your Homeowner’s Insurance

Summer brings warm weather that brings us outside to enjoy the warmth and the sunshine. Unfortunately, summer also starts the season for dangerous weather, such as hurricanes and tornadoes. With these storms comes the potential for serious damage to your home. You may experience wind damage, water damage or fire damage. Keep reading for reasons to check your homeowner’s insurance this summer.

Different Deductibles

Many incidents are covered under certain policies. But the damage caused by weather can be covered under different policies. This means that another deductible is necessary. Depending on where you live, you may have a certain type of homeowner’s insurance available to you. For instance, if you live near the East Coast, you very well may have a hurricane deductible available within your policy. Or, if you live in the midwest, you may have a tornado deductible. Either way, it is worth checking out what deductibles are available for you.

Flood Insurance

Most homeowner’s insurance policies do not include flood insurance. It needs to be covered under a different policy. Check to make sure that you are not in a flood zone. If you are, then you need flood insurance. Only one inch of water in your home can cause thousands of dollars of damage.

Replacement Costs

Most policies will repair or replace the home for the amount of money that it is insured for. There is also the possibility that there is no cap on these costs. Check to see if you have a guaranteed cost-replacement provision. It is important to know how much coverage you have before a major event occurs.

Renters Insurance

If you rent a home, you still need to check your policy for what is covered and what is not. Keep in mind that renter’s insurance covers your belongings, while the homeowner’s insurance covers the home itself. If damage occurs to your belongings in the event of a weather related incident, you need to know how much your policy will cover or if you need to find a new policy.

If you are interested in learning more about homeowner’s insurance and finding the best policy for you, then contact us at Northeast-Metrowest Insurance Agency. Find more information on our blog.