3 Important Home Insurance Endorsements
Do You Have These Homeowners Insurance Endorsements?
Your homeowners insurance in Calimesa, CA is designed to protect your property from the unexpected. Most of the time, it does. However, every policy will have its exceptions and limits. That’s why home insurance endorsements should be considered. An endorsement is added coverage to your home policy that further protects your pocket and property. Here are three important endorsements to consider.
Sewer Backup Endorsement
Insurance is designed to protect you from sudden and accidental disasters that could happen. Generally, a sewer backup isn’t sudden. Clogged drains or damaged sewer lines can cause sewage to back up into your home, which can quickly ruin your property and home’s structure. Sewer backup coverage isn’t always included in standard home insurance policies, but it can often be added as an endorsement. The sewer backup endorsement protects you from loss or damage to your property caused by the rupture or escape of water from a sewer, drain, sump pump, or septic system.
Scheduled Personal Property Endorsement
Most standard home insurance policies cover your belongings from damage – up to a certain limit. If you have specialty belongings such as jewelry, collectibles, and antiques, you may find you don’t have sufficient coverage to protect your property. When the value of your possessions in these specialty categories is higher than the limits in your policy, you may find you benefit from an endorsement. When you add extra coverage to protect these high-value items, they are “scheduled” in your policy.
Trust or LLC Endorsement
A real estate property or residential home can be put under the ownership of a Trust or an LLC. If you already have a house put in a Trust or LLC, you’ll likely need protection beyond what your standard home insurance policy offers. An LLC endorsement covers the dwelling, other structures located on the property, and medical payments to others, and a trust endorsement will name the trustee and trust as the named insured. Talk to your agent to understand which endorsement is right for you.
Talk to your home insurance agent today to learn more about how to better safeguard your property. For all of your homeowners insurance needs, talk to the professionals at Little & Sons Insurance Services, serving Banning and neighboring cities in California.