Is Your Home Properly Covered for a Disaster?
Make sure that your home is properly covered for a disaster by using these guidelines to help avoid financial uncertainty if a disaster strikes your home.
For most people, their greatest investment is their home, so it is crucial that they be properly insured. To protect their greatest investment from the potential disasters of everyday life, homeowners need to update their policy regularly after major home improvements, increased building costs, and other big-time purchases. The reason you want to review your policy after these instances is because the value of your home likely changed, and your policy needs to reflect that change in order to best provide coverage. Here are a few questions homeowners need to ask themselves to ensure they have enough homeowners insurance in Banning and are properly covered for a disaster.
- Do I have enough insurance to completely rebuild my home?
Simply covering your mortgage will not do. Your policy needs to cover the entire cost of completely rebuilding your home. If your home is completely destroyed in a fire or other covered event, there are more things that must be paid for outside of your mortgage: cleaning crew, materials, construction, and more. You should have enough insurance to rebuild your home from scratch.
- Do I have enough insurance to replace all my things?
Homeowners insurance only covers your possessions for about 50 to 70 percent of the amount of insurance you have on your home. That is to say, if you have $100,000 of coverage on your home, you only get $50,000 to $70,000 on your things.
Only the proper amount of homeowners insurance in Banning protects you against disasters. Contact Little & Sons Insurance Services today to get your covered. We serve Banning, Beaumont, Calimesa, Redlands, and the surrounding California area and can help you protect yourself against the risks your home faces.