What type of insurance do you need?

There are many types of Homeowners insurance policies to choose from.  Therefore, it is important that you review your policy to make sure that the policy will respond appropriately in the event of a disaster.

Here are 3 areas of the Homeowners policy that you should review annually.

Review the Limits-  in these areas of your policy;
•Dwelling Amount
•Personal Property
•Liability
•Loss of Use
•Other Structures 
Make sure these limits would adequately repair/replace your property should a total loss, such as a fire, occur.  Also, make sure you home is insured on a "replacement cost" basis.

Review the Enhancement Endorsements
Enhancement Endorsements typically add additional coverage to your policy.  They can broaden property coverage (such as equipment breakdown coverage) or broaden liability coverage (Personal Injury).  These items usually increase your premium so make sure you understand them so you can determine if you want to pay for them.

Review the Exclusions
Just as Enhancement Endorsement add coverage, Exclusions take away coverage.  Reviewing the Exclusions on an annual basis will eliminate any surprises that can occur at the time of a claim.  If you find an Exclusion that concerns you, contact your agent and see if they can get the Exclusion removed.  Sometimes a insurance company will allow Exclusions to be removed, sometimes they won't, but it is worth a shot.

Our agency would love to help you with your Homeowners insurance.  We will help you make sure you have the proper coverage for your family at very affordable prices.  Call us at 806-763-7311 so we can help you today.  If you like to shop online, click here 

Additional Resources
Click Here for more Homeowners Frequently Asked Questions

Other Blogs you might find interesting- What does it Mean to Schedule Items on Your Home Policy, 4 Factors Affecting Homeowner's Insurance Premium

Don't forget, most companies give companion discounts on the Homeowners and Automobile Insurance policy if you insure both with the same company 

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