As a first time homeowner, you’ll want to make sure you have adequate home insurance coverage to protect your investment. By discussing home insurance options with an agent from Commercial One Insurance Service in Burlingame, CA, you can get a better idea of the type of coverage you need. A good policy will protect your interests in the following areas:
Dwelling
Dwelling coverage includes your home and any structures attached to it, like your garage. Your policy should protect your dwelling against significant risks where you live. These risks could include fire, rain, windstorms, theft, vandalism, smoke damage, lightning, etc. In addition to your structure, your policy should cover your home’s plumbing, HVAC system, and electrical system. You should get sufficient dwelling coverage to rebuild your California home if it were destroyed in a catastrophe.
Personal Property
This coverage protects your personal goods ranging from clothing to electronics and anything in between. If you get coverage for replacement value, your insurer will pay to have your belongings replaced if they’re stolen or lost, without deducting for depreciation. This could save you thousands of dollars in replacing these items on your own.
Liability
If you entertain often, you’ll need sufficient liability coverage. This insurance covers the medical expenses of people who get hurt while visiting your property. A friend may slip in the kitchen while helping you cook or trip over a cable and sprain his ankle. Your liability coverage could avert a lawsuit to compensate for injuries accidents can cause.
Loss of Use
A major disaster could force you out of your home while repairs are made. This coverage pays for your living expenses while you’re away. This could include the cost of a hotel, meals out, laundry services, etc.
For information on home insurance policies and costs, contact us at Commercial One Insurance Service in Burlingame, CA.
