Does my home insurance cover all my possessions?

If you ever are unfortunate enough to experience a disaster in Burlingame, CA, you want to feel comfort from knowing your possessions were at least covered by insurance. At Commercial One Insurance Service, we try to make sure our clients get the right coverage to suit their personal needs.

That means understanding what kinds of situations and items are excluded from their policies. Everyone has a different situation, so a policy should be individually tailored. 

Exclusions by situation 

A homeowners policy will list the kinds of cases where coverage is available. The most common are disasters like fire or burglary, and may also include tornado or wind damage. 

Water damage is usually not covered. If you feel like you want additional coverage beyond that listed in your policy, talk to your agent. 

What specifically is covered 

Subject to your deductible and policy limits, a wide range of your personal possessions are covered under your homeowner’s insurance. 

  • Large appliances, like your furnace, may be covered by a home warranty instead. Small appliances, like toasters and microwaves, will fall under your homeowner’s policy. Your policy will also cover electronics, including televisions and computers. Furniture is also included. 
  • Personal possessions are included, such as clothing, books, and jewelry. There are probably limits on the value of the jewelry, so if your jewelry is valuable, you may need additional coverage. 
  • Homeowners insurance may cover some items you are storing on your property, like boats during the winter. Again, these are subject to certain limits, so you probably need boat insurance too.

If you have any questions about your coverage in Burlingame, CA, or if you feel like you could use greater protection, please call Commercial One Insurance Service, and we will be happy to help.

Buying a Home? Must Have Home Insurance Coverage

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.