What is your biggest asset? The one thing you really cannot afford to lose? That’s right, your home. So, the one thing you never stint is on your homeowner’s insurance. It is true, it is not illegal to not have insurance on your house, but if you financed your home through a bank or a mortgage lender, they will very likely require that you keep your insurance current. There are typically two basic types of homeowners’ insurance, you can insure the building, the contents, or both. There are people who only insure the building, but chances are they have never stopped to add up how much it would cost to replace the contents of their house such as clothing, furniture, electronics, and the like. There is a third component to homeowner’s insurance in Columbus, NE, which is liability. Liability insurance is important and should be considered.
Building Coverage
When it comes to covering your building in the event of a fire or another disaster, your homeowners’ insurance will cover rebuilding your home, your garage, and any other buildings that you use that are in the immediate vicinity of your home. At the time you purchase your policy be sure that it will cover the cost of cleanup of the site plus the cost of rebuilding your home. You should always read the fine print so that you know exactly what you are covered for. Generally, homeowners’ insurance in Columbus, NE, will not cover you for earthquakes or floods. You can purchase flood insurance, but that policy will be covered by the Federal Flood Insurance Program.
Contents Coverage
When you talk about contents coverage that means insurance that covers everything inside your home. Furniture, carpet, clothing, cash, appliances, everything other than collectibles and things of that nature that are irreplaceable. It can be extremely easy to underestimate the amount of this coverage necessary. Is also a very good idea to take pictures of your possessions. If you have any questions or concerns about your homeowners’ insurance in Columbus, NE, please do not hesitate to contact the professional and friendly staff at Hometown Insurance Agency of Columbus, NE.
