We offer competitively priced homeowners insurance to people throughout all of California. Homeowners insurance is designed to protect your home from damage resulting from fire, wind, theft, vandalism and other perils as described in your insurance policy. However, there is much more to a homeowner’s, renters, or condominium policy.
One problem we see is that many people do not know what their homeowner’s insurance covers and does not cover. Some damage not covered by a typical homeowner’s insurance policy includes:
•Damage to vehicles
- Loss from business operations
Homeowners insurance offers many coverage benefits other than covering damage to your home or other dwellings.
Renters, condominium, and homeowner’s policies will generally cover replacement of your personal property after a covered loss. When you think about the value of your clothes, furniture, electronics, toys, and other items, this is a wonderful value. These policies can also be amended to include unique items like guns, artwork, and expensive jewelry. If you have personal property coverage, that can also include some limited value while items are away from your primary residence.
Art, Guns, and Collections
As stated above, your homeowners insurance can be expanded to include coverage for unique collections, antique furniture, coin collections, expensive art, jewelry, and other items. For example, if you own an expensive diamond, you can add it to a floater policy that covers the ring wherever you go. It can also provide coverage if the ring is lost or the stone falls out and cannot be found.
Identity theft is a significant problem for individuals today. Your renters, condominium, or homeowner’s insurance policy can be amended to include identity theft coverage. If someone steals your personal information, you may be subject to hours of time and expense trying to restore your credit. Identity theft coverage can help offset expenses associated with identity theft. Usually, this kind of coverage has a sub-limits attached to it.
Additional Living Expenses
If your home is damaged by a covered loss, additional living expense can provide funds to allow you and your family to live in a secondary location while your home is being repaired. This kind of coverage can also include the cost of food. We recommend each family review and consider this coverage. We can modify the limits to reflect your individual family’s needs.