If you’re a resident of Rockville, MD, then you’re probably already familiar with everything that can go wrong with your home. Between accidents and the constants threat of natural disasters, having a good home insurance policy is essential. Figuring out exactly what your policy should cover, however, can be tricky. If you’re currently in the market for a new home insurance policy, make sure you ask your agent about these items.
- Replacement coverage. Some home policies will only give you enough funds to cover the estimated value of your loss. That means you’ll get a fraction of the money it will cost you to replace items such as furniture and make home repairs. Replacement coverage will give you enough funds to restore what you had before a disaster.
- Ancillary buildings. Many policies specifically exclude garages, sheds, pool houses, and docks. Just because these structures are not physically attached to your house, however, doesn’t mean that they don’t need to be covered. Consider how much it would cost you to replace these buildings.
- Small electronics. This is a relatively new area for many home insurance companies, but as more people have thousands of dollars invested in the phones, laptops, televisions, and other electronic devices in their home, it makes sense to ask about the type of coverage a policy offers for these items. It is often possible to add a rider onto a home insurance policy that covers these items and offers a smaller deductible than the main policy.
If you’re in the market for anew home insurance policy to cover a property in the Rockville, MD area, call our agents today. We’ll be able to help you find a policy that covers everything you need while fitting into your budget.