How to Save Big with Home Contents Insurance

Things happen, they just do. 

Unanticipated events are a part of life that possesses the potential to bleed one’s savings dry.  Whether it is a rusted water-heater in the home or a Nor’easter blowing through Frederick, MD, unexpected disasters can cause significant damage to furniture, knickknacks and even irreplaceable keepsakes.  Is there a way to protect one’s home’s contents before the accident/disaster occurs?

The reality is, there is the insurance product — home contents insurance — that can be purchased from the respected insurance professionals at Wellspring Insurance Network Inc. for those living in the Frederick, MD vicinity and surrounding areas. 

When considering the purchase of home contents insurance, it is important to determine just how much it will cost to replace the items that can be taken from a home when one moves. This would include:

  • Clothing and Jewelry
  • Electrical and Entertainment Equipment
  • Kitchen Furnishings
  • Furniture
  • Curtains, bedding, and towels

The list adds up quickly, and the cost to replace the contents will likely total in the tens of thousands of dollars. The best way to accurately anticipate the replacement cost of one’s home contents is to keep a written record of any item that cost more than $500, or so. Work from room-to-room to ensure all items are included in the total estimate.

Most contents insurance policies include a ‘wear and tear’ clause to account for an item’s true cost at the time of the unexpected event. However, home contents insurance is generally an affordable option for those who seek to protect their prized possessions. 

Home contents insurance is not required by a third party, like a mortgage lender. Home contents insurance is strictly optional, but a really levelheaded idea. Reach out to the insurance professionals at Wellspring Insurance Network Inc. by email, or phone (240-848-0355) to meet all your insurance needs.

What is Comprehensive Coverage and Why Do You Need It?

Do you know what comprehensive coverage does or why you even need it? For many Frederick residents, this is a question that they cannot answer.

Thankfully, our Wellspring Insurance Network Inc. team has put together a short post to help you understand. Here is what you need to know about comprehensive coverage and why you need it.

What is Comprehensive Coverage?

It is important to understand what your car insurance’s comprehensive section covers in the event of a claim. In most cases, it protects you against so-called “acts of nature” including fire, storm damage, and weather-related events. Theft and vandalism are also listed perils under your comprehensive coverage. Should you experience a comprehensive loss, all you would have to pay to fix your vehicle or replace a stolen vehicle is your deductible.

Why Do You Need Comprehensive Coverage?

Comprehensive coverage is important in that it protects you from having to pay for damage to your vehicle due to incidents that are largely out of your control. If your vehicle is newer or you’re concerned about having to pay out-of-pocket to repair or replace your vehicle if it is stolen or damaged by weather, you should consider adding comprehensive coverage to your policy.

Are You Required to Carry Comprehensive Coverage?

In most cases, you are not required to carry comprehensive coverage on your auto insurance policy. However, there is an exception. If you have a loan or lease on your car, you’ll need to discuss with your lender whether they require you to purchase this type of protection.

Wellspring Insurance Network Inc. is proud to help residents of Frederick, MD and surrounding areas with all of their auto insurance needs. Please contact us today for a no-obligation coverage review.