Your homeowners insurance should adequately cover your home, most likely your biggest asset.

These coverages are key: 

• Replacement Cost on Your Home – Replacement cost provides adequate coverage in the event you  have to rebuild your home from scratch while taking into consideration inflation, the price of labor, and the cost of brand new materials. Replacement cost does not mean simply market value or actual cash value. 
• Replacement Cost on Contents – This covers the replacement cost of your belongings. Think of your appliances, furnishings, electronics, and your wardrobe. Spend just a few minutes adding things up and you’ll likely find that the cost adds up quickly. We think it’s important to have replacement cost coverage on your contents.
• Increased Liability – Most people are underinsured for personal liability.  If your child’s friend is injured while playing in your yard, and the parents think you are liable, your homeowners policy would provide the protection you need, up to your limits, for the legal fees and medical expenses. This coverage comes in increments of $100,000, $300,000, and $500,000, and are usually only a few dollars more each month for every $100,000’s of coverage. 
• Personal Injury – This coverage provides protection against slander and libel and can cover everyone who is a “named insured” on your policy including your spouse and children. It seems that everyone is on social media today. Others may not always agree with your comments and opinions. You need to be protected.
• Service Line coverage – Service line coverage offers protection to cover the cost to repair damaged exterior underground service lines. Most homeowners are unaware that they may be responsible for exterior underground utility piping, lines and wiring connecting their home to the utility source and that the standard homeowners policy provides no coverage. 
• Water Backup coverage – This protection helps pay for water damage resulting from a backed up drain or sump pump. It can help cover the cost of removing water and replacing flooring in the event of an unexpected backup.
• ID Theft – This coverage helps reimburse victims for money spent on reclaiming their financial identities, repairing their credit report, and covers legal help. 
• Reasonable Deductibles – Check to make sure your current deductibles are affordable. Some policies include a $1,000 deductible, but with 1%,2%, and 5% Wind/Hail deductibles, which would be an expensive out-of-pocket cost in the event of a wind/hail claim. 

We would love to work with you to make sure you’re adequately covered. Even if we’re not your insurance agency, give us a shout if we can help answer any questions on homeowners insurance or explain any of these coverages. We would love to help.