When you buy a home or rent an apartment, it is important to make sure it is properly insured to cover any kind of accident or damage. While individuals should always get the state-mandated minimal insurance, it is always a good idea to look into getting additional coverage to handle any high-cost claims that you may incur.
Water damage is a common claim, and can still affect you even if you don’t live in a flood zone. Depending on how old your home or apartment is, there is a chance for a pipe to burst or your toilet overflows. Remember to purchase a policy that will cover water damage despite the source of the water.
Wind and Hail
Severe weather can damage your home, and as Florida residents we endure high winds during hurricanes which can also hail and tornadoes. Exterior damage can be expensive to repair, so make sure to have adequate coverage for your state’s climate.
You never anticipate that a visitor on your property will get hurt, but because there is a possibility of being sued if this happens, you need proper liability coverage.
If you are a dog owner, you must make sure they are properly controlled at all times. You never know what could make a dog feel threatened and decide to bite someone. If someone gets bitten, they have a right to sue you posing a lot of financial duress. With dog attack claims, the dog owner assumes primary responsibility and could be found liable. Make sure you have enough liability coverage and keep your pets under control.
Losing your home to a fire is overwhelming, and the claims process doesn’t help relieve any of the stress. When you make a fire claim, you must be able to prove the worth of what was lost. If the insurance company doesn’t agree on the value, an investigation will follow. To help matters, make sure to keep a running tally of your belongings as well as their value.
When searching for a homeowner’s policy, make sure to look at the scope of the policy as well as the price. If you don’t have proper insurance coverage, you could be looking at additional financial burdens after an unwanted disaster.