Home insurance is one of those things that's easy to forget about until you need it. And by then, it's often too late. That's why it's important to make sure your home insurance is up to date and covers everything you need it to. Here's a quick rundown of what you need to know.
Types of Home Insurance
There are two main types of home insurance: buildings insurance and contents insurance. Buildings insurance will cover the structure of your home in the event of damage from things like fires, floods, and severe weather conditions. Contents insurance, on the other hand, will cover your personal belongings in the event that they are damaged, stolen, or lost. Most home insurance policies will cover both buildings and contents, but it's always worth checking to be sure.
What Does Home Insurance Cover?
The cover provided by home insurance policies can vary significantly from one insurer to the next. That's why it's so important to read the fine print carefully before you commit to a policy.Generally speaking, though, most home insurance policies will cover the following:
- Damage caused by events like fires, storms, and floods
- Accidental damage
- Loss of property while away from home
It's also worth noting that most home insurance policies will have a number of exclusions. For instance, most policies will not cover damage caused by earthquakes or landslides. It's always best to check with your insurer to see what is and is not covered by your policy.
Home insurance is an important protection for homeowners, but it's easy to forget about until you need it. Make sure your policy is up to date and covers everything you need it to by reading the fine print carefully and familiarizing yourself with the types of coverage available. If you would like to review your policy, please give us a call at 432.848.3055.
Don't wait until it's too late—insure your home today!