What are some common homeowner’s insurance questions?

Homeowner’s insurance policies are designed to assist household members in rebuilding their lives and obtaining financial assistance in the event of an accident, injury, or another type of incident. Whether you’re purchasing a new home or simply reevaluating your current policy, there are many different aspects you should be aware of. We’re betting that you have some home insurance questions you’d like to ask your agent. To help you out, we’ve outlined some of the most common inquiries that we receive from potential and existing clients.

How Much Liability Protection Should I Get?

As a homeowner, you can be held responsible for bodily injury or property damage that happens inside or outside your home. Liability insurance covers all of your court costs and anything you’re forced to pay up to your limit. The insurance company will not pay out more that what your liability limit is. Many homeowners choose to get higher than the bare minimum or average for liability coverage just to put their mind at ease.

Will All Personal Property Be Covered in a Total Loss?

When purchasing homeowner’s insurance, your goal should always be to cover the cost of replacing all of your personal property, such as your furniture, appliances, clothing, and everything else. In most cases, the amount of personal property coverage is recommended to be 50-70% of the cost of your home. If you have particular luxury items, though, you’ll want to discuss that with your agent because it’s possible that you may need a separate policy for certain things depending on the value.

Do I Qualify for Any Coverage Discounts?

When dealing with an insurance agency, there will be different discounts that you may be qualified to receive. For example, you can obtain a lower premium if you’re a gated community. Another common discount comes with the installation of a home/auto package discount and wind mitigation. Discuss these possibilities with your agent and you should be able to save some money.

Will Any Separate Policies Be Necessary?

No homeowner’s insurance policy covers every single type of damage, so it’s important to discuss this with your insurance agency.

How Does a Potential Claim Process Work?

The claim processes your insurance agency goes through should be a transparent process at all times. If you’re curious about how everything works, have your agent go over how a claim is initially made, what happens at each step, and the general timeframes that everything should be expected. They’ll also be able to tell you what steps you can follow to make the process go more smoothly.

Contact Coleman Insurance Agency for More Home Insurance Questions

Coleman Insurance Agency can answer any home insurance questions that you may have. We also handle commercial policies, auto insurance, life insurance, and several other types of coverage. As a Clearwater insurance agency that you can truly count on, we’re here to assist you in any way possible. Please contact us by calling (727) 441-9911 to schedule a no-cost consultation.