Most people don’t really know what all is covered in their homeowners insurance policy. The documents can be confusing and complicated to read through. Some people would rather have a root canal done than take time to read their homeowners insurance policy. But understanding what coverage you have and the coverage you need are very important, especially here in the Houston area where hurricanes are so common. You’ve invested a lot of money in your new home, so you want to ensure your investment is protected.
There are lots of misconceptions about homeowners insurance policies that are common especially with first time homeowners. Some people think that flood insurance is standard with their homeowners insurance policy. Some people think that all of their valuables including jewelry are covered in the event of a burglary. Some people believe that their policy covers mold and problems that result because of improper or lack of maintaining the home. Well, that is not the case.
If your homeowners policy is up for renewal, this is a good time to re-evaluate your homeowners coverage and revisit what is covered and what is excluded. And find out from your insurance agent if you should consider a separate Flood Insurance Policy. This is a great time to find out whether you can enhance your coverage in any way, or find out if you can renew your policy at a lower cost. You want to find out about all the exclusions now, to avoid issues later on.
So take the time to read through your existing homeowners insurance policy, and talk to your insurance agent to get clarification on what you do have. You want to make sure you have the coverage you need this coming hurricane season. You never know when you’ll have to deal with an accident on your property or the wrath of mother nature.
