Find out where your homeowners insurance in Antioch may be lacking.
Your home is your castle, and you likely do everything you can to protect it. From locking the doors at night to turning off the water supply while you’re out of town, there’s a lot that you can do to safeguard your home. Reviewing and renewing your homeowners insurance in Antioch plays an important part in protecting your home from disaster.
Homeowners insurance is there to protect your home after a disaster. It helps to rebuild, repair, and replace your home and belongings after a covered peril. However, even if you have a current policy in place, there may be sizeable gaps you didn’t know existed. When your lifestyle and needs change, your policy will need to be updated. Reviewing your home insurance is the only way to make sure you know you’re covered!
Check Your Contents Coverage
You’ll have two options for coverage when purchasing insurance: replacement cost or actual cost. Replacement cost coverage will help to ‘replace’ your item. For example, a similar TV that was three years old, like the one that burnt down in the home fire. Actual cost coverage will work to replace your TV with one that is a similar value to the one you had previously. A replacement cost policy typically doesn’t include the same level of coverage for contents. Instead, the reimbursement amount for the items is based on a percentage of the replacement value for the entire house. Read the fine print and update your home inventory to ensure that you have the right coverage and the right amount!
Ask the Experts
Don’t be mistaken by thinking that your home’s replacement cost value is the same as the price that you paid for it. You’ll have to factor in rebuilding costs as well as the price of materials. In order to determine the right level of coverage, ask for an estimate from your local contractor and seek advice from your home insurance agent.
Additions and interior renovations, such as a new kitchen or remodeled bathroom, could push your home past its current insured value. Some improvements may also come with unexpected insurance costs. For example, if you put in a new pool or buy a trampoline, you may need umbrella liability insurance.
Find the right protection for your home by securing homeowners insurance in Antioch. Contact the California experts, Jack Stone Insurance Agency for all of your insurance needs in Antioch and surrounding cities.