Home Insurance Greenville

In order to make sure you have the right level of coverage, it’s important to understand the five key questions to ask about your homeowners policy:

1. How much coverage did you quote on my house? Does this include detached structures?
2. What are the dollar limitations on claims?
3. What is the replacement cost of my home?
4. What is the actual cash value?
5. What are the liability limits?

Answering these questions can help you determine if you need to purchase additional coverage beyond the limits of a standard policy, such as for valuable jewelry and valuables. Additionally, it’s important to note that most homeowners insurance policies do not cover flooding, earthquakes, mold, damage from power surges or outages, dog bites, and damages caused by neglect or poor maintenance.

It’s also important to remember that the policy is still yours, and you should select the insurance you feel offers the best coverage at the best rates. Make sure to review your policy regularly with your agent or company representative, and be honest in your assessments. With a little bit of research and knowledge of your coverage, you can make sure your home and possessions are protected.

When it comes to homeowners insurance, many people assume that flood damage is covered by their policy. However, this is not the case. Most standard homeowners policies do not include protection for flood damage. This means that if your home is damaged by a flood, you will need to purchase additional coverage in order to be protected.

Fortunately, you can purchase a separate flood insurance policy through the National Flood Insurance Program (NFIP). This policy is available to homeowners who live in high-risk flood areas and have a mortgage on their home, although it is worth considering even if only one — or neither — condition applies to you. The amount of coverage required must be equal to either the property’s rebuilding cost or the coverage maximum, whichever is lower.

Unfortunately, homeowners insurance policies also typically do not cover termite damage or removal. Termite infestations are considered to be preventable, so the cost of termite damage and removal will come out of your pocket. To help protect against potential costs, you may want to consider purchasing a termite warranty.

It is important to note that additional coverage may be required for flood insurance in some cases. If temperatures dip below zero and a frozen, burst pipe causes water damage, your home coverage may not apply. This is because the damage was caused by negligence. Similarly, if your roof isn’t maintained properly, any resulting damage may not be covered with your homeowners policy.