Are you wondering exactly what your policy for homeowners insurance in Wichita KS will cover? This is a very common question because homeowners policies can vary so much. Although your policy may vary depending upon your choices and the insurance company that provides it, there are still several things that are almost always covered within a homeowners insurance policy. Read on to learn more about typical coverage in a homeowners policy.
The Property Coverage
The main part of a policy for homeowners insurance in Wichita KS is the property coverage. Your home, and the property where it is built, need to be covered in case of disaster. The property coverage is there in case of weather damage, vandalism, or many other types of other disasters. If your home or your property has some type of permanent damage, the property coverage part of your homeowners policy will provide the money needed for repair or rebuilding. Be sure to discuss the exact coverages with your agent so that you can add other coverage types in a policy rider if needed.
The Contents Coverage
Your homeowners policy typically includes coverage for the contents of your home. There is usually a specific dollar limit, chosen by you, assigned to these contents. Virtually everything that is contained within your house is eligible for contents coverage in a homeowners policy. However, certain things like cash or gold bars may not be covered. You can ask your agent for a policy rider if you need to get contents coverage for unusually large amounts of valuable things like cash, jewelry, or antiques. The more contents coverage that you have, the higher your monthly policy rates will be. It is advisable to keep a list and photos of all your home contents in case of a loss. This list will help your insurance adjusters to process your claim much more quickly if you do experience a loss or disaster in your home.
The Liability Coverage
Many people forget that it is important to have liability coverage in a homeowners insurance policy, but it is definitely vital. The liability coverage is there in case somebody gets injured on your property or while they are inside your home. This protects you legally and allows you to avoid paying for judgments against you. Talk to a company like the Andy Woodward Insurance Agency to see how a complete homeowners policy can help you!
