Are There Gaps in Your Home Insurance?

There are many reasons why you may have gaps in your home insurance policy. Changes in your personal situation, home or lifestyle could affect your coverage, causing it to fall short of providing you with the protection you need. Here are a few areas in which gaps may be present in your policy.

Dwelling Insurance (Replacement Cost):  Your dwelling insurance should be sufficient to replace your West Hartford, CT home in the event of total loss. If not, there’s a gap in your coverage. Many homeowners are only covered for market value which could be far below the replacement cost of their property. If their home suffers loss, they may have to make up the difference between replacement cost and market value out of their own pocket in order to rebuild their home.

Pets:  Some policies exclude certain breeds of dogs in their liability coverage. If you own a dog, you should make sure it’s covered under your policy. Otherwise, you run the risk of being liable for dog bites should your pet attack a visitor on your property.

Natural Disasters:  Many natural disasters such as wildfire, tornadoes and hailstorms are covered by a standard homeowner’s policy; flooding, hurricanes and earthquakes, however, are not. If you don’t  obtain separate coverage for disasters not covered by your home insurance policy, you’ll end up paying for damages these disasters cause out of your own pocket.

High Value Items:  Posh jewelry, expensive sports or music equipment and costly electronics may not be completely covered under your homeowner’s insurance policy. This leaves them vulnerable to theft, damage or loss. You can resolve this problem by obtaining a rider or separate policy from StateChoice to cover these goods with replacement cost.

Help close gaps in your homeowner’s insurance with a comprehensive insurance policy from StateChoice, West Hartford, CT.