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Dwelling Coverage: A good
policy will pay to rebuild you home in a disaster.
Replacement cost coverage will do that even if it cost more
than your home is insured. A policy will protect you from
most perils such as fire, wind, hail, falling objects,
vandalism, and water from a broken pipe. You choose a
deductible. The higher the deductible the cheaper the
premium.
Contents: A
great majority of losses are from burglaries; your personal
contents are everything from your furniture to your kids’
football. A complete home inventory is a great tool in
deciding how much you have and then how much to protect.
A policy will generally cover your contents for the same
perils as the dwelling.
Other
Structures: Detached
garages, sheds, fences anything other than your main home is
covered from the same perils. Usually the coverage is
a percentage your dwelling amount.
Medical: If
someone is hurt on your property even if your not negligent,
your policy will generally pay their medical bills.
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Liability: Worried
about that swimming pool or swing set, or perhaps your still
correcting that golf slice, either way when someone is hurt
through your actions or on your property, chances are the
liability coverage will pay other’s medical bills, pain,
suffering or even death. Consider having enough coverage to
protect you home value and other assets altogether.
Earthquake: Here
in California earthquakes are a real threat, the equity in
your home can be threatened by the damage cause from an
earthquake. This coverage must be purchase in addition to
your home insurance. Deductibles can be high but worth the
peace of mind.
Flood: Generally
flood coverage can be purchased through the National Flood
Insurance Program from providers set up to administer
policies that include home and content coverage. Rates are
determined by the type of flood rating your house is given
Scheduled
Personal Property: Or
floater can pay for high valued items or from perils that
your policy restricts, a wedding ring, stamp or coin
collections, furs, computers or other valuable can be
insured for their full value and even if they are lost.
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