Homeowners Insurance – How Much Do You Need

Your home is where you feel safest, and if anything devastating were to happen, you’d want your insurance to cover the damage quickly. So, don’t make the mistake of getting too little insurance when buying your home. If you’re in Westerville, OH, the friendly staff at Associated Insurance Agencies Inc. will help you decide what type of insurance would help cover your home.

How To Determine What You Need

Homeowners insurance is for protection for you just in case the worst happens. You’ll need to get enough insurance to cover the cost to replace your home if your home is destroyed. Several factors determine the replacement cost. The first is the cost that you paid versus how much your home is worth. If you’ve remodeled your home, the insurance company will take that into consideration. If you’ve added rooms or built a deck, this will be taken into account. You will also need to take a look around and determine how much your personal belongings are worth. 

Additional Things to Consider

You may also need to get additional living expenses if your house is unlivable after a disaster. If you run a business from your home or had renters, homeowners’ insurance may reimburse you for your lost income.

Liability coverage can range from $100,000 to $300,000, but lawsuits can quickly rise above that cost. If you have a pool, dog, or children, you may want to add extra liability coverage to protect you if someone is injured due to any of these items.

How to Prepare for Insurance

First, take photos of your items and videotape any new or remodeled spaces. Next, stop in the offices at Associated Insurance Agencies Inc. in Westerville, OH. The independent agents will help you with your homeowners’ insurance policy and find you a quote.