Your home: not only is it one of the largest single financial investments you will ever make, it is a place your family gathers and where precious memories are made. Therefore, you want to ensure you do everything you can to protect it. In a perfect world, we would never have to worry about vandalism, theft, fire, other accidents or natural disasters.
In reality, should the unimaginable happen, having a solid home insurance plan would provide the help you would need to replace or repair anything in and around your dwelling that would need it. Policies do vary between insurance companies, therefore it is important to select the coverage that best suits you, your home and your family’s needs.
Here are some points to think about in terms of personal home insurance:
Liability: Whether you own or rent, you could be held liable for any bodily injury or property damage unintentionally caused to others. Liability coverage offers you peace of mind in the event this happens on your property. It’s important to note: liability coverage does not apply to injuries sustained by you or members of your household.
Personal property: While home insurance covers personal belongings such as appliances, clothing,furniture and electronic equipment – some policies have limits on certain items. Ensure to talk to your representative about extended coverage, if needed.
Your home: If you own your home, your insurance policy will cover the building, contents and outbuildings (i.e. shed, detached garage, etc.) on the property, with some limitations.
Peril: A peril is a chance event that is unexpected and accidental;such as vandalism, fire, wind and theft. However, a home insurance policy is not a maintenance contract. Predictable or preventable events such as such as frozen indoor pipes or roof singles deteriorating are not covered and known as ‘uninsured perils’. If you are unsure of what is covered, talked to your insurance representative.
Acumen Insurance Group Inc. is a full service, independent Insurance brokerage. Their enthusiastic staff of licensed insurance professionals are ready to provide you the absolute best solutions for your insurance needs. For more information, visit www.acumeninsurance.com.