When you own your own home, you have truly reached the American dream. A big part of owning your own home is making sure that you have the coverage you would ever need in the case that a disaster happens. There are several things that can go wrong in a house, and you want to make sure that you have the coverage that you need so that you aren’t stuck with a home that needs help and no money to repair it. Signet Insurance Group is here to talk about a couple of policies that homeowners should know about that will help them have the coverage they need on their homeowners insurance.
Extended Dwelling Coverage
No one wants to think that anything could potentially destroy the home that they live completely. However, between nature and accidents, there are plenty of different scenarios that can leave you with a home that is destroyed. When this happens, you want to make sure you have the coverage you need to completely rebuild your home. The cost of reconstruction is always different depending on where you live and what the market value for your home looks like. When you initially bought your home, you probably got an insurance policy that covered less that the home is worth 10 years later. If the cost of construction goes up, you want to make sure you aren’t caught paying for the cost of rebuilding out of your pocket. When you have an extended dwelling policy, it gives you more coverage to make up the difference in reconstruction costs. There are many times where extended dwelling coverage can end up saving homeowners.
Building Ordinance or Law Coverage
Again, we are getting ready to talk about a policy that would be put in place should you completely lose your home and be facing a rebuild. When your home was initially built, it was definitely built to the building code guidelines that were in place at the time. Over time, those codes change with the demands that are put on houses in today’s world. Surely, those codes have changed since your home was built; unless your home was built recently within the last couple of years. A building ordinance or law coverage policy is going to give you coverage to make up for the added cost that comes with rebuilding according to the current building codes. If you don’t have this policy, you will end up paying for these extra costs out of your own pocket. They can add up quickly and leave you in a lurch.
Home, Business & Auto Insurance Agency in Henderson, North LV, Reno, Spring Valley, Enterprise, Sunrise Manor, Paradise & Las Vegas, NV
If you have questions about your homeowners insurance or are thinking you might need to make some changes to the coverage that you currently have, you can turn to Signet Insurance Group to help you sort it all out. We will help you find the best coverage for your money in case the worst happens. Call us today!
Licensed Insurance Broker in Nevada, Utah, Arizona, Idaho, Colorado, Texas and California