3 Things a Homeowner’s Insurance Policy Might Cover

By law if you own a home, you are not required to purchase a homeowner’s insurance policy. If you take out a mortgage, though, the lending institution may require you to purchase a policy before they get agreed to lend you the funds.

As you are encouraged to budget for your monthly mortgage cost and an additional amount to cover potential repairs and add-ons like Homeowners Insurance in Jacksonville. The goal is to ensure you will be able to comfortably enjoy your home and monthly payment.

Here are three things a might cover.

Structure of the Home

When you speak with an insurance sales representative, it is a good idea to dig deep into the various insurance options available to you. Take into consideration the size of your home, its geographic location and potential natural disasters that could occur in that area. When you pick your policy, most homeowner’s insurance policies will cover the structure of your home. You also want to double check that the policy covers different types of events that could impact the structure.

Personal Possessions

Most homeowner’s insurance policies will be reimbursed for the loss of personal possessions. It is a good idea to know how much monetary loss the policy will cover as well as the conditions. You simply want to be sure that you know the circumstances it will cover. Sometimes, if loss is caused by an earthquake, you must also have earthquake coverage.

Living Expenses

If your home is negatively affected by an event covered by your Homeowners Insurance Jacksonville, it may cover temporary living expenses, too. This helps you get back on your feet during clean up, remodeling or something else. Before you sign on the dotted line, check over the details for certainty.