Home Insurance: Do You Need to Insure everything?

​There are no two ways about it; home insurance is a must for any homeowner. It can be beneficial, but it can get costly too. It can get so pricey you might ask yourself, “Do I really need to insure everything?” This article will address that by looking at some of the general limits of an average insurance policy. To help you get an idea of what you should ensure.

Personal Belongings May Not Be Fully Covered.
If you are in the process of renewing your insurance or even if you are not, it is a good idea to take stock of your personal belongings because the more valuable ones you can declare on your policy to be ensured, at a higher premium of course. Higher valued items include jewelry, fur coats, and even laptops and computers.

For these items, a standard limit is below $2000. Now, it is up to you if you want a plan that covers these items. You can also opt for one that is at a cheaper premium. Still, if the jewelry you own is worth more than  $2000, you can choose or consider a special property floater. This floater will allow your jewelry to be insured on their own as a single collection.

If You Do Not Own a House
Now, this is something that is a risk. You see there is the Additional Living Expense or ALE. What it covers is your living expenses for when you don't have a house, like if you lose it to fire for example. So what this includes is your hotel and restaurant expenses while your home is being rebuilt.

If in case you are renting out a portion of your house, ALE also covers the rent lost during the time the house is not fit for living in. It is still a risk; however as there are places that are more prone to fire than others. Also, companies have varied offers on ALE, so it is a good idea to review offers.

We know that these things can be a bit intimidating. If you need someone easy to talk to about insurance coverage you can check our website, we are sure to help you out.

At Black And Associates Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (509) 464-0058. Get your free quote today by CLICKING HERE.