5 Crucial Considerations for Homeowner Insurance

There are different styles of homes and several different types of homeowner’s insurance policies and options.  You want to make sure all major perils are covered to protect your home investment in the Sandy, UT area.  Here are 5 crucial considerations for you to keep in mind when you are looking for a homeowner insurance policy.

Items to Consider

  •  It’s important to insure your home for 100% of the replacement cost to play it safe in case your home is a 100% loss.  Do not include the cost of the land, only the cost of replacing your home.  You may also want to consider an inflation guard option to keep up with the cost of rebuilding your home.
  • Insurers often cover the contents of the home for 50% to 75% of the home’s value.  You can make an itemized list of the contents for a more exact estimate of replacement value.
  • Ordinance-and-law coverage is a rider designed to cover the costs of bringing your home into compliance with current building codes.  This coverage can be important if your home is older than a few years.
  • There are certain events that a homeowner’s policy may not cover, such as flood or earthquakes.  Make sure you review the policy with an experienced agent to see if you are covered or if you need to purchase separate coverage for any specific events.
  • Most policies provide standard coverage for personal property in the home.  If you have expensive items like jewelry, antiques, collectibles, firearms, or other items of high value, you should consider extra coverage for these.

Wasatch Preferred

Figuring out the right homeowner insurance policy can be stressful.  To help relieve this stress, work with one of our friendly and experienced agents from Wasatch Preferred, Sandy, UT.