Special offer

What Types of Coverage Are Included in Standard Home Insurance Policies? Let’s Take a Look - Thinking of Buying a Home in Elk Grove

By
Real Estate Agent with Real Estate Specialist -Rigley Realty Group 01391317 / 01472902

Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 Info@RigleyRG.com
What’s My Elk Grove Home Worth?
Please call us to discuss your potential
 Home Value in Elk Grove, CA 916-660-5823. Click here to use our FREE Online Home Value Estimator. Call for a FREE consultation

 

Every insurance policy is different and can provide certain levels of protection tailored towards the needs of the policy holder. However, there are some standard types of coverage that are included in most basic home insurance policies.

 

 

Basic Levels of Protection

 

Most homeowner insurance policies will include some basic levels of protection and coverage. The main dwelling will be protected from many forms of damage and the insurance company will pay to repair the damaged dwelling. This will extend to other smaller structures on the property, like sheds and separate garages, but the level of coverage will differ.

 

Damage is one important aspect of insurance, but protection for personal belongings is equally important and is also included in a standard home insurance policy. The monetary value of items in Elk Grove home will be covered in case of damage or theft, so it's a good idea to keep track of valuables. Every insurance company will have a different limit on the amount covered, so it's wise to compare the value of belongings against the level of coverage.

 

The third aspect of home insurance policies is liability protection. This will cover any personal injuries that are incurred on the property by people who do not live there. It may seem silly, but having protection in case of a lawsuit can go a long way to saving a family financially as attorney fees and medical bills add up.

 

 

What Is Not Included?

 

Although each insurance company has different policies that cover different parts of your Elk Grove home, almost all of them do not include one important aspect in their policies. Damage caused by floods, earthquakes and war will not be included in most standard home insurance policies and may be important depending on the geography of the area.

 

Another important note is that flood damage does not just apply to natural flooding in the region, but will also include water damage from broken pipes or backed up sewage lines. It's an important distinction because many first-time Elk Grove home owners assume this water damage will be covered under their basic insurance policy.

 

The right insurance policy can be difficult to figure out for first-time home owners. There are many questions to ask about the property to determine the right policy and it's a good idea to consult with a local real estate agent to get their insight into what additions may be needed.

 

 

 

To stay up to date with more Elk Grove Community News and Events, Elk Grove Real Estate information, log on to www.RigleyRealtyGroup.com

 

Are you a local hero looking to buy or sell a home in Elk Grove? CLICK HERE to find out about the Home Benefits for Heroes savings program NOW! Former and active Military, law enforcement, firefighters, health care providers, first responders, and teachers are but a few of the everyday heroes that may be eligible for home buying and home selling discounts through Home Benefits for Heroes

 

Need help finding that perfect place to call home?

 

Looking for a top Elk Grove realtor? Call the Rigley Realty Group  today at 916-378-4671 or log on to www.RigleyRealtyGroup.com to start your on-line home search now. Call us today – you’ll be glad you did.

Posted by

Thanks for joining us,

Mike & Jennifer Rigley

RigleyRealty Group

916-339-7061

Cal BRE # 01391317 / 01472902 

 

Like us on...

            

Whether you are buying or selling a home, Mike and Jennifer Rigley of the Rigley Realty Group are your go to local Realtors. Their strong focus on assisting homeowners in need and offering a free straightforward no nonsense consultation, is why they have been named one of "Americas Best Real Estate Agents for 2013". 

  

  This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mike Rigley's personal views.

Comments (0)