Pa Homeowners Insurance: Protecting Your Largest Investment You Will Ever Make!

Your home is likely the largest investment you will ever make, and the things you keep inside it - wedding photos, collectibles, silver and china, jewelry, antique furniture - are probably your most prized possessions. That's why it's crucial to carry enough homeowners insurance to safeguard your home and everything in it.  Make sure you have an agent who specializes in homeowners insurance, don’t leave your most valuable possession to chance.  

You should never included the land value as part of the insurance valuation, but only the value of what it would cost to replace your home new. Don’t forget the value of your contents.  Your homeowners policy normally covers against theft, fire, windstorm, and many other disaster. It's also wise to be insured for personal liability. This would cover an accident that might occur to someone who is visiting or a friend or neighbor helping you working on your home.

Homeowners Insurance - What's Included

A standard policy provides limited protection against, for example, fire and theft. Broader coverage gives you insurance for additional losses except those specifically excluded from the policy. You can also get special insurance with separate premiums for items such as jewelry, artwork, and collectibles. Each policy is different, if you have valuable jewelry make sure to ask how it is covered under the particular policy you are discussing.

What's NOT Covered

No basic policy covers losses resulting from war, riots, police actions, nuclear explosion, or "acts of God." You can sometimes get an endorsement to your policy to cover circumstances that are normally excluded, such as floods and earthquakes, but it will likely be expensive. If you're in an area prone to such events, however, it could prove well worth the cost.

Other Considerations

Consider liability coverage, which protects you if you are sued for causing property damage or injuring someone. As for deductibles, amounts vary. Your insurance costs less if you take a larger deductible, but, of course, you will have to pay the amount of any loss up to the deductible.

How Much Insurance Should You Buy?

You should insure your house for at least 80% of its replacement value. However, most financial planners recommend that you insure your house for its full replacement value, and perhaps the replacement value of the contents of your home. Carefully read the terms of the policy so there will be no surprises in the event of a loss. Some policyholders believe their homeowners insurance will pay to completely rebuild their house, only to discover caps that limit the insurance company's liability and force them to spend thousands out of pocket.

Don’t Leave Your Most Valuable Possession To Chance:

Make sure you sit down and go over the details of what you need, what coverages are available. Here, at Groninger Insurance Agency, we would be more than happy to go over with you the finer details to make sure you are getting exactly the type of policy you need and deserve for your home.  Call Us Today at 1-800-722-3743 or visit us on the web at www.groningerinsurance.com

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