It is always a good idea to conduct home inventory on your home in Florida. This way, if you have to file a claim, you know exactly what is inside your home. Without an inventory, it could be problematic to prove what you have and get the money need to make replacements.
Know What You Have
You may not even realize just how much you have until you start creating inventory. You will want to go room by room to list what you have. It’s also a good idea if you photograph every item. This will help to reduce the likelihood of being denied something.
Go through and determine the value of everything within your home inventory. This is important for several reasons. First, it will make it easier for a claim to be filed if you know exactly what you possess. Second, it will ensure that you have enough coverage on your policy based upon the value of the items inside your home. For example, jewelry and art can be valued higher than you may think – and you want to have it dictated on your policy.
Filing a claim with your home insurance company can be long and tedious. The claim adjustor is going to want to know everything you had that was lost or damaged. If you cannot produce a thorough list of everything, it can make it harder to establish a value, and you could end up getting cheated out of money that is rightfully yours. When you have a home inventory, you can produce a list, complete with photos and values.
To learn more about home insurance and home inventories, contact Runnels Insurance today and speak to an agent. This will make it easier to enjoy peace of mind.
Liability coverage on a home insurance policy is used to protect you against damages associated with an accident occurring on your property. In many cases, liability insurance helps safeguard a homeowner against lawsuits resulting from an injury occurring within your home or damage to another’s personal property. Your level of coverage is accessed based on your budget and need.
Determining How Much Liability Insurance is “Enough”
Different carriers will offer several types of inclusions on liability insurance plans for homeowners. Most standard coverage will include payments toward medical bills if a visitor is injured in your home and the courts find you legally responsible for the accident. Legal fees may also be covered within the inclusions of liability insurance. Loss wages could also be reimbursed under a liability plan if the injured was out of work because of the accident. Liability insurance may help cover property damage caused by an accident, like the breaking of an expensive family heirloom. If a person dies within your home, dependent on the kind of policy you have, death benefits may be paid out under the plan.
An agent can talk to you about the minimum and maximum amounts of coverage provided through each plan. There is also typically an option to add an umbrella policy to offer additional protection beyond the maximum coverage amount. Exclusions are also important to review with an agent. For instance, a home insurance policy with liability coverage is not likely to protect the insured if an automobile caused damages.
Never get caught without having the proper amount of liability coverage to protect your home and valuables. Contact an independent insurance agent at Runnels Insurance for quotes and available policies for homeowners in Brandon, FL and surrounding areas.