Your home is not only the place that you and your family live, it is also likely the most expensive asset that you own. Because your home is so important, it is necessary to have homeowners insurance in Wichita KS. If something were to happen to the home, you want to have coverage to handle any necessary repairs. Without insurance, the money would need to come out of your pocket for the repairs, which you may not have. If you have a mortgage, the lender would require that you have insurance. This way they can be sure that they will still receive their monthly payments, regardless of the damage to the home. When it comes to your insurance, you should know exactly what your policy covers.
Standard Homeowners Policy
A standard homeowners policy covers the following:
*Rebuilding and Repair Costs: If the home is damaged or destroyed, the policy would cover the home so that it can be repaired to its original state.
Liability: If someone is injured on your property, your liability insurance would cover their medical expenses and the cost of their pain and suffering. Without this insurance, you could end up paying out a great deal of money for the lawsuit.
Living Expenses: If your home was damaged or destroyed, and you cannot live in it, your policy would cover your living expenses until your home is repaired.
Personal Belongings: If you had personal belongings stolen from your home, or damaged or destroyed, your policy would cover the items.
Many homeowners choose to purchase additional coverage for added protection for their home. Some of these additional coverages include:
*Flood Insurance: A standard policy does not cover floods. One of the best things that you can do for your home is to purchase flood insurance. Even if you do not live in an area where floods occur, you could still have a burst pipe or water heater, which can cause a great deal of damage.
Disaster Insurance: Disaster insurance will cover your home if it was destroyed in a hurricane, tornado, earthquake, or any other natural disaster.
The best thing that you can do for your home is to purchase Homeowners Insurance in Wichita KS. The professionals at Andy Woodward Insurance Agency write a policy for you to keep your home protected.