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How to Make Sure Your Home is Properly Covered for a Disaster

Home Disaster Coverage

Protect your biggest investment by ensuring it’s covered.

Your home is your castle. When accidents happen, your homeowners insurance is there to pick up the pieces. But is it? Many homeowners don’t realize that they lack coverage, or worse, don’t have the right coverage for their home. When a disaster hits your property, you’ll want to fall back on your policy, so it’s wise to be sure that it is enough.

Do I have enough insurance to rebuild my home?

Don’t make the common mistake of thinking that the real estate value is the price that you need to protect your home. A replacement cost policy pays for the repair or replacement of damaged property with materials of similar kind and quality. On the other hand, extended replacement cost coverage provides additional insurance coverage of 20 percent or more over the limits in your policy, which can be critical if there is a widespread disaster that pushes up the cost of building, materials, and labor.

Do I have enough insurance to cover my personal belongings?

While most policies cover 50 to 70 percent of the amount of insurance you have on your home, it may not be enough. The best way to know if all of your possessions are covered is to conduct a home inventory, detailing everything you own and the estimated cost to replace these items.

Do I have enough coverage for additional living expenses?

In some cases, a disaster destroys a home so badly that the homeowner cannot live in it while it is being repaired. As you may need to stay in a hotel, eat out in restaurants, and experience additional costs in your daily commute, additional living expenses coverage can help to cover these costs.

Do I have enough insurance to protect my assets?

It’s important to have adequate liability protection in case any incidents happen. Coverage can help to pay for defending you in court and for any damage a court rules you must pay.

Are you ready to call your insurer? Secure reliable homeowners insurance by contacting the professionals at Bell Black Insurance! We serve Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming.