What every new homeowner should know about home insurance

If you think that home insurance is just one size fits all, you are mistaken. Every home and homeowner has different needs and you deserve an independent insurance agent who takes the time to get to know you and what fits your home and your requirements. Holmes Insurance Services in Youngsville, NC is dedicated to providing our customers with the personalized service they deserve. 

Home Insurance: What You Need To Know

Home insurance has exclusions

As a new homeowner, you probably feel very safe knowing that your home is covered by home insurance. Home insurance does offer a lot of protection, but it does have exclusions that you may not be aware of. Your home is not covered against flooding, earthquakes, sinkholes, landslides and mudslides, sewer backup, termites, mold, rodent infestation, and owner neglect. The good news is that for some of these exclusions, you can add a rider to your policy or get a totally separate policy to provide additional protection. 

All dogs are not covered

If you have a dog, you may never have considered the possibility that your home insurance would not be covered by your home insurance in the event that they ever have a problem with a person or another dog. If you have a dog, you need to talk to your insurance agent about the breed that you have chosen. 

Some categories of content have limits

Just because you have some beautiful jewelry doesn’t mean that it is covered by your home insurance. Typical home insurance has low limits on jewelry. In order to cover your jewelry, you need to get an appraisal and add a jewelry rider to your policy. Art and antiques also have limits that you may want to check if they apply to you. 

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Contact Holmes Insurance Services in Youngsville, NC with your questions and home insurance needs. 

How Home Insurance Protects You

If you own a home, one of your responsibilities is to have a home insurance policy on it. Changes are, your lender requires you to have this coverage. However, even if you are not required to have it, it only makes good financial sense to do so. If you need a home policy, contact us today at Holmes Insurance Services in Youngsville, NC.

Financial Protection for Your House

There are a few types of protection that are included in a home policy, and one of those is for the dwelling. There are many accidents and other incidents that can cause major damage to a house- or even destroy it. When this happens, the repair costs can be extreme. Many people would not be able to come up with the money needed for these repairs. But with home insurance, you won’t have to. The insurance policy pays for the repairs or the rebuilding if necessary. This is important financial protection to have for as long as you own your home. 

Protection for Your Possessions

Next to the house itself, your biggest financial outlay has probably been to all of your possessions inside it. That makes coverage for these items important protection to have. With this coverage, if your possessions are ruined in a covered incident such as certain accidents, the policy would help you to pay to replace those items. Without this coverage, it could be hard to replace items because of the cost, but with a home policy, this is taken care of. 

Liability Protection

Another form of protection offered by home insurance is protection against your liability. If someone were to have an accident at your home that results in an injury, you are likely to be held liable for that accident. Home insurance covers you against this risk so that those medical bills will be paid. 

Home Insurance

If you need a home insurance policy, call us at Holmes Insurance Services in Youngsville, NC.

What Else Does Homeowners Insurance Cover?

Homeowners insurance is designed to protect homeowners in the event of unfortunate circumstances like fire, theft, and natural disasters. However, it’s not always clear what these policies cover or don’t cover. Read on for some answers to common questions about what homeowners insurance covers and where it falls short.

Belongings coverage: Your standard policy will cover your belongings up to the limits you choose. For many, this includes clothing, furniture, appliances, and other items that might get damaged or destroyed in a fire or theft. However, there are some types of items that are only covered with additional endorsements. For example, valuables like jewelry, antiques, and collectibles typically require an endorsement to be insured for their full value.

Personal liability protection: If someone falls at your home and is injured or your dog bites an innocent neighbor walking by, liability protection will pay for the medical expenses. It will also reimburse you if you or a family member gets sued. Liability protection doesn’t cover any property damage to the victim’s property; it only pays for your legal fees and damages inflicted on other people.

Medical payments: Medical payment coverage is included with many homeowners policies and will pay for the medical expenses of whoever is hurt on your property, regardless of fault. For example, if a visitor stumbles and breaks his leg, you’ll be reimbursed for the cost of any required treatment. This type of coverage can also extend to non-resident relatives who visit you.

Living expenses: This coverage pays for the additional living expenses you’ll incur if your home is temporarily unlivable after a covered claim. For example, if there is fire damage, this coverage will help pay to put you up in a hotel or temporary housing until your home is repaired or rebuilt.

Homeowners insurance provides a wide range of coverage to protect your house, belongings, and even you from unexpected events. Holmes Insurance Services can help you find the right coverage in Youngsville, NC. Call us today to learn more.

Who needs home insurance in Youngsville?

People that reside in the Youngsville, NC area continue to benefit if they own their home. Those that are property owners in the area are going to benefit from price appreciation and having a consistent place to live. If you are going to purchase a home in this part of the state, getting home insurance is important. People tend to need to have home insurance for a few reasons. 

Coverage is a Requirement

A reason that you may need to have a home insurance plan when in this area of North Carolina is because it is a requirement. Many people in this area of the state will need to take out a mortgage to finance the purchase of their new property. Along with this, you will need to get proper insurance to comply with your lender’s standards. This typically will include requiring you to carry home insurance until the loan has been paid off. 

Coverage Offers Important Protection

You will also need a home insurance plan here as it gives valuable protection. When you are a property owner, you will want to know that your valuable asset is covered. If your home is ever damaged by a fire or other situations that can cause serious damage, you will be comforted knowing you have the support needed to make necessary repairs to your property. 

As you are looking for a home insurance plan when you are in the Youngsville, NC area, calling Holmes Insurance Services is a good option. There are a lot of choices to make when looking for coverage here. The team with Holmes Insurance Services will give any support that you need to fully understand your options. This will ensure you are able to pick a new plan that is ideal for your situation.