Going through a fire, home invasion or windstorm can be very traumatic. The last thing you need to worry about if something happens is what your homeowners and renters insurance covers in Fort Payne, AL. Find out now so that you can be prepared.
All policies vary, but most include fire, windstorm, and theft. In addition to basic coverage, your insurance should also contain coverage for property damage, personal liability, living expenses and medical payments. Home insurance policies are geared toward single-family homes but there are versions modified for renters and condo insurance.
Property damage covers your home and personal property. For properties with outbuilding such as tool sheds or detached garages, the contents there are also covered. Check with your Attain Insurance representative to find out more about your existing policy and to understand your options.
Personal property refers to items you own lost in the covered event. The belongings of family members living with you are also covered.
Replacement Cost or Actual Cash Value?
Replacement cost is the amount of money to replace lost items before depreciation. Actual cash value is the amount of money to replace lost items after depreciation. Most standard home insurance policies are written on an actual cash value basis.
Additional Living Expenses
Most home insurance policies in Ft Payne, AL cover additional living expenses if you are denied access to your home by the government or other authorities. This might include limited motel and restaurant costs. It also covers storage.
If a guest in your home is harmed by the condition of the property, they can sue you for negligence. Personal liability covers you against a lawsuit for bodily injury or property damage.
This covers medical costs for anyone harmed by the condition of the property, by someone living there or by a pet. Medical payments on a home insurance policy don’t apply to injuries sustained by people living in the home. Contact Attain Insurance to see if your coverage is sufficient.