What questions should you ask about your home insurance policy?

For homeowners in the Burlington, NC area, choosing a home insurance policy is one of the most important decisions they’ll ever make.  Fortunately, the agents at Don Allred Insurance know how crucial these policies are to your family’s safety and security.  That’s why they encourage their customers to ask as many questions as possible before and after they buy a policy.  These are some of the most crucial things to find out before you choose a home policy.

1. How much coverage would I have?  While your policy limits should be fairly obvious, it’s important to know how much coverage you have for the contents, structure and other items.  In some cases, there might be separate coverage limits for detached buildings, electronics, or jewelry.
2. What are my deductibles?  It’s rare for a policy to just have one deductible.  In fact, many people pay different amounts depending on the disaster that caused the damage.  For example, hurricane deductibles are often higher than deductibles for damage caused by fire or theft.
3. What types of damage is not covered?  Some policies will have specific exclusions for hurricanes, floods, sinkholes, or other events.  If you’re not comfortable with this, ask your agent about riders that can be added to the policy to cover these specific events.
4. What items are not covered by the policy?  Small electronics, jewelry, and other possessions can be excluded from coverage.  It’s also possible to exclude coverage for structures on the property that aren’t attached to your house, such as a dock or shed.  Again, ask your agent about a rider that would cover these exclusions.

If you live in the Burlington, NC area and you need to look into a new home owner’s policy, call the agents at Don Allred Insurance.  They’ll take the time to answer your questions and find the policy that’s right for you.