After purchasing a property, protecting your space and personal belongings is important. Having the right coverage in the case of emergencies can offer financial peace of mind. This article provides a brief guide for choosing homeowners insurance to protect your space.
How much basic coverage do I need?
Calculating the total cost of your home and assets helps in choosing the appropriate amount of coverage. The coverage limits should be enough to rebuild your home and replace personal items if needed.
Insurance companies use a calculator to figure out the total worth of your home. From there, most offer around 50% of that amount to cover personal belongings.
What types of homeowners insurance do you need?
There are many types of homeowners insurance. Some offer personal property coverage and liability coverage. Others are very limited and only offer enough coverage for the structure of a property.
An HO-3 is the most common type of homeowners insurance. It offers liability insurance, dwellings coverage, funding for personal property and more.
Do I need additional living expenses coverage?
Having additional living expenses coverage secures your well-being if you’re displaced from your home as it’s getting repaired. For example, if a fire damages your home, repairs may take a while. Additional living expenses coverage would pay for you to stay in a rental.
The right insurance company will offer policies covering all of your property. Speaking with a local lender can help you explore different coverage options.
About the Author
Tina Broyles, DRE 01009212 & NMLS 91630
HELLO.... Im a California Bay Area Resident serving the Real Estate community since 1987!
I serve people with professionalism, knowledge and care and my business has grown to almost 100% referred as a result.
Happily married with two grown children and two beautiful granddaughters, Audrina & Chesney!
I love to golf, exercise, Bible study & serve the Homeless community weekly in Milpitas.
I support our businesses and our community!
I'm well known and respected by my peers. Voted Best of Milpitas every year since 2000-2020 until we relocated after COVID from Milpitas to San Jose in 2020.
One of the compliments we consistently hear is how responsive we are to our client’s needs. That is so important to us!
I'd be honored to get to know you and your family and put my real estate experience to work for you!
ABOUT MY BUSINESS:
My Team represents a diverse array of skills and provides the perfect balance of experience and professionalism working in the Bay area. Our technology capability is beyond expectation!
