what does homeowner’s insurance cover | Dryer Vent Cleaning Services in Baton Rouge, Hammond, & Lafayette, LA

As a homeowner it’s important to do everything that we can to protect ourselves and our home. One thing that we do for protection is have homeowner’s insurance. But what if the worst happens and you find out that your insurance won’t pay? What then? In order to help you avoid that situation we found this article with the most common gaps in homeowner’s insurance. We hope it helps!

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From the article:

Make sure your policy provides enough coverage to protect your home and belongings.

You may already know that homeowners insurance doesn???t cover flood damage or sewage backup (see Insurance Coverage for Summer Storm Damage). But what about things your policy covers, but might not cover sufficiently?

Replacing your home. In the event of a disaster that leads to a total loss, your policy pays up to the dwelling limit. If that???s less than the cost to rebuild your home, you have to make up the difference. Your insurer estimates the cost to rebuild, but to make sure its estimate is accurate, use an online calculator, available at sites such as www.hmfacts.com ($7) and www.accucoverage.com ($8). To get full replacement coverage for partial losses, most insurers require you to have a policy with a dwelling limit of 80% or more of the insurer-estimated cost to rebuild, notes Bill Wilson, associate vice-president of the Independent Insurance Agents & Brokers of America.

Your policy should include an inflation guard clause keyed to regional costs that adjusts your coverage every year. Also, make sure your policy has extended replacement cost — ideally, for 20% to 25% above the dwelling limit; you can add it as an endorsement for about $50. If you have to rebuild your home to bring it up to current code, you???ll need ordinance and law coverage. You should be able to bump up your coverage to 25% of the dwelling limit for about $50 a year.

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Read the entire article here: http://www.kiplinger.com/printstory.php?pid=12814

After purchasing a home and getting homeowners insurance it can be difficult to know what exactly the insurance covers and what it doesn’t. In order to help you out we found this article with 11 things you didn’t know about homeowner’s insurance. We hope it helps answer your questions!

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If you need Baton Rouge dryer vent cleaning services, then Dryer Vents Plus is your #1 choice! Call Jeremy Leake today at 225-612-7752 to schedule your 100% Free, No Obligation Quote!
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From the article:

Think you know everything about your home insurance policy? Is that because you understand the difference between dwelling coverage and personal liability protection? Because you know that floods aren???t covered by standard home insurance?

Think again. You might know more than most, but you probably don???t know everything about your policy ??? unless you???ve read the fine print and committed it to memory. And who???s got time for that? However you don???t want to find yourself stuck without coverage you thought you had. Here are some lesser known coverage nuances you likely weren???t aware of.

It???s electric
When it comes to problems caused by electricity ??? or lack of it ??? coverage varies according to the situation. Two potential issues:

Lightning. Your house is covered if it???s struck by lightning, even if the item struck is your air conditioning unit. You will, however, still have to pay your deductible. (This is true for nearly all the situations in which you???re covered.)

Losses caused by power failure. If lightning strikes a transformer in your neighborhood and knocks out power for several hours, you???re not covered for items ruined in your refrigerator or standalone freezer. However you could purchase extra coverage for this.

The friendly skies
When it comes to aircraft, your coverage protection can be up in air. Check out these scenarios:

An airplane crashes into your house. If you???re at home when this happens, you???ve probably got other concerns. But yes, you are covered for damage to your home should an airplane crash into it.

Damage to an aircraft kept on your property. If that plane is yours, is on the ground and gets damaged through vandalism, fire, a tree falling on it or any other reason, a standard homeowners policy typically won???t help with the repairs.

A satellite crashes into your house. Every few weeks, you hear about long-dead satellites or other pieces of space debris falling victim to gravity and crashing to the ground. And if one hits your house? Yes, you typically are covered. And manmade objects aren???t the only items covered. Standard home insurance also usually covers harm to your home done by meteors.

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Read the entire article here: http://www.zillow.com/blog/11-facts-about-homeowners-policy-153338/

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