Take the time to review your homeowners insurance in Arcadia to ensure you have comprehensive coverage.
It’s no secret that the recent California fires devastated homes, offices, businesses, and land. Now, many people are left without shelter and without a home to return to. Not only is this devastating for the families, but it means many are turning to their homeowners insurance, only to find that they have insufficient coverage to restore their home and possessions. For many people, their home is their greatest asset, so it is crucial to avoid being underinsured. Is your homeowners insurance in Arcadia sufficient?
Do I have enough insurance to rebuild my home?
Your policy is there for a reason – to protect your home. If it doesn’t cover your entire home being rebuilt, it is not adequately covering you. Many people purchase the bare minimum to satisfy their mortgage lender. Others confuse the real estate value of their home with what it would cost to rebuild it. Quite simply, you should have enough protection to rebuild your home in the event that it is completely destroyed.
Do I have enough insurance to replace all of my possessions?
Most homeowners insurance policies provide coverage for all of your personal possessions for around 50 to 70 percent of the amount of insurance you have on the structure of your home. Ensure that you have conducted a home inventory, which details everything you own and the estimated cost to replace these items if they are destroyed in a disaster or stolen.
Do I have enough coverage for additional living expenses?
When your home is being rebuilt, you may need to find a temporary place to stay. Of course, hotel room fees, restaurant costs, and the added travel expenses all add up. Your homeowners insurance can cover additional living expenses so that you don’t have to foot the bill all on your own.
Are you ready to secure the right homeowners insurance for your needs? Contact the team at Grand Oak Insurance Agency, serving Arcadia and neighboring cities in California today.
With the recent fires in California, now is the time to ensure that your homeowners insurance in Arcadia, CA protects your home from disaster.