Have you bought homeowner insurance but feel unsatisfied with your coverage? Perhaps it’s time you purchased additional homeowner insurance coverages to meet all your needs. Do you know it is possible to buy extra customizable plans?
Many insurance companies offer additional homeowner insurance coverages depending on what you want. Companies like Travelers, for example, have their tailored packages different from the general types. Hence, below are some examples.
Additional Homeowner Insurance Coverages
Content Replacement Costs
Personal property replacement cost coverage helps recompense losses. Also, it calculates premiums based on its replacement cost at the time of loss and factors in no depreciation. Some products, including gems and watches, have special limits, and coverage is subject to policy limits and deductibles.
Special Personal Property Coverage
This supplementary coverage for personal property might provide additional protection for your belongings in the case of a covered loss. Interestingly, a personal property policy may provide more protection than a homeowners policy.
Additional Replacement Cost Protection Coverage
Supplemental replacement cost coverage helps provide additional coverage to help repair or rebuild your home. It comes in if your dwelling coverage is insufficient to cover the cost of repair or rebuilding after a loss.
Personal Article Floater
A personal articles floater is a separate valuable goods policy. Therefore, if you need more coverage or higher limits for certain valuables, you can buy them.
Water Issues Coverage
Is homeowners insurance going to cover water damage? In some cases, it doesn’t. However, if water backs up from a sewer inside your home, this helps cover losses to a certain monetary amount.
It can also help if water discharges or overflows from your sump pump. However, flood or surface water backup coverage is not a part of this.
Jewelry and Valuable Items Coverage
You can get higher limits and more coverage for specific jewelry and silverware.
