What would happen if a disaster struck your home? Are you properly covered for damages and total loss? Would you be forced to pay for the repairs out of pocket because your insurance doesn’t provide adequate coverage?

Homeowners insurance is crucial for any homeowner that wants to protect their family and home.

Home insurance covers the hazards that most homeowners face—everything from fire to theft or even accidents on your property. When a loss occurs, you will file a claim with your insurance carrier. You will be paid for the expenses to replace or rebuild, minus any outstanding deductible amounts.

Homeowners insurance also includes coverage for personal liability exposures, to protect you from many situations that could lead to lawsuits from others. If someone slips and falls in your home or is injured somewhere on your property, you can be held responsible. Personal liability coverage is there to financially protect you.

Other things homeowners insurance could cover:

• Storm damage, fire, windstorm, lightning and hail, to name a few.
• Dog bite liability (standard liability may not be enough if your dog bites someone or causes them to become injured.
• Trampoline or swimming pool liability insurance
• Wind damage
• Sinkholes
• Sewer or septic backups
• Replacement cost for personal property

When you work with an independent insurance agency like The J. Morey Company, you access to multiple carriers and can explore different options for insurance.

There are many things about insuring a home that most consumers aren’t aware of. We are here to make sure you are informed about what is and isn’t covered in a typical homeowners policy.

• Most policies will not cover sewer back-up unless you purchase a special endorsement. It is not expensive, but you will need to ask for it.
• Damages caused by surface water or water that flows below the surface of the ground aren’t usually covered.
• A standard homeowners policy typically does not include Flood Insurance.
• A standard homeowner policy only covers jewelry up to set limits if the loss results from one of the perils named on the policy.
• Many policies default to actual cash value. For example, if you purchased a widescreen TV and home theater system for $1,000, it may now only be worth $450 due to depreciation. As a result, you’ll receive the adjusted value from the claim. On the other hand, replacement cost coverage pays out the total replacement value of your possessions, not their market value.

• Multi-policy discounts: You can combine your Home and Auto policies for even more savings.
• Burglar and fire alarm discounts.
• Indoor fire suppression sprinkler system discounts.

*Please note that these discounts may be subject to certain eligibility requirements and depend on the insurance carrier.