When you get homeowner’s insurance in South Austin, TX, it’s important to pay attention to the available levels of coverage so you don’t end up with too much or too little insurance. This is especially true when you get quotes. Some companies will give low-ball quotes in order to get you in the door, but when you take a closer look, you’ll often find that these low figures go with equally-small amounts of coverage. On the other hand, a quote that seems way too high often includes levels of coverage that you’re unlikely to really need. Here are a couple of the things you should be sure to examine fully when you seek coverage from Patrick Court’s State Farm office or another insurer:
Amount of Coverage for Structural Damage
This is the insurance that will pay for repairs or replacement of the house itself. It kicks in when your house suffers damage from fires, certain types of storm damage, break-ins, and vandalism. To determine how much coverage you need for this section of a policy, you need to consider what it would cost to physically replace your entire house from the ground up. Add a bit more to this estimate in order to give yourself a safety cushion and to take inflation into account.
Amount of Coverage for Other Property
The belongings kept inside of a house are often as important as the house itself, so a typical homeowner’s insurance policy provides coverage for their loss. Be sure to get replacement-value coverage rather than actual-value coverage. This will ensure that if something like an old stove gets destroyed, you’ll be able to replace it with a new one. If your coverage is only for the actual value, you might just get a check for $20 for that 20-year-old stove. One of the most important things, though, is to properly document all of your belongings so that you know the total coverage you need. Most people underestimate the amount of clothes, jewelry, game consoles, and random items that they have actually accumulated through the years and are then surprised when the insurance money runs out long before everything is replaced. Cataloging everything will let you make sure that you have enough homeowner’s insurance in South Austin, TX to cover it all.