How to Take Advantage of Unusual Home Insurance Coverage
Home insurance is an important part of owning a home. It protects you from losses due to fire, theft, and other disasters. It also provides coverage for your possessions, such as furniture and electronics. While most home insurance policies provide basic coverage, there are some unusual coverage options that you may need to be made aware of. This blog will discuss how to take advantage of these unusual home insurance coverage options.
1. Home Business Expenses
If you work from home, your home insurance may protect any costs related to your job that could occur in case of an insured accident. This could include lost wages, computer equipment, and furniture for your space.
2. Landlord Liability
As a landlord, your home insurance policy can offer some protection from legal claims that may arise from your tenants. This includes potential damages such as property damage and personal injury that your tenants may cause. This can help to protect you financially should any of these claims arise.
3. Sewer Backups
If there is a blockage or any other issue in your house’s sewer line, your home insurance may pay the expenses related to it.
4. Identity Theft
Your home insurance policy may provide financial assistance if you are the victim of identity theft and incur a financial loss.
5. Food Spoilage
If your refrigerator or freezer malfunctions and causes your food to spoil, your home insurance can help reimburse you for replacing the spoiled food.
6. Credit Card Forgery
Your home insurance can help protect you financially if someone uses your credit card to make illegal or unauthorized purchases. It can provide you with coverage for the associated costs that you might incur as a result of the fraud.
7. Theft of Money
Home insurance can protect you financially if cash or other valuables are stolen from your residence.
If someone takes legal action against you due to a situation that is covered by your home insurance policy, your insurance may pay for the legal fees and costs associated with the case.
9. Identity Fraud Expenses
If you are unfortunate enough to suffer from identity theft, your home insurance can help cover the related costs, like credit monitoring and legal fees.
10. Lost Pet Reimbursement
If your pet goes missing or is taken away from you, your home insurance can cover the costs associated with trying to find it, such as money for advertising or a reward for its return.
Consult a Broker for a Home Insurance Policy
When you consult a broker for a home insurance policy, you’ll receive a comprehensive review of your policy. The broker will take the time to understand your needs and provide you with an analysis of your current coverage and any gaps in it. They will also explain the different types of coverage available, such as liability coverage, personal property coverage, and additional living expenses coverage.
The Bottom Line
Unusual home insurance coverage can help protect homeowners and their families from unexpected events and disasters. Different coverage types, deductibles, and limits are available, and it is important to understand them in order to select the right coverage. With the right coverage, homeowners can enjoy peace of mind knowing their home and its contents are protected.
Reliant Insurance provides customers with a variety of insurance options to choose from. We strive to ensure that our customers get the coverage they need at a price they can afford. We specialize in auto, home, commercial, recreational, and life and health insurance. For home insurance in Sherwood Park, turn to Reliant Insurance.
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