Is Your Home Covered From Disaster?

Ensure you have the correct home insurance in Apple Valley, MN.

For many people, their home is their greatest asset, so it is crucial to avoid being underinsured. To protect their investment and belongings, homeowners should update their insurance regularly to include improvements, major purchases, and increased building costs.

After a disaster, don’t let your home become destitute if you are unable to afford repair and rebuilding costs. Ask yourself these questions:

Do I have enough insurance to rebuild my home?
At current construction costs, your policy needs to cover the cost of rebuilding your home. As most homeowners purchase just enough insurance to satisfy their mortgage lender, many homes are left underinsured and homeowners, vulnerable. Remember: flood damage is rarely protected in home insurance; a separated policy must be purchased.

Do I have enough insurance to replace all of my belongings?
The best way to determine if your policy has enough coverage is to conduct a home inventory. Make a list of your possessions, along with photographic documentation and the estimated value. Coverage will either provide the cash value (replacing your belongings minus depreciation), or replacement cost (reimbursement for the current cost of belonging).

Do I have enough coverage for additional living expenses?
In the event of a disaster, your home can be devastated to the point where you cannot live in it until it is repaired. Many home insurance policies can cover hotel bills, restaurant meals, transportation and other living expenses that accumulate while your home is being repaired.

Contact Mayer Insurance in Apple Valley, Minnesota for all of your home insurance coverage that will protect you, your home, and belongings!