Knowing what coverages your home insurance policy offers makes all the difference in securing your home. Emergencies such as house fires can happen fast, so having the right policy secures your property when disaster strikes.
Standard homeowners insurance offers coverage for fire damage. This coverage typically extends from the interior of the property all the way to detached structures such as barns, fences and sheds.
If you’re misplaced from your home as repairs are made, standard policies also pay for temporary housing and food.
It’s crucial to note when choosing a policy, some plans do not offer replacement costs for items. Instead, they may offer fair value price. Replacement cost is how much the item is originally worth, whereas value cost is the amount it would currently sell for in the market.
Many damages caused by natural disasters are also covered under standard homeowners insurance. These perils include, but are not limited to:
It’s reported by the National Fire Protection Association over 300,000 house fires happen yearly.
Dwelling coverage protects your home structure if fire damages occur. Personal property coverage financially compensates for personal belongings damaged by fire.
Having the right coverage and understanding compensation options is important to make an informed decision when choosing the best plan to protect your household.
Being a real estate agent in MetroWest Boston is more to me than just a profession or title– it is my legacy and life’s passion. Being raised in a real estate family, the industry is in my blood, and being a real estate professional has come naturally to me for the 39 years I’ve been in the business.
While I have been made privy to real estate as far back as I can remember and am now a continually recognized top producer at Coldwell Banker Realty, I strive every day to not only meet all of my individual client's expectations but exceed them.
