When you buy your first home and have a mortgage, you will need to get home insurance for the first time. Home insurance is not one size fits all. Our team of expert insurance agents at DGIA LLC in Round Rock, TX understand that your policy needs to fit you, your home, and your financial situation.
Many coverage options have a deductible
If you file a claim with your home insurance carrier, the deductible will be taken out of the amount the insurance company pays you for your claim. It is on every individual claim, it is not a yearly deductible.
You choose your deductible
The amount of deductible you have on your policy is your option. It is usually somewhere between $500 and $2500 but can go as high as $5000.
You have choices when it comes to content coverage
Two options are available for content coverage. You can opt to have replacement cost or actual value. With the former, you will get enough to actually replace the items you have lost at today’s cost, and the actual value is what your items are worth today with depreciation.
Match your liability coverage to your assets
You can choose the amount of liability coverage that is right for you. If you have a lot of assets, you need more than if your home is all that you own.
Not everything is covered
All home insurance policies have exclusions. This includes floods, earthquakes, sinkholes, landslides, dangerous dogs, sewer backup, and owner neglect. Owner neglect includes mold, termites, rodent infestation, and wear and tear.
Some items have limits
If you have expensive jewelry or electronics, you probably need to get a rider to add to the limit on your policy.
Give Us A Call
Contact DGIA LLC in Round Rock, TX to discuss the best home insurance options for your new home.
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