Some important aspects of home insurance
Home insurance not only covers your buildings and structures but also your content such as furniture and fittings. The question is not whether you need homeowners insurance but rather whether you have the right policy for your situation. If you own property in Algoma, Door County, Egg Harbor, Fish Creek, Sister Bay or Sturgeon Bay, WI then Stoneman Schopf can help you with the right homeowner’s policy.
In addition to physical stuff such as your buildings, home insurance should also cover your liabilities as a property owner. Accidents happen and if someone is injured or suffers property loss as a result of an accident or incident on your property then you could face a liability claim.
When it comes to insurance, be it home insurance or any other type of insurance, you should always know what is covered and what is not covered. You should also be aware of the limits of your coverage. For example most homeowner’s policies do not cover events such as floods or super storms. You will need a separate policy for such risks and events. Insurance policies have limits and you should be sure your policy covers the replacement cost of whatever is insured.
If you need higher limits you could also consider some type of umbrella insurance that could provide additional coverage over and above limits of liability and related insurance. Home insurance will cover certain valuables but not all. Certain high value items such as antiques, artwork and collections will need to specified and insured separately.
Another important aspect of your property insurance is the cost. When you deal with an independent agent such as Stoneman Schopf you are likely to get the best deal since they have access to multiple carriers and can negotiate best value coverage for you.