Insurance Coverage Basics
Millions of Americans are living in homes with multiple generations of their family. While this may not be an uncommon situation, it may create a special situation for your home insurance policy. Knowing how to protect your home and family with the right home insurance coverage can help to ensure that you are covered from any situation that you may face.
- Personal property coverage – with more people living in one house, it means that there will be more belongings to cover. You should consider increasing the personal property portion of your homeowners insurance policy, and updating your home inventory to make sure that you have the coverage that you deserve.
- Dwelling coverage – if you have added on any additions to your house to better accommodate your family, you will need to increase the dwelling coverage of your homeowners insurance policy. The more square footage your home has, the more protection you will need to make sure that you will be able to rebuild your home if it is a complete loss.
- Flood insurance – while your homeowners insurance policy will provide coverage for many perils, it will not provide any coverage for rising waters. With the recent floods all over the state, it has never been more important to make sure that you are covered with the right flood insurance policy.
- Umbrella insurance – even if you increase all of your insurance policies, it still may not provide enough coverage. With new lawsuits filed every day, your chances of being sued for any issue continues to rise. A personal umbrella insurance policy will provide the extra liability insurance coverage that you need to protect your family and finances from any accident.
For all of your insurance coverage needs, contact Dean Davis Insurance in Austin, Texas. As an independent insurance agency, we will work with you to make sure that all of your insurance policies are working their best for your needs.More