You’ve recently bought a home in Utah, and are considering home insurance to protect it from harm. If you’ve taken out a loan for your home, your mortgage company will probably require you to purchase home coverage. If you paid cash for your dwelling, home insurance isn’t a requirement by law. At United Insurance Services, Inc. in Bluffdale, UT, however, we recommend you purchase this coverage to protect your valuable investment against unexpected loss. Here’s how home insurance works to protect your home.
Types of Coverage
A standard home insurance policy offers the following basic coverage:
- Dwelling – protects your home structure from damage or total loss
- Additional Structures – protects other structures on your property that aren’t attached to your home, such as a utility shed or gazebo
- Property – protects your belongings
- Liability – covers accidents that result in injuries or property damage to guests visiting your home
Your home may be your most costly investment. If it’s damaged or destroyed in a natural disaster, you could lose everything. With home insurance, you can have the financial resources to replace your goods and rebuild your home after a disaster, enabling you to carry on. If an accident occurs on your property, and you’re held liable for injuries or damages, liability coverage will cover medical and property damage costs.
Scope and Amount of Coverage
You can customize your home insurance package to get the essential coverage you need. When purchasing dwelling and property coverage, take time to determine what you would need to replace your home or goods if they were lost in a disaster. Pricey goods such as elegant jewelry or high-end electronics may need extra protection in the form of an insurance rider to fully cover their value.
To learn more about home insurance policies and costs, talk to a United Insurance Services, Inc. agent in Bluffdale, UT today.