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Homeowners Insurance
Your home is the foundation for your family, pets (who, let’s face it, are family), and dreams to thrive. Isn’t that worth protecting? Homeowners’ insurance policies provide inclusive coverage for losses to your home, your personal belongings, and for any detached structures on your property. It also provides protection in the event of an injury to people on your property, which makes it a combination of two different types of protection:
- Hazard insurance – covers damage to your property
- Liability insurance – covers injuries and damage you cause to other people on your property.
If a natural disaster were to hit the area and impact your home, that would surely cause mental anguish for you and your family. BMC Insurance can help alleviate some of that stress with superior and comprehensive coverage plans. Our experienced and resourceful team members are consistently up to date on the changes within the insurance industry and can communicate them effectively to you. We guide you through the claims process so that you’re not navigating a choose-your-own-adventure plan with something as precious as your home.
Homeowners Insurance Basics
While each situation is unique, here the essentials that every homeowner should consider when choosing coverage.
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Home Coverage
Your policy should cover the cost of the replacement of your property, minus any deductible (the amount you would be responsible for before the policy covers your loss). Replacement cost is what it would cost today to rebuild your house in the event of loss, based on current building codes.
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Personal Property
Your policy has a separate amount to cover your personal belongings, minus a deductible. We always recommend that you create a home inventory of your personal items. This will make it much easier to document your loss during the claims process.
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Personal Liability
If you become legally responsible for an injury to a guest on your property, or for damage you cause to another person’s property, personal liability coverage will give you that much needed protection.
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Other Structures
Basic coverage is included for any detached structures on your property such as a garage, shed, or fence. There are limitations on the amount of coverage available for these types of structures, depending on the amount of coverage for the home itself.
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Loss of Use of Home
If your home were to become so damaged or destroyed that it is uninhabitable, your policy can provide very valuable benefits to cover additional housing and living expenses.