One of the most costly mistakes you can make is not purchasing sufficient home insurance. Home insurance protects your dwelling and personal property. It also protects you against liability claims if someone has an accident on your property. Whether you purchased a new home or are reevaluating your current home insurance needs, these steps from LeapFrog Insurance in San Antonio, TX can help you make wise home insurance choices.
Appraise the Value of Your Home
Appraise the value of your San Antonio home to know how much dwelling coverage to obtain. Ideally, you should have enough dwelling coverage to rebuild your home if it’s totally destroyed in a disaster. This includes structures attached to your home such as a deck, porch or garage and renovations you may have made to your property.
Make a Home Inventory of Personal Property
Next, make a home inventory of your personal property. Your inventory should include photos, videos, and receipts, if possible, of high-end goods you own. If you have heirlooms or antiques, have them appraised so you know their value. Then assess how much it would cost to replace your goods if they were totally destroyed in a disaster. This will give you a good idea of how much property coverage you should obtain to protect your belongings.
Liability coverage protects you against accidents on your property. A simple accident could wind up as a major liability claim that costs you thousands of dollars. A standard homeowner’s policy offers minimum liability coverage. By increasing this coverage substantially, you can protect yourself against serious accidents. Liability coverage also protects you against lawsuits if someone decides to sue you for damages.
Don’t compromise on your home insurance protection. For comprehensive home insurance coverage at affordable costs, call or visit your LeapFrog Insurance agent in San Antonio, TX today.