Homeowner insurance policies vary in their coverage, and that’s why you should ensure the protection provided fits your needs. When it’s time to renew your homeowner’s insurance policy, and you’re shopping among good insurance companies in Grapevine, contact Box Insurance Agency for a free quote. If you’re not familiar with your homeowner’s policy, consider the following:
The Correct Limit
The amount of coverage you need is determined by the amount required to rebuild in the event of a complete loss. Choosing a lower limit to save money can be a mistake. It’s wise to talk to your agent each year when the time for the policy renewal come around. While specific policies automatically increase with inflation, others won’t. Furthermore, a home improvement project may increase the home’s value, and should be reported to the insurer. When shopping for good insurance companies in Grapevine, contact our insurance agents today.
Replacement cost may result in a slight increase in the premium, but is worth it. It ensures the money to rebuild without the worry of inflation, policy limits, or other issues that may affect cost. If you’re shopping for good insurance companies in Grapevine, contact our insurance agents today.
It’s essential to carry liability coverage with a homeowner’s policy. Lawsuits are a growing problem for property owners. An accident on your property can result in the loss of assets, including your home. Even the recommended minimal liability coverage of $300,000 may be insufficient. Severe injuries can result in medical bills of $750,000 or greater with ongoing physical therapy, surgery and other care. Consider a Personal Liability policy, which adds an extra $1 to $5 million of coverage to the amount a homeowner’s policy provides, and those provided by the auto insurance. It’s a wise choice, and the cost typically reasonable.
A Box agent can provide assistance in determining the recommended liability coverage for your individual needs. When shopping for good insurance companies in Grapevine, call Box Insurance Agency.
Loss of Use
Loss of use coverage provides reimbursement for the cost of accommodations, or may provide living quarters during repair or construction.
Endorsements allow customization of coverage. Risk factors vary, and that’s why endorsements may be available for additional options, such as earthquake insurance, flood insurance, identity recovery coverage, and sewer & drain backup coverage. Talking to an agent provides the best means of identifying the coverage you need.
Furthermore, save receipts for major purchases, and a copy in a safe location, such as with a relative. That way if you have a claim, a record is still available. Maintain a list and photos of belongings for personal property coverage. Personal property isn’t automatically paid for the amount insured, and maintaining a record of everything will assist in processing the claim faster and ensures coverage.
When shopping for good insurance companies in Grapevine, contact Box Insurance Agency for a free quote on Homeowner Insurance, or other products. We offer a broad range of insurance. We serve Fort Worth, Dallas, Grapevine, and the surrounding areas.