What to Know When Selecting Your Homeowners Coverage  

Choosing the right homeowners insurance is a crucial step in insuring your property and reducing the financial impact of unexpected damage, liabilities and other risks.

At AR Insurance Solutions, we believe that understanding homeowners insurance doesn’t have to be overwhelming. Our team is here to help you make informed decisions that fit your needs and budget.

What to Look for in a Homeowners Policy

When you’re in the market for a homeowners insurance policy, it’s important to know what a policy typically includes. A policy can offer:

• Dwelling coverage can cover your home’s physical structure in case of damage caused by fire, certain natural disasters, theft or vandalism.
• Personal property coverage can help pay for the repair or replacement of appliances, clothes, electronics or furniture.
• Personal liability coverage can cover relevant expenses if you are held liable for third-party property damage or bodily injuries.
• Additional living expenses coverage can help pay for food and hotel accommodation if a covered loss renders your home uninhabitable.

Your broker may also recommend that you separate policies for risks not typically included, such as earthquake or flood insurance.

Tips for Selecting the Right Coverage

Here are some tips that can help you choose the optimal coverage for your needs and property:

• Assess your home’s value. Make sure your dwelling coverage reflects the cost to rebuild your home, not just the market value.
• Take inventory. Document your personal belongings to ensure you have enough personal property coverage.
• Review your deductibles. Higher deductibles can lower your premium but you may have to shoulder out-of-pocket costs if you need to file a claim.
• Understand your policy’s exclusions. Be aware of any risks that you policy does not cover, so you can fill any gaps with additional policies or endorsements.

How Our Team Can Help

At AR Insurance Solutions, we work closely with homeowners in California to assess their needs and explain all available coverage options. We’re here to answer your questions and provide if you need to file a claim or if your circumstances change.

Contact AR Insurance Solutions today to review your options and request a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.