If you own a house, you know the value of protecting it from costly damage. Home insurance offers financial peace of mind against the unexpected. Randolph County Farm Bureau in Randleman and Asheboro, NC, specializes in providing customized and affordable coverage designed to be there if it's ever needed. Here, the agency shares which policies are worth the investment.
Home Insurance Policy Types
1. Property Coverage
This type is considered the standard for most home insurance policies. Traditional ones provide protection for the entire residence, including the garage and other structures on the property. Should the home or its structures sustain damage from storms, hail, fire, theft, and other perils, policyholders can submit a claim for the repair or replacement costs.
2. Personal Property Coverage
From furniture and appliances to artwork and computers, personal property insurance covers items inside the home. For instance, if a water heater leak causes damage to nearby possessions, the policy will pay for the repair expenses. If the item cannot be fixed, most carriers will cover the replacement cost. Depending on the policy, homeowners may have to seek additional coverage for high-ticket items such as antiques and jewelry.
3. Bodily Injury Liability
Should a guest sustain an injury on your property, bodily injury liability coverage will pay for their medical expenses. In some cases, the plan may also pick up the tab for wages lost while the injured person is recovering. This type of home insurance has different coverage limits and may also include an addendum to address legal claims filed by the injured person.
4. Flood Insurance
If you live in an area that is prone to flooding, this is certainly worth having. In fact, if you're financing your home, the lender may require the coverage, especially if the property is located in a designated flood zone. While the policy is considered a form of home insurance, it is actually a separate one that has its own deductible and premium.
After saving for and moving into your dream house, protect your investment with the right types of home insurance. The team of experienced and friendly agents at Randolph County Farm Bureau is here to help you secure budget-friendly and reliable coverage. To learn more, call (336) 799-4008 for Randleman or (336) 629-9187 for Asheboro. Visit the website for more information.