Owning a home is a big responsibility, which is why having homeowners insurance is a must. A home policy protects against numerous issues that may happen to your property, provided you have the right coverage in place. As a trusted resource to homeowners in Alexandra, KY, and across the region, Northern Kentucky Home Insurance Company offers the following guide so you can rest assured your home is protected from top to bottom.

What Homeowners Insurance Covers

Along with damage to the structure itself, a home policy also offers a number of other protections. Your belongings can be included in insurance coverage, such as furniture, electronics, and jewelry — bear in mind that high-value items may need an additional policy. There are also legal protections in the form of liability coverage. If someone is injured at your home or you’re responsible for damage to another person’s property, a liability policy provides funding for legal costs, such as damages awarded and lawyer fees.

What’s Not Covered

Certain events will not be covered by a standard homeowners policy. This typically includes events like floods and earthquakes, which require the purchase of supplemental policies. 

Actual Cash Value vs. Replacement Cost

Ask yourself how much it would cost to completely rebuild your home in the event of a catastrophe. Chances are this cost would be much higher than its actual cash value, which is important to consider when choosing a policy. Opting for a replacement cost policy ensures you’ll have enough funding to rebuild your home if necessary; otherwise you may be personally responsible for some to the expense.

With the right information, you can select a homeowners insurance policy that suits your exact needs. If you’re seeking property protection in the NKY area, Northern Kentucky Home Insurance Company offers insurance products to protect what matters most in life. They also believe in providing affordable coverage to clients, which has established them as a trusted source of insurance in the area since 1901. Learn more about how you can receive a personalized insurance quote by calling (859) 635-2500. You can also learn more about home insurance policies by visiting the website, as well as connect with the team on Facebook.