An insurance rider is a supplement added to a basic home insurance policy to expand coverage. While not everyone needs riders, they are beneficial to a large number of homeowners in search of increased protection. Here are a few common kinds so you can make the right decision. 

What Type of Insurance Riders Are Available for Home Policies?

1. Flood Insurance

While home insurance policies cover certain types of water damage (see item 2 for exceptions), flooding is rarely covered. If you live in an area where flooding is likely, having a separate rider in place is a must. Flooding is defined as any water that comes from an outside source, which could be an overflowing body of water or landslide. 

2. Water Backup Coverage

In the event a drain backs up in your home, your home policy might not be of much help. A water backup rider will cover many types of water damage, including harm to furniture and surrounding fixtures, which would otherwise be expensive to repair or replace. 

3. Business Property

Do you own a home business? If so, be aware that your existing home policy only offers limited coverage. In the event business equipment or merchandise is damaged, business property coverage will help you recoup any losses you experience. 

4. Scheduled Personal Property

While belongings are covered by home insurance, highly valuable items like jewelry may exceed coverage limits. A scheduled personal property rider ensures valuable items are covered for their full value and also protects against additional perils that may not be covered by your existing insurance. 

Since 1984, Accredited Insurance Group, Inc. has provided dependable insurance coverage to residents of Omaha, NE. Whether you just want a standard policy or have more complex needs, these agents will shop around to find the right coverage at the most reasonable prices. Call today at (402) 334-1780 to learn more or visit the website to get started on your home insurance quote.