Your home is your number one asset, and in many ways, your best friend. It comforts and protects you so well that you may forget that it can actually suffer grave damage from an unexpected disaster. You need to ensure that you are properly covered if the unexpected should take place.
Covering Your Court Costs
Depending on the laws of your state, liability can move in many different directions when a disaster occurs. It is always good to check the fine print of your insurance policy as well as state law, because if there is a disaster that causes your home substantial damage, the courts will probably become involved. Liability insurance is your protection against the larger out-of-pocket court costs. Liability insurance also covers the homeowner if there are guests in the home that are injured at the time of the incident. As an added bonus, the proper liability insurance will also cover any damage that is incurred from your pets.
Conducting a Home Inventory
Taking stock of the valuable items in your home is one of the best ways to ensure that you keep the appropriate insurance on your possessions. In most cases, homeowners insurance policies will cover a range of 50-70% of the value of the policy that you have on your home. Without a proper inventory, you may misrepresent the value of the items in your home and underinsure yourself.
Give yourself the benefit of a professional opinion on the type of insurance you trust. The two major types are the cash value policy and the replacement cost policy.
Parker Young specializes in Atlanta disaster repair services. If you face the unthinkable, remember that you have a company that understands the process of what you are going through. Give us a call immediately so that we can help to give you your life back as soon as possible.
