Kansas homeowners should evaluate their options when buying insurance. While standard policies could provide adequate protection, there are a few drawbacks associated with minimal coverage choices. When asking for a home insurance quote in Wichita KS, the insurance agent could address concerns that the owner has.
True Home Replacement Value
The true replacement value isn’t achievable through a standard policy. The minimal coverage value applies to the market value at the time that damage occurs. It doesn’t reflect the actual cost of rebuilding a property that was destroyed. Homeowners who increase their coverage to reflect the true replacement value receive the total value required by a contractor when damage occurs.
Replacement for Personal Belongings
Most homeowner’s insurance policies provide a predetermined value for personal property. This value doesn’t equate to the actual value needed to replace all items. While the homeowner could use riders to protect high-value items, these riders aren’t available for all items.
When requesting a home insurance quote in Wichita KS, the homeowner should inquire about true replacement value for these items. True replacement options could allow the homeowner to receive a brand new item that matches the item they lost. If the same model isn’t available, they could receive an upgrade. True replacement reduces potential financial losses for the property owner.
Protection Against Common Liabilities
Liabilities associated with owning a home apply to potential accidents. These accidents are related to visitors or service providers who sustain an injury on or inside the property. The homeowner must maintain a safe property to reduce these liabilities. By inviting anyone into their property, they owe the right to enter without sustaining an injury.
Coverage for Pet Owners
Liabilities also apply to pets. Liability coverage applies to domestic animals owned by the homeowner. Through these policies, they acquire coverage for visitors who are bitten by their pet.
Kansas homeowners identify opportunities to protect their property through insurance. These opportunities apply to extended coverage for the property itself as well as items inside it. This includes the true replacement of personal belongings. Owners who need a home insurance quote in Wichita KS should contact Andy Woodward Insurance Agency for more information.
