Covering your property with homeowners insurance is an incredibly smart move. Insurance can really come in handy if you ever deal with a sudden, unexpected loss such as a burglary or in case someone is injured on your property. Getting your first homeowners insurance policy is exciting but it can also be a bit nerve-wracking. What should you include, and what is protected by the plan? Before you purchase your insurance coverage, here are a couple of things you need to know.
Termite Protection May Not Be Included
There is always a chance that your home will be invaded by bugs. The spring season is notorious for ushering in insects, and it's estimated that approximately 38 percent of the US adult population worry about finding termites in their houses. With so many people being concerned about termites it can come as quite a surprise to realize that many homeowners policies do not include protection for bug infestation. It's vital for you to find out if the one you plan to purchase does offer termite coverage and, if not, determine how you'll get a standalone policy!
Termites do untold damage to a home. The critters can eat through the beams behind walls and chew through floorboards. If you don't know what to look for, you may not even be aware of the existence of termites until it is too late. At this point, there isn't much you can do except fork over the cash if you don't have insurance protection.
Ask your insurance representative if your policy will include coverage for termite/insect damage. If the answer is no, check with a local pest control company to see if they can provide you with a plan to couple with your homeowners insurance policy for extra protection.
Loss Of Use Coverage Is Important
You should also get as much loss of use coverage as you can possibly afford. This portion of the policy provides you with funds that can be used in case you aren't able to stay in your abode for some reason. For example, if a fire breaks out and you need to reside in a hotel for a stint, you won't have to worry about figuring out where to get the money for your room.
Knowing what to include in your policy and what to ask is the key to getting the right protection. When you are getting your home insurance, remember these tips so you can make the best choices.