Lake Harmony Homeowners Insurance
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Do I have the right amount of Lake Harmony home insurance coverage?
Home owners may find themselves asking this question, “What if a disaster strikes, will my Lake Harmony home insurance be able to cover everything?” To answer that, you need to know two things about your Lake Harmony home insurance: what’s covered and what’s not. It’s important that you know what are the key policy clauses and the coverage of your Lake Harmony home insurance.
Lake Harmony home insurance usually cover the following perils: fire or lightning, windstorm or hail, vandalism or malicious mischief, theft, damage from vehicles and aircraft, explosion riot or civil commotion, glass breakage, smoke, volcanic eruption, and personal liability. Take note that it doesn’t cover flooding and earthquake. If you want extra coverage for these two perils, you’d have to purchase two other kinds of insurance.
The first thing you should check is the coverage for your home’s structure. You need two values to calculate your estimate rebuilding cost: (1) square footage of your home and (2) local building rates per square foot. Multiply these two and you get your home’s rebuilding cost.
Next, you should look into what kind of replacement policy you have. In case building costs rise, an extended replacement cost policy will pay 25% more of its limits. But if you have a guaranteed replacement policy, your replacement cost will be totally covered by your Lake Harmony home insurance.
As for the contents of your home, Lake Harmony homeowners insurance usually covers 50-70%. To know if this is enough, you should make a complete inventory of your home’s contents. However, in case of damage or loss, your Lake Harmony homeowners insurance will only pay for the present value of your items, the depreciation will be taken into consideration.
But if your coverage is at “replacement cost,” your Lake Harmony home insurance will replace the contents of your home without considering depreciation values.
If your house is under repair, chances are you’d have to move into a hotel or an apartment. Your home insurance policy in Lake Harmony should also cover at least 20% of your emergency living expenses.
You should also look into the liability coverage of your homeowners insurance policy in Lake Harmony. The liability coverage of your Lake Harmony home insurance is for the damages to other people and their properties while they are in your home.
In a nutshell, to know if you have the right amount of coverage, check your Lake Harmony home insurance for four major things: coverage for your home’s structure, coverage for the contents, emergency living expenses and liability coverage.
Find a Lake Harmony home insurance that covers all your needs. Get a free Lake Harmony home insurance quote now!
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Protection is meaningless after the accident. And think of it. We are all one mishap away from devastating personal and financial loss.
At Capria Insurance Agency we have protected the residents and business of Lake Harmony since 1999. We know the area. We know the residents. We know how to protect you with the right Lake Harmony homeowners insurance. We also serve Albrightsville home insurance, Blakeslee home insurance, Wilkes-barre home insurance.
Avoiding accidents is not promised to you or anyone else. So, don’t delay. Be prepared for life’s misfortunes. Complete the Protection Savings Form now and let the professionals at Capria Insurance Agency forge a shield of protection over you.