Major Home Insurance Coverage Clauses Everyone Should Know


Major Home Insurance Coverage Clauses Everyone Should Know

Homeowners insurance in Orange is an important part of any home, but there are a few clauses which every homeowner needs to know before it’s too late.

Purchasing a home is an experience fraught with many emotions: joy (for the purchase of a brand new home and new era in life), fear (for the uncertainty that such a commitment requires), and sadness (for the tens of thousands that was required for the down payment and other closing costs), with joy being the dominant force in this situation. For nearly all people, their home is the biggest investment they will ever make and so they want to make sure their investment is protected with the right homeowners insurance in Orange.

But there are a few instances wherein the buyers do not fully read their policy and it gets the better of them come claim time. Here are three major clauses inside homeowners insurance in Orange every homeowner needs to know.

  1. Assets Have a Reimbursement Limit

Your items are covered if they are stolen or damaged by a covered disaster like fire or storm damage. But most people don’t know that there is a limit to that coverage, per item. So if you have fine art, jewelry, or expensive electronics, they may not fit under your policy. Talk to your agent about options to include these items under your policy.

  1. Home Improvements May Affect Your Premium

Home improvement projects are good for two reasons. The first being that they improve the aesthetic of your home, and the second reason being that it increases the value of your home. This increase in home value, however, is then transfused into your policy because your policy has to cover your home for its actual present-day worth.

Quality homeowners insurance in Orange will cover you, but you need to make sure that you are properly covered in order for it to serve you nobly. Call Remland Insurance today for additional safety information or to update your California home insurance policy in Orange County and surrounding areas – 714.532.3341