Buying a new home will be a life-changing move that will call for decision-making along the way. Getting the correct type of home insurance will be one of the essential steps, with multiple mortgage lenders requiring proof of insurance during your home purchase. To help with this, Arana Insurance Solutions breaks down the types of home insurance to consider getting.
Contents coverage protects the items inside your home from perils such as fire, hail, vandalism, and theft. If your furniture, clothing, or electronics are destroyed by any of these perils, contents coverage will compensate you for repairing or replacing your items. While this coverage ensures that your personal belongings are protected, high-priced possessions such as fine art and jewelry will often be excluded from this insurance.
Liability coverage protects you from both bodily injury liability and property damage liability. If your guests get injured in your home due to fall accidents or pet bites, bodily injury liability kicks in to cover the medical expenses. If your guest’s property is damaged, property damage liability ensures that the repair or replacement expenses are taken care of. In addition, liability coverage protects you when you are sued for any of the above accidents. It will help you pay for damages awarded while also ensuring that your legal fees are covered.
Dwelling coverage comes in handy in protecting the structure of your home from damage. Examples of covered perils include hail, fire, and vandalism. If these were to occur, dwelling coverage would safeguard items such as your ceilings, walls, floors, and built-in appliances. Structures such as garages will also be covered, allowing you to rebuild your home when emergencies occur.
Your home is a valuable asset that needs year-round protection from any unforeseen emergencies. Reach out to Arana Insurance Solutions today for home coverage designed to give you peace of mind.
