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How Much Homeowners Insurance Coverage Do I Need?
What type
of homeowners insurance coverage do you need? Property coverage can enable
you to repair, rebuild, or replace your house. A property loss doesn't
have to mean a financial loss, whether it's a dwelling, other structure,
or your own personal property. Homeowners insurance from Electric Insurance
also offers:
- Loss of Use coverage to pay for temporary housing, when needed.
- A Special Form policy to cover a wide variety of perils including
fire, theft, and ice dams.
- Extra coverage for computers, high value jewelry, and
even for areas prone to earthquakes or floods.
Personal Liability and Medical Payments to Others coverage protects
you no matter where you are. Such coverage can pay medical expenses,
bodily injury, and/or property damages that may be awarded against you
if you are legally responsible. Any necessary court costs are also covered.
What Extra Coverage is Available? The standard Special
Form policy insures your dwelling and other structures against all risks
except those excluded by the policy and your personal property against
fire, lightning, wind, hail, snow, ice, explosion, smoke, theft, vandalism,
falling objects, and freezing pipes*. But some homeowners and renters
face specific hazards like earthquakes and floods, while others may have
valuable computer equipment, or expensive art or jewelry not covered
by a standard policy. Electric Insurance offers extra coverage known
as endorsements. These allow you to be very specific about what you insure
and for how much.
At Electric Insurance, our experienced representatives
can help you decide what and how much you need of the different types
of coverage. Just call 1-800-44ELFUN.
*Disclaimer: Please consult your policy for the specific coverage provided.
In the event of any conflict between the information contained herein
and the policy, the policy language prevails.
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