When the excitement of finding your new home wears off, you may well realize all the things you don’t know about homeownership. One of them may be your home insurance. In Oklahoma City, OK, our team at S & S Insurance Services Inc. offers personalized service – we can help answer any questions that you may have.
Home insurance has exclusions
Home insurance covers lots of things, but it doesn’t cover everything. Like most insurance, it has exclusions. Some of the most common are:
- Flooding from surface water
- Earthquakes, mud or landslides, and sinkholes
- Sewer backup
- Wear and tear
- Owner neglect
Deductibles apply to every claim
Home insurance is not like health insurance where you have a yearly deductible. You will pay the deductible that you choose on every claim that you have. Choose a deductible that you are comfortable paying.
You have choices when choosing content coverage
Basically, there are two types of content coverage. You can choose from current value, which is what your items are worth today, taking depreciation into account, or replacement cost, which is what it costs today to replace an item.
Some content has limits on coverage
Some of the things that you own are not unlimited in coverage. Jewelry, art, cash, coins, and antiques all have limits. You need to get an appraisal and a rider to get additional coverage that you may need.
Your property is covered when you travel
If something is lost or stolen when you are away from home, it is covered by your home insurance even if it is in your car.
Schedule A Consultation Today
If you are a resident of Oklahoma City, OK, or the surrounding area, contact our office at S & S Insurance Services Inc. with your questions and any home insurance needs you have.