The added benefits are great, too — adding a security system, locks and home alarms to your home will also result in
discounts on your homeowners policy or your renters policy.
While you can raise the
limit on your homeowners policy for these items, chances are you'll be limited in the amount you can claim for the loss of any individual piece.
Homeowners wanting earthquake insurance must see if their current insurer offers a
rider on their homeowners policy, or search for a separate policy altogether.
In some cases, your sporting equipment can be
scheduled on your homeowners policy (just like you would cover your more expensive cameras, jewelry, etc.) depending on your policy.
There are typically exceptions
on a homeowners policy for theft when the theft takes place in the part of a residence that is being rented to a paying guest.
It's wise to increase the liability limits
on your homeowners policy if you have a high net worth, and therefore a significant amount of assets to protect.
Once you
decide on your homeowners policy, have your insurance agent contact your lender and title company to provide them with the necessary proof of insurance documents.
Most insurers require a person carry about $ 250,000 of liability insurance on an auto policy and $ 300,000 of liability
insurance on a homeowner policy before selling an umbrella liability policy for $ 1 million of additional coverage, Worters says.
Most insurers will want you to have about $ 250,000 of liability insurance on your auto policy and $ 300,000 of liability insurance
on your homeowners policy before selling you an umbrella liability policy for $ 1 million of additional coverage.
If the personal property listed
on your homeowners policy needs to be replaced because of a covered loss, there are two different ways your insurance could help: