Homeowners Insurance

Your home is likely your most valuable asset. Could you afford to replace it with your own money if something devastating happened? Homeowners insurance is an essential monetary obligation you owe yourself if a tragedy impacts your home and possessions.  

What Is Home Insurance? 
Homeowners insurance gives you financial protection if there is a disaster involving your home. This coverage includes both home protection and liability coverage. This insurance typically includes four essential coverages: 

• Property structure coverage may help pay to repair or rebuild your home if it’s damaged or destroyed by a covered disaster. Typically, coverage doesn’t include flood, earthquake or routine wear and tear. 
• Personal belongings coverage may pay for furniture, clothing, sports equipment and other personal items stolen or destroyed by a covered disaster. Although jewelry, furs and other expensive items may be covered, there are usually policy limits. You may need to buy a personal property endorsement or floater to insure these items for their appraised value.
• Liability protection may pay the costs of medical bills and lawsuits for bodily injury or property damage that you, a family member or a pet causes. Your homeowners policy might also pay your court costs and awards up to your policy’s limit. An additional umbrella or excess liability policy might give you broader coverage, including claims for libel and slander.
• Additional living expenses protection may help pay your living costs if you must live elsewhere due to damage from a covered disaster. This coverage might pay your hotel bills, restaurant meals and other living expenses up to your policy limit.  

What Are the Types of Homeowners Insurance? 
There are various types of homeowners insurance. Some kinds offer more extensive coverage than others, so it’s good to know how the policy types differ. We can help you explore the ranges of coverage and what would be the most suitable insurance for your home.  

Do I Need Home Insurance? 
How much homeowners insurance you may need can be complicated. Homeowners insurance typically protects your home’s structure, including fixtures, plumbing and heating. You’ll want to purchase sufficient protection to cover rebuilding or repairing your home. Taking a home inventory to determine whether you have high-value fixtures or possessions can help you decide whether or not you need to purchase additional coverage to insure your items adequately.  

We Can Help 
PAC Insurance Agency Inc. can help you with an appropriate homeowners insurance policy. Call one of our Alabama locations to speak with an agent and get started on your coverage.