Home insurance policies are filled with terms that can be confusing for new and even experienced homeowners. When you become familiar with these terms, you can better choose coverage that meets your unique needs. Serving Monroe, GA, and the surrounding areas, Atkinson Casey Agency offers home insurance coverage solutions designed to keep you financially protected.
Dwelling Coverage
This is the core of your home insurance policy. This type of coverage protects the home’s structure, including walls, roof, and floors, from covered perils like fire, hail, and windstorms. Knowing your dwelling coverage limit ensures you can repair or rebuild your home if a disaster strikes.
Personal Property Coverage
Personal property coverage protects the belongings inside your home, from furniture and electronics to clothing and jewelry. Standard policies cover most items, but high-value possessions may require an add-on, or endorsement, for full protection.
Liability Coverage
This type of coverage protects you if a person is injured on your property or you’re found at fault for damage to another person’s property. It helps pay for medical bills, legal fees, and settlements, providing financial protection from unforeseen incidents.
Deductible
Your deductible is the amount you must pay out of pocket before your insurance company will pay for a claim. Selecting the right deductible balances your monthly premium with your potential out-of-pocket costs in the event of a claim.
Additional Living Expenses
Additional living expenses coverage helps with temporary living costs if your property becomes uninhabitable. This includes hotel stays, meals, and other expenses while repairs are underway.
Keep Your Home Protected
When you understand common terms found in standard home insurance policies, you can ensure that your Monroe, GA, home and belongings stay protected. To review your policy or add coverage, contact Atkinson Casey Agency.
