Modern homes are full of contemporary conveniences and complex systems. From heating and air conditioning systems to sump pumps and major appliances to home theater systems, you could be facing large replacement or repair costs in the event of a breakdown.
Some homeowners policies allow you to add additional coverage that protects you in the event of equipment breakdown. This coverage usually protects your major appliances and home systems.
While no one can put a price on sentimental value, insuring your prized possessions will help keep them financially protected if they’re lost, stolen, or damaged. A homeowners policy may provide some coverage, but it may not cover the full value of your more expensive belongings. You may need to buy extra coverage.
For personal valuables, the right protection matters. The value of your belongings will determine how much additional coverage you’ll need. There are different options that offer higher limits, which may be more suited to your needs.
This can get ugly. It doesn’t take much water to cause thousands of dollars of damage to your home. Unfortunately, water backups occur through sewers, drains, and sump pump overflows all too often.
Sewer or drain backup may provide coverage in the event of water or sewage backup into your house through sewers or drains, or overflows from inside a sump pump or other system designed to remove water that drains from your foundation.
Identity theft and fraud are a hassle, to be sure, but the effects can go well beyond a few phone calls to straighten things out. You may be faced with hours of effort to repair the damage, costly legal issues, and lost wages as you work through the process.
The good news is that you don’t have to go it alone. Recovery services can help restore your credit and your good name, as well as financial protection. You may even be able to get assistance with the costs associated with child or elder care while you’re working to recover your identity.
The underground service lines leading in and out of your home can become damaged in many ways, including tree roots, animal interference, digging, and vehicle weight. They can also rust, become corroded, or simply wear out. Sewer, natural gas, and propane gas pipelines, as well as electrical wiring, cable, and internet connections that run underground from the curb to your home are your responsibility, and repairing damage to them can be extremely costly.
Besides repairing the actual service line, a homeowner may have to dig up landscaping, driveways, and sidewalks to gain access to the damaged line. Damaged outdoor property like trees, shrubs, and even walkways may require repair or replacement as a result of the service line repair or the service line failure itself. Related loss of use costs may also be covered.
Your home is potentially your most valuable asset and weather events can pose a significant risk for damage. Roofing and siding are particularly susceptible to the elements and having enough coverage is important. However, it’s possible that the same siding or roofing material is not available, leaving you with a mismatched appearance or a costly job to replace it all.
When the same siding or roofing material is no longer available to repair the damaged portion, this coverage reimburses for the cost to replace undamaged siding or roofing with materials of like kind and quality when the damage is caused by a covered loss.
Cyber crimes are a very real threat in our digital world. Just like businesses, you are susceptible to cyberattacks, extortion, fraud, and cyberbullying. All of these events can be devastating and expensive to recover from.
Cyber coverage can help cover the costs associated with some personal cyber events. In addition to the coverages found in some Identity Recovery coverage, cyber coverage could include repairing hardware after a virus or assistance with how to respond to a ransomware attack. Cyber coverage also can help with expenses you may incur as a victim of cyberbullying.