Lake City’s Insurance Specialist
We know insurance and we will help you customize your policy by reviewing your precise insurance needs and if necessary, adding individual endorsements that offer higher limits of protection
Homeowners insurance is designed to protect your investment in your home. In the case of disaster your homeowners insurance is intended to bring your house and your possessions to the same condition they were in before the event of loss struck.
The amount of coverage assigned to your home should reflect rebuilding expenses should it suffer a covered loss. This can be determined by the purchase price plus inflation. However, if it’s been a while since you purchased your home, you will do best by having Trevor Hickman Insurance review your unique needs to be sure that your dwelling is adequately covered.
Here are some brief definitions to help you understand homeowners insurance coverage.
Coverage A: covers the physical structure of the home (ceilings, walls, flooring) and the areas attached to it, such as an attached garage.
Not all structures that exist on your property are attached to your house, that is where, Coverage B steps in.
Coverage B: offers insurance protection for other structures detached from the home such as a storage shed, detached garage or even a gazebo.
Coverage C: covers your personal possessions such as furniture, clothing and appliances are covered under Coverage C. Certain types of possessions are excluded or have limited coverage. Trevor Hickman Insurance can help you determine your unique property exclusions and limits of coverage.
Coverage D or Loss of Use, this is also called Additional Living Expense. In the event of a major loss, and you are forced to live elsewhere while repairs are being made, this provides money for your housing and other living expenses (meals and laundry).
Coverage E: Personal Liability helps to cover the associated costs for bodily injury or property damage arising from a covered occurrence for which you are legally responsible.
Coverage F: may provide medical expense coverage to a person or persons injured while on your property.
A personal umbrella policy can provide liability coverage above and beyond the limits on your auto, homeowners, boat or other personal policies. Policies limits of $1M and up are typically inexpensive yet provide valuable protection from lawsuits.