Homeowner's insurance can cover the cost of repairing damage to your home from a sudden, accidental event, and it can also provide protection in the event that your home is broken into. However, there are a few other perks of homeowner's insurance you might not know about. Use this guide to learn more, and discuss the details with your insurance agent to see if they are included under your policy.
Identity Theft Protection
With data breaches and identity theft becoming more and more of a concern for individuals, some policies now provide identity theft protection. This can help to cover the costs of repairing your credit after someone has used your social security number to rack up purchases or take out credit cards. If your policy doesn't already include it, you may be able to purchase a rider or separate policy from your carrier to provide you with this extra protection.
Theft Outside Of The Home
Your homeowner's insurance policy can cover more than just thefts that occur inside your home. Coverage sometimes extends to the belongings in your vehicle, your luggage when traveling, or the items in your child's college dorm room. This may vary from one policy to another, and you should check to make sure you are covered for the amount of any items that might be taken from outside of the house. For example, if your college student has an expensive computer, be sure to check the current level of theft coverage on your policy. In some cases, it pays to spend a little more each month for a greater cash replacement benefit on your policy.
Tombstone Damage Protection
Surprisingly, homeowner's insurance can extend to the owner's eternal resting place as well as the home while he or she is still alive. Some standard policies extend the definition of personal property to cemetery plots and grave markers. This means that if a headstone or grave is damaged by vandalism, or if it is stolen, the homeowner's insurance policy will pay for repairs or replacement. The coverage can extend to certain family members' plots as well, so be sure to check the details in your policy to see who and what is covered under the tombstone protection section.
Of course, in addition to these unique benefits, there are also riders you can purchase to cover even more types of property and events. Consider all of your potential risks and concerns, and then take them to your insurance agent. Together, you can select a policy that meets all of your needs. For more information, contact companies like Koski & Co.Share