Month: November 2023

First-time homeowners understand the importance of having quality insurance that protects them against financial losses caused by a natural disaster or unexpected house accident. M & M Insurance Group in Chesterland, OH can offer smart tips that provide the best possible home insurance for your house.

Check Limits on Personal Property Coverage

A standard home insurance policy will cover all personal property (clothing, furniture, electronic devices, and jewelry). However, it is the owner’s responsibility to set a limit that is enough to replace all items damaged or stolen from the home. 

And if you have more expensive personal property (fine artwork, sculptures, and rare sports memorabilia), it may need additional coverage on your standard home insurance. Check the wording of your policy to confirm the items in question are fully covered. 

Add Personal Liability Coverage to Your Home Insurance

All home insurance policies should include some form of personal liability coverage. It will protect a homeowner from being ruled liable if an individual gets injured inside their house. Too often, the injured party files a personal injury lawsuit after sustaining bodily injury or property damage done to their possession following a home accident. Being the policyholder, you have control over the amount of liability covered. The goal is to protect your assets with the coverage provided. 

Do Not Under-Insure Your Home

The biggest mistake by first-time owners is under-insuring their homes. Too often, they stay with the coverage offered in a standard home insurance policy. It is perfect for the short-term but not the right coverage for the storm season. If your home is in a flood zone, add flood insurance to your policy. If not, the repair costs will come out of your pocket.

The best approach to gaining your home insurance needs is speaking with M & M Insurance Group in Chesterland, OH. Our staff will review your paperwork and create an insurance policy that protects your home. Please call and set up an appointment today.