Home Insurance
Home can mean so many things,but, most importantly how you protect your home is important. Whether it’s a luxurious estate, countryside home, condo,or simply a suburban house, its important to understand what risks you face as a homeowner. From personal liability to simple water back up coverage, Elevate will guide you through the process to get the protection and coverages needed for your most prozed posession- your home.
The structure of your home
You need enough insurance to cover the cost of rebuilding your home at current construction costs. Don’t include the cost of the land. And don’t base your rebuilding costs on the price you paid for your home. The cost of rebuilding could be more or less than the price you paid or could sell it for today.
Your personal possessions
Most homeowners insurance policies provide coverage for your personal possessions for approximately 50 percent to 70 percent of the amount of insurance you have on the structure or “dwelling” of your home. The limits of the policy typically appear on the Declarations Page.
The cost of additional living expenses
You need enough insurance to cover the cost of rebuilding your home at current construction costs. Don’t include the cost of the land. And don’t base your rebuilding costs on the price you paid for your home. The cost of rebuilding could be more or less than the price you paid or could sell it for today.
