• Rick Gillit

The Importance of Home Owners Insurance Part 2

Last week we discussed the liability coverage that is included in homeowners insurance. If you didn't have a chance to read it click here!


This week, we want to go more in depth on what is typically included in a homeowners policy and additional coverages that you may want to discuss with your insurance agent. If you don't have one, or are interested in a free, no hassle quote give RG Insurance Group a call, they are your trusted Highlands Ranch Home Insurance and Castle Rock Home Insurance agency.


Your Homeowners Insurance policy typically covers both Property and Liability coverage. Liability was partly covered in last weeks post, but this week our focus is on the property side of things. Property coverage is broken down into four separate coverages (Coverage A-D).


Coverage A involves the actual physical property and property directly attached to the building. This is what most people think about when they think about Home Insurance. This is the coverage that would pay to rebuild and repair a home that has been destroyed by a fire, hail, lightning, etc.


A standard policy will not cover flooding, earthquakes and routine repairs and breakdown. It is critical that you pull a policy that will cover the cost of rebuilding your home.


Coverage B covers other structures that are not directly attached to the home, examples may include work sheds, a detached garage, swimming pools and even swing sets! Most insurance policies will cover structures listed in Coverage B up to 10% of your Coverage A coverage, but these policies may always be adjusted to fit your needs.


Coverage C will cover the personal property you own or use. This includes furniture, sports equipment, jewelry, etc. This coverage is extremely important as it will provide the financial resources necessary to replace your items if they are stolen or destroyed by a fire, hurricane or other natural disasters.


This coverage will also protect your personal property when it is outside of your home, such as property that is stolen out of your car to a certain limit. In addition to the aforementioned benefits, most insurance policies also cover unauthorized use of your credit cards.


If you own high value property such as expensive artwork, furs, collectibles and jewelry, you should talk with your insurance agent about insuring your valuable interests above and beyond what is normally covered with a Personal Property Endorsement.


Coverage D


If something were to happen to your home, where would you go? With the right home insurance policy, there is no need to worry. Coverage D provides Loss of Use coverage and living expenses. This coverage may cover hotel bills, meals and any incurred costs above and beyond your typical cost of living due to being displaced.

The last thing you should have to worry about is where you are going to temporarily live while your home is being repaired or replaced.


Home Owners Insurance may be complicated, but it doesn't have to be. Your home one of your most valuable possessions, and provides a sense of security for you and your family. Don't take chances on your families future, make sure that your home is protected. If you aren't sure how to read your policy, or you would like to make sure you are adequately covered, don't hesitate to call your Castle Rock Insurance and Highlands Ranch Insurance Agency. RG Insurance Group would be happy to provide you with a no hassle, stress free evaluation of your current policy. Give RG Insurance Group a call at 303-779-4200.

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