Disasters Take Many Forms: Very few are predictable:
A disaster can happen without notice, and your loss will exceed your ability to recover if you don’t have a solid plan. In Nebraska, we have experienced major storm disasters. Lighting, windstorms, fire, and hail can create damage that can compromise your lifestyle and finances. A well-designed homeowners insurance policy can make a difference. For example, a flood inside your home will be covered differently than damage from the outside.
Could you pay the difference between what your insurance company will pay and the repair and replacement costs should a claim arise if disaster strikes?
Actual Cost Value (ACV) vs. Replacement Value (RV): The wrong decision can cost you thousands of dollars. An experienced agent who takes the time to learn your needs will explain the difference and show you how a little more on the cost of a policy can save you thousands on replacing your damaged possessions.
Most policies cover dwellings but not detached structures. Extended coverage is necessary to cover a detached structure.
Personal belongings are protected but only up to policy limits. Additional coverage protects expensive jewelry or art collections and high-end electronics.
Would you be protected if your home became uninhabitable? If there is a fire or flood, will it pay for a place to live temporarily or for an extended period of time?
Suppose someone falls or is hurt on your property. In that case, will liability insurance protect you from being personally responsible for their medical bills?
Different types of homes need specialized policies. A condo is different from single housing. A second home requires different coverage than one you may rent.
Flood insurance is available through the National Flood Insurance Program.