Do you know the many types of property insurance and how they will affect you?
Actual Cash Value (ACV) vs. Replacement Value (RV): The wrong decision can cost you thousands of dollars.
Example: Your $3,000 television could be worth only around $400 with (ACV) after depreciation and your deductible. Replacement cost insurance would provide you with a new television that is most like the one damaged. Imagine trying to replace all of your significant valuables at a reduced value because that’s all your homeowners insurance covers.
Most policies cover dwellings but not detached structures. Extended coverage would be necessary for those. Personal belongings are protected, but only up to policy limits. Additional coverage would protect expensive jewelry, art collections, and high-end electronics.
Would you be protected if your home becomes uninhabitable? If there is a fire or flood, will your insurance company pay for a place to live temporarily?
Suppose someone falls or is hurt on your property. In that case, will your liability insurance protect you from being responsible for their medical bills? How would you be covered if someone is injured from a dog bite? One of our experienced agents at Eric Luebbe Insurance in Bennington, NE can give you a comprehensive property insurance or homeowner insurance policy that will address your unique needs.
Many items are not covered and require additional coverage:
Earthquakes, sinkholes, sump pumps, sewer and septic backups, or broken water pipes to the home are not covered, as well as home maintenance and wear and tear. Additional coverage may be needed to defray your costs should an event occur.
You may be in a situation where you need a blanket policy to protect your business or a large estate. Developing a personal relationship with your agent is paramount to ensuring you get the comprehensive coverage you need.
Policies also vary on the type of house. Each has unique guidelines, and your agent will guide you through the complexities to make sure you get the protection you need.
Eric Luebbe Insurance works with a variety of companies, so we have solutions designed to fit your needs and address your unique requirements by structuring a comprehensive coverage policy. Our Bennington, NE agents stay knowledgeable and informed, and as conditions change, we advise our clients on the best way to protect their most significant investments and the property within.
We offer plans to bundle home, auto, and business insurance to save you even more. For comprehensive homeowners and property insurance coverage in Bennington, NE speak to an agent who understands the local area and will listen to your concerns and unique needs. Contact Eric Luebbe Insurance now and request your quote.