E.S.T.I.R. Inc., serving Bloomfield, NJ, is an independent insurance agency. We offer our customers more choices from a wide selection of the top insurance providers in the business. Determining what is enough when it comes to home insurance is not an easy task. You need to talk frankly with your insurance agent so that they are aware of all the factors affecting your home insurance.
Building Coverage
Check the declarations page of your home insurance. Does the valuation of your home make sense? Have you made any major upgrades to your home that have increased its value? Let your insurance agent know what you have done so they can determine if the valuation is correct.
Contents Coverage
This is usually set at 50% of the value of your home. Only you know if this is the right number. Check if you have replacement cost or actual cash value coverage. Replacement cost coverage will pay to replace your items with new ones, while actual cash value coverage will only pay you for your items’ current value, including depreciation. That may not be enough to make you whole. Make sure you have a rider for any high-value items.
Liability Coverage
Does the liability coverage you have make you feel safe? If not, it is important to get more coverage or an umbrella policy. Have you added anything that raises your liability, like a dog, a swimming pool, or a trampoline? All of these raise your risk of being sued.
Loss of Use Coverage
This is a coverage you may never think about, but if something happens to make your home uninhabitable, it will matter very much. It will provide you with a place to stay while things are returning to the way they were before they were damaged.
For help with your home insurance in Bloomfield, NJ, contact E.S.T.I.R. Inc. Our knowledgeable agents can help meet all of your needs. Call us so we can give you the information you need.
