At Monterey Insurance Group, Inc., a home insurance policy helps you protect your family and your home against several risks. The home insurance protects the physical structure of your property, detached structures such as garages or sheds, personal belongings in your home, and liability claims filed against you or family members. Quality and sufficient coverage makes all the difference when it comes to protecting your home with a home insurance policy. Therefore, it is vital to understand the different types of home insurance coverage options in Huntington, MD before you choose what suits your specific needs.
Types of coverage options
Personal property coverage: The coverage is designed to protect your personal belongings. It can be very costly to replace items such as bicycles, large pieces of furniture, and stereos in the event of a disaster. In addition, the coverage option can help you protect these items even if they were stolen or damaged outside of your home.
Dwelling coverage: The coverage is designed to protect the physical structure of your property such as roofing and walls.
Other structures coverage: If you have other physical structures on your property, it is essential to purchase the other structures coverage option. The coverage protects different types of structures such as stand-alone garages and sheds.
Additional living expense coverage: If your home becomes uninhabitable, you may need to stay in a hotel. It is crucial to have additional living expense coverage to cover for the hotel bills. Remember, the cost applies after a covered loss.
Liability coverage: The coverage option comes in handy when someone who gets injured on your property decides to sue you for damages. The cost of such a lawsuit can quickly add up and be a huge financial liability if you don’t have liability coverage.
Guest medical coverage: While it is important to have liability coverage to protect yourself against lawsuits, the guest medical coverage is for paying the medical bills when a guest gets injured on your property.
It is crucial to explore all your options when looking for suitable coverage options for your home in Huntington, MD. For more information about home insurance coverage options and guidelines on how to find the most affordable home insurance policy, contact Monterey Insurance Group, Inc.