Having home insurance in California will protect one of the biggest investments you have.
Your homeowner's insurance policy will cover a lot of items, but it won’t cover everything or every incident of damage. This is why it's important to work with an agent at Los Gatos Insurance Services to make sure that you understand coverage.
Homeowners policies are broken into two sections. While the first section provides the coverage for the property, the second section covers your liability. Under the first section, you will find coverage for the dwelling, other structures, and personal property. Dwelling coverage will provide coverage for your home if it’s damaged by a covered event. This will usually not include earthquakes or flooding.
Other structures are included, such as detached garages or tool sheds, but with limited coverage. You and the company cover personal property but are subject to a limit that is agreed upon. Some of the items that can be covered include jewelry, silverware, antiques, fine arts, and collectibles. If you are unable to live in your home, there is coverage for loss of use, which will provide additional living expenses.
The second part covers liability. If you are legally responsible for injuries to others on your property, you will be covered for defense and damage. There are some limits. For example, insurance will not cover you if it was an intentional act.
What Should You Know about Home Insurance?
It’s important to know that regular home insurance doesn’t cover earthquakes, which can be a regular occurrence in California. Earthquake insurance will cover some of the losses that are caused by an earthquake. Speak with an agent to get earthquake insurance. While it won’t cover all the damages, it will help with some losses. If you have a condo, you can still get earthquake insurance to cover your belongings and help pay for you to live somewhere else.
Contact an agent at Los Gatos Insurance Services to get a home insurance quote, or try our online rating tool.