Key Things to Know About Your Homeowners Insurance

Make sure you know these essential things about your home coverage.

Many homeowners make the mistake of only reviewing their insurance policies when disaster strikes.  However, this is the worst time to realize that you have coverage gaps or cannot afford your deductibles.  Rather than leaving yourself in this perilous situation, it’s important to review your policy for key pieces of information.  Here are some of the things that you should know about your homeowners insurance at all times.

  • Your Deductibles

Much like your policy includes different forms of coverage, it will also have different types of deductibles.  While it’s important to know the main deductible amount that your insurer will collect when you go to file a claim, you should also know if your policy requires additional deductibles for specific types of claims.  Additionally, if you have supplemental home insurance policies to cover things like earthquake, flood, or windstorm damage, then these policies might not impose a dollar deductible amount.  Instead, they may require that a percentage of the claim amount be covered as the deductible.  In the event of some losses, you may not need to pay a deductible at all.  Make sure you know all about your various deductible requirements, so you are prepared in the event that you have to file a claim.

  • Your Covered Perils

Many homeowners make the mistake of assuming that their homeowners insurance protects them from every threat that comes their way.  However, there are certain perils and damage events that will not be covered by your standard home insurance policy.  For instance, regular home insurance will specifically exclude coverage for floods, earthquakes, sewer backups, pest infestations, and issues related to a home business.  To ensure that you are not caught off guard by a coverage gap, make sure you read through your policy and speak to your home insurer to discover exactly what your policy will cover.  Keep in mind that there are various insurance endorsements and specialty policies that can fill your coverage gaps.

These are some of the essential things that you should know about your homeowners insurance at all times.  Do you have further questions regarding your home coverage?  Then give our knowledgeable Total Protection Team a call at 951-600-5751, send an email to, or stop by our Murrieta, California office today.  We are always happy to help!