Does Home Insurance Cover Your Personal Belongings?

Home insurance is extremely important because it protects homeowners from the possibility of financial loss.  If you are currently shopping for home insurance, you may have questions about what exactly your home insurance covers – including whether it covers your personal belongings. Associated American Insurance serving Manchester, NH will explain how this type of insurance works and how it covers personal items. 

Does Home Insurance Cover Personal Belongings

Yes, it does cover personal belongings, including furniture, electronics, clothes, and other contents of your home. That means that your insurance will pay to replace the items that were destroyed or stolen. 

What Types of Losses Does Home Insurance Cover?

Most home insurance policies cover such losses as fire, burglary, and others. You will need to talk to your insurance agent to know what exactly is covered. 

What Is Not Covered By Home Insurance?

Certain losses are not covered by homeowners’ insurance policies. They are: 

  • Earthquakes. If your home is located in an area that is prone to earthquakes, you will have to purchase a separate earthquake insurance policy to protect your belongings. 
  • Flooding. If you want to protect your home and personal stuff against flooding, you need to get a special flood insurance policy – either from a private insurance company or National Flood Insurance Program. 

It is also important to know that home insurance has its limits and therefore it does not cover really expensive and valuable items. Therefore, if you have antiques, expensive jewelry, or any other lavish personal belongings, you should consider getting a special policy for all this stuff. 

If you are thinking of getting home insurance and you are looking for a trustworthy agency, Associated American Insurance serving Manchester, NH is ready to assist you.  Do not hesitate to contact us and talk to one of our insurance agents, who will provide all the information you need.  

Common Myths About Home Insurance

Home insurance is one of the most important investments you can make to protect your home, yourself, and your belongings. Unfortunately, there are many myths about home insurance that do not allow you sometimes to make an informed decision and pick the right policy. Associated American Insurance serving Manchester, NH, and surrounding areas has prepared the list of most common myths that you should know:

Flood damage is covered by a standard home insurance policy

In fact, home insurance does not cover damages caused by a flood.  Therefore, in order to protect your home from floods, you have to purchase a separate flood insurance policy. 

I do not need to waste my time by making an inventory list

An inventory list is extremely important because it is proof of your ownership. When you file a claim, you will be asked to provide a list of items that were lost or damaged. Therefore, to make sure you do not forget anything, having an inventory list is a good idea. 

Home insurance covers all valuable items, including jewelry and antiques

A standard home insurance policy has limited coverage on valuable items. If you have really expensive possessions, it is worth getting additional coverage for them.

The premium increases every time when I file a claim

A single claim will not increase the premium. However, the premium may go up if you file multiple claims. Therefore, it is recommended to estimate the cost of repairs first before filing a claim and decide whether it is more reasonable to pay for the repairs yourself. 

Now you know more about home insurance, which will help you make the right decision and pick a home insurance policy that you really need. If you still have questions about insuring your home, experienced insurance agents from Associated American Insurance serving Manchester, NH and surrounding areas are always ready to assist. All you need to do is to visit our website or give us a call. 

What is included in my New Hampshire Home Insurance?

Those that live in the Concord or Manchester, NH area should consider purchasing a home. This area has an excellent local economy and offers many long-term benefits to property owners. However, if you are going to buy a property, you need to make sure that you get insurance. A full home insurance policy will protect your home in a variety of different ways, as it includes several forms of insurance. 

Coverage for Liability

One benefit of having home insurance that not many think about is liability insurance coverage. When you have one of these insurance policies, a part of your insurance will give you coverage for liability. If you have a guest over to your home and they are injured while there, you could be held liable. Fortunately, the liability insurance of your home insurance policy will cover you for this. 

Coverage for Assets

Another type of coverage that you will get with your home insurance policy is coverage for your assets. The main part of this is coverage for your home and structure, which will provide coverage for damage due to fire, vandalism, or many weather situations. However, this insurance is also going to give you coverage for your personal assets if they are damaged or stolen. 

Anyone that owns a home in the Manchester, NH area needs to get home insurance. If you are going to purchase a home, you should speak with the team at the Associated American Insurance company first. When you call the team at the Associated American Insurance, you shouldn’t be afraid to ask questions about our insurance. The team here works hard to make sure you get the most out of your coverage needs. Contact our office to learn ore about your options and how to get a quote.

How To Find The Right Home Insurance For Your Home

When you live in Concord or Manchester, NH, it’s important to find a home insurance policy that you can rely on. This way, you can meet the requirements of your mortgage company while also having the protection that you need throughout the year. At Associated American Insurance, we’re here to help you with the custom policy that you need.

What’s Included in a Policy

Home insurance policies will cover a few things regardless of where you buy from:

  • The dwelling
  • The property inside of the dwelling
  • Loss of use
  • Liability coverage

While these things are included, the amounts in which they are covered can vary. Additionally, you will want to read the fine print to find out what isn’t included. That’s when you can add riders to include more coverage so that you are protected against anything that could happen to and around your home.

Customizing a Policy for Your Needs

Customizing a policy is of the utmost importance because you don’t want to be denied a claim in the event that something happens. You will want to make sure that all structures on your property are included, such as detached garages, pools, sheds, and more. Additionally, if you have high-value items in your home such as artwork or collectibles, you will want the riders to offer full coverage. Otherwise, a claim may not cover the full amount of what was damaged or stolen from your home.

An independent agent can work with you to make sure that your policy contains everything that is needed based on your home and what’s inside.

Get the home insurance quotes that you need to make sure that you’ve got an affordable policy that covers your home every step of the way. Contact one of our agents at Associated American Insurance today so that we can help you get covered in Concord or Manchester, NH.

 

Does Home Insurance Cover Water Damage?

Water damage in Manchester, NH can be tricky when it comes to home insurance. Whether or not it’s covered will be dependent on it if it is considered sudden internal damage. It will not cover any damage that is due to neglect or lack of maintenance, and it will not cover any damage that is due to a flood.

You will be covered by your policy if the water damage is the result of a snow or rain storm, plumbing issues like faulty plumbing or a burst pipe, water damage from extinguishing a fire, a leak in the roof, an overflow of an appliance accidently, or vandalism. Home insurance will not cover water damage if it’s not the result of an accident. It won’t cover any flooding, water or sewer pipe backups, ground seepage, or poorly maintained pipes that cause leaks. If you want coverage for flood damages, you have to get a separate flood insurance policy.

Mold is commonly found after water damage in a home and it’s not always covered by homeowners insurance. Mold can be destructive, but it can also be dangerous to your health. Depending on what caused the mold in the first place, it could be covered. Mold will be covered if it is a result of water damage that is related to a covered peril. For example, if a pipe bursts and allows mold to grow, then homeowners insurance will cover some of the mold removal costs because the mold would be considered an extension of water damage. Many policies will cover $5,000, but some cover more or less. Mold due to a lack of maintenance or neglect isn’t covered. Mold that grows in a humid environment, such as a basement or bathroom, will also not be covered. Any mold that grows because of a flood would be covered under flood insurance and not your homeowners policy. Check with your agent at Associated American Insurance to see if mold will be covered under your policy.

Contact Associated American Insurance, serving Manchester, NH, to get a quote on home insurance. 

5 Homeowners Insurance Benefits That You May Not Know About

While most homeowners understand the basic protections offered by a homeowners’ insurance policy, there are many benefits offered under these policies that the average American is unaware of. If you are in the Manchester, NH area and would like to review the coverage under your current policy reach out to an agent at  Associated American Insurance today.

  • One coverage that all dog owners should be aware of is coverage for the possibility that your pet bites someone. Liability claims arising from pet bites can quickly add up, so it is imperative that dog owners check with their insurance agent to confirm this coverage is included.
  • Another benefit one might be aware of is coverage that will help bring your house up to code after a loss. For example, if a burst pipe causes your outdated electrical panel to be damaged or ruined, the insurance company will help replace it with an electrical panel that meets current code requirements.
  • If you have ever suffered through a long term power outage, one knows how expensive it can be to replace the spoiled food in the refrigerator. Most homeowner’s policies provide coverage for a restocking fee after you have been affected during a power outage.
  • Most parents know that they can keep their children who go off to college on their medical plans until age 26; however, most parents do not know that a portion of their homeowners’ policy can also protect their kids while they are a full-time student. Homeowners policies will cover the students’ personal property up to a certain limit.
  • Any gardener will tell you that a well-landscaped garden can be expensive to replace. A homeowner’s policy will provide coverage in the event that your lawn, shrubs, and outdoor plants are damaged by a covered event.

If you are interested in purchasing a new homeowners policy or want to discuss your current coverage, please reach out to an agent at Associated American Insurance. We proudly serve the Manchester, NH area.