Key Peninsula home insurance through Pfarr Insurance Agency can be one of the best things you can do for your beautiful home. With nature at your doorstep and so much natural beauty all around, it can be easy to assume nothing could ever happen. But when disaster (fire, lightning, vandalism) strikes, its important to be prepared
What’s Included in your Key Peninsula Home Insurance
There are quite a few coverages that are standard for your Key Peninsula home insurance policy.
Dwelling coverage is the part of your Key Peninsula home insurance policy that provides protection for your home in case of fire, lightning, vandalism, or any other covered peril. If a fire breaks out and burns your home, you are covered for compensation to rebuild or repair your home up to your policy limit.
Personal property coverage
Personal property coverage is the part of your insurance policy that covers your personal possessions and insures them for repair or replacement under a covered peril. Belongings covered by this part of your policy include clothing, furniture, and other personal property. Keep in mind that some high-priced items like musical instruments, fine jewelry, and fur coats may not be covered under your home insurance policy alone. You can purchase add-ons such as scheduled personal property coverage, which is a coverage designed to cover more luxury items in case they are stolen, lost, or destroyed.
Other structures coverage
Other structures coverage covers other structures on your property besides your home (such as fences, barns, gazebos, sheds, etc.). If one of these other structures is damaged by a covered peril, you may be entitled to compensation to help repair or replace that structure. The exact amount of coverage available for other structures may depend on your coverage limit for your home. For example, if you have an $800,000 limit on your home (dwelling) you may have $160,000 worth of other structures coverage available to you (~20%)
Personal Liability Coverage
Personal liability coverage is the part of your Key Peninsula home insurance policy that covers you and your family (including pets) in case a guest at home your is injured and sues. This can be used to help both medical and legal bills. This includes if your dog bite someone (aggressive dog breeds such as Huskies, German Shepards, Rotweilers, and Pitbulls are typically excluded from standard home insurance policies).
This portion of your policy allows you to help pay for the medical coverage of guests in your home who are injured but don’t want to sue. For example, if your guest slips off your deck but doesn’t want to sue, you can still help pay for a portion of their medical expenses.