Four Riders To Consider For Your Home Insurance Policy

Posted on: 22 November 2017

An average insurance policy typically covers damage to your home, the cost to replace lost or damaged items, and some liability coverage. However, there are some circumstances that might require additional coverage. With home insurance riders, you can customize your policy to fit your needs. Here are just some of the many riders available that you might be able to use to make your coverage meet your family's needs.

Home Office And Electronics Coverage

If you use part of your home as a home office, you may find that your existing policy won't cover the cost of replacing those items in the event of a burglary or natural disaster. This may be because the value of replacing those items exceeds your current coverage. Fortunately, you can add a rider to your policy that covers the estimated value of these items. You'll want to talk to your insurance agent to determine what your existing policy covers and how much more you need to add in the form of a rider.

Antiques And Artwork Coverage

Collectors of fine art and valuable antiques can take out a rider to cover the estimated value of these items. Before you approach your insurance agent about coverage, have your valuables appraised. The appraisal certificates can then be used to authenticate the value, and they can also help you to determine how much coverage you need. Remember to have these items reappraised, as they may appreciate in value over time. You want to be sure that you are insuring them for the correct amount so you can recover the value if they are damaged or stolen.

Pet Liability Riders

Whether you own exotic pets or dog breeds that might be considered dangerous, it's a good idea to consider a pet liability rider. This coverage helps to protect you in the event that someone is injured by your pet. In some cases, your home's current liability coverage may not be enough to cover the cost of medical expenses incurred by an injured party. You'll need to inform your insurance agent about the type of animals you have before taking out this type of rider. Some insurance companies may not take the risk on certain breeds or species, so it's a good idea to discuss this with your agent before adding a new pet to your family.

Sewage Backup Riders

Home insurance policies sometimes cover flood damage, but that coverage doesn't always extend to sewage backups. If you experience a flood in your basement due to a backup and not a natural flood disaster, a sewage backup rider can help cover some of the associated costs, such as repair and cleanup. These riders are separate from your flood insurance coverage, giving you an added layer of protection for your home.

Talk to your insurance agent, like those at Accredited Insurance Group Inc, to understand what is currently covered under your policy, and discuss these rider options to see which one is appropriate for you. With the right coverage, you can rest easy knowing your home and your family are taken care of.

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