Sep 26, 2016
There are many coverage options to select from when shopping for your homeowner’s insurance. You need to decide on your level of coverage, whether you want a larger monthly payment and smaller deductible or vice versa. You also can decide to add flood or earthquake coverages if you live in an area prone to these events. Your standard homeowner policy is called an open perils policy and includes many types of events. But did you know that you can choose to have a “named perils” policy also known as a Broad Form insurance policy?
To give an example of how these two differing policies work, let’s use the following example. Sarah came home from work to notice that her necklace had broken and fallen off of her and was now lost. Because her loss was not related to a specific loss of wind, fire or damage to the house, this loss would not be covered under a named perils policy. If Sarah had an Open Perils policy that included the loss of valuable items, her loss would be covered (up to the policy limits for jewelry in the case). It is always important to note the policy limits of an Open Perils policy for jewelry, furs, art or other high-value items.
Homeowner’s insurance can be confusing, but not for your local, independent agents at City Insurance Center in Lynnwood, WA. Because they’re a local insurance agency, they live where you do and understand the unique options you have in the Lynnwood, Shoreline, Mountlake Terrace and Edmonds area for insurance. With years of insurance experience they can easily help you insure everything from your Home to your Auto or Business Insurance. Because they’re an independent insurance agent, they can help you find the right company to fit your needs. You can also check out their website, 24/7.
City Insurance office4610 200th St SW Suite C