Riders On Home Insurance: 2 Important Things To Know

Having home insurance is the best way to protect your house and the things you own, but did you realize that most policies have limits on what they cover? A typical homeowner's policy will cover the structure of the home and a certain dollar amount of personal belongings, but most do not offer coverage for extra, high-value items that people own. If you have assets in your home that are valuable, you might need to add some riders to your insurance policy to make sure they are covered completely if something happens to them. 

What are riders?

Riders are additional types of coverage you can add to an existing homeowner's insurance policy, and they are designed to protect specific items. They are also designed to offer a specific amount of coverage. You may need to get the items appraised or prove their value in another way before the insurance company will approve adding the riders to your policy. This is done simply to make sure that you really do own these items and that they are really worth the amount you say they are.

If anything happened to your home and these items were stolen or destroyed, the insurance company would compensate you in full for the value you insured the items for on the riders you added. You will have to pay extra for each rider you add to your policy, but this is really the only way to protect the things you have that are not covered on your regular policy.

What are the types of things you should get riders for?

There are a variety of things you could get riders for, including jewelry, art, guns, and antiques. You can get a rider for almost anything you own that is valuable. The best way to find out what riders you need is by asking an insurance agent. You can tell them about the types of things you own and the values of these items, and the agent will help you know exactly which ones you should get riders for. The agent can set the riders up for you on your policy and give you a quote for coverage of these items.

If you own expensive things and want to fully protect them, you may need to add some riders to your homeowner's insurance policy. To learn more about riders and why you might need them, contact a home insurance agency or check out websites like http://www.wyattinsuranceca.com/ today.