Homeowner's Insurance

This type of insurance is composed of coverages that assist in paying for repairs or replacement of your home and possessions if they are damaged by various perils, such as fire or theft. This policy can also help cover multiple expenses if you inadvertently destroy someone's property or if a visitor is injured at your place of residence. At The Sarrica Group Inc., we understand that homeowners insurance policies are not one-size-fits-all. While a standard homeowners policy comes with certain coverages, it's usually customized to meet each home owner's unique needs.

THERE ARE FIVE ESSENTIAL COVERAGES OF A HOMEOWNERS POLICY:

Dwelling Coverage for the structure of your residence and appurtenant structures
Personal Property Coverage for your personal belongings
Loss of Use/Additional Living Expenses in the event you are temporarily unable to live in your home due to a fire or other insured disaster
Comprehensive Family Liability protection
Medical Payments to others

YOU MAY BE ELIGIBLE FOR THESE ADDITIONAL COVERAGES:

Additional living expenses
Debris removal
Reasonable repair costs
Coverage for destroyed trees, shrubs, plants or lawn
Fire department service charge
Coverage for forgery and counterfeit money and unauthorized use of credit cards and fund transfer cards.

THE MAIN FACTORS THAT WILL DETERMINE THE COST TO REBUILD YOUR HOME INCLUDE:

Construction costs and the square footage of the structure
The type of exterior wall construction
The style of the house
The number of bathrooms and other rooms
Attached garages, fireplaces, exterior trim, etc.

THERE ARE TWO SEPARATE WAYS TO INSURE YOUR PERSONAL POSSESSIONS:

Replacement cost coverage.
This insurance coverage pays you the dollar amount that's required to replace personal property without any deduction for depreciation but is also limited to a maximum dollar amount.
Actual cash value.
This coverage pays you an amount equal to the replacement value of damaged property minus depreciation. Unless a homeowners policy specifies that property is covered for its replacement value, the coverage is for actual cash value.

DISCOUNT BUNDLE

You can earn a discount if you bundle up your Home Insurance with your Auto, Boat, Motorcycle, and/or Umbrella Insurance with The Sarrica Group Inc. Ask our agents about how you can save money today!!

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