Whether you’re a first-time home buyer or you’re just shopping around, buying a new homeowners’ insurance policy can be confusing. Because not all policies are created equal, the choice you make could end up helping or hurting you in the event of an accident or disaster. However, with a little bit of knowledge about what common things most policies cover, you can make the choice that is right for you and your situation. Ready to get covered? Here are four things that most homeowners’ insurance policies will cover: Structure of the Home Coverage for the structure of your home is what most people think of when homeowners’ insurance comes up. That’s because it is the most important part of any policy. To figure out how much coverage you need for the structure of your home, you need to estimate the value of your home—not just the mortgage amount, but the current value (it may have appreciated since you bought it), and perhaps even the cost of rebuilding your home if the worst should happen. In Miami, we know all too well the damage that catastrophic storms can cause to our homes. Unfortunately, when storms like Hurricane Matthew come to town, …
