Protecting your home in Cloquet, MN, means protecting one of your largest investments. At Brittany Olson Insurance Agency LLC, we want you to understand your home insurance options thoroughly to obtain the coverage you need.
Protecting Your Home
When you purchase a house as your home, you get more choices for your home insurance than if you bought a condo or RV for your home. You can choose one of the three different policies for a house – dwelling, standard, or all-perils. The main difference between those relates to the named perils they cover.
The term peril refers to a natural or man-made hazard that could damage the home or its contents. Dwelling policies cover ten named perils. A standard home policy covers 16 named perils. An all-perils policy does just what it sounds like and covers all possible perils.
You can increase the number of coverages within the liability or personal property coverage amounts up to the maximum allowed by the underwriter. You can also add coverage to any of the types of home policies.
Add-ons and Secondary Insurance
You can add on a jewelry policy or an umbrella policy. You can also include a rider in the policy that increases coverage to include business liability. A jewelry policy provides replacement value coverage for your fine jewelry, such as a diamond engagement ring. The typical home policy automatically includes about $1,000 of coverage for jewelry.
An umbrella policy covers your liability over and above the home policy. The typical home policy covers your liability to between 10 and 20 percent of the home’s value. An umbrella policy lets you increase that coverage by adding a secondary policy to your primary policy, which refers to your home policy. You can add up to $1 million in coverage for just a few dollars per month.
Protect your Cloquet MN home with insurance from Brittany Olson Insurance Agency LLC. Contact us today to get a policy that protects your home investment.