Preparing for Disasters and Protecting Your Home

The truth of the matter is that a natural disaster, from significant storms to wildfires, can occur at any given time with the potential to destroy your home and its belongings. The best way to protect yourself and your property is to invest in home insurance from a company like Brokers Insurance Agency. Here are a few ways your home insurance policy in Lincoln, NE protects you from a variety of unexpected events.

Home Repairs

A home insurance policy will pay to replace your home in the event it suffers damage by a covered peril. Usually, you will be protected against fire, high winds, and tornadoes, but there will be some specific events that are excluded. This may include food damage, which would require an additional rider for protection.

Damaged Property

When a significant storm or disaster comes through, there is a chance that you will need to replace everything, from the home itself to clothing and furniture. The typical policy will include personal property coverage, which will pay for the replacement of personal items ruined in the covered peril.

Stolen Property

Even in the event that your items are saved to “live” another day following a calamity, they are likely to be vulnerable to theft in the event your home is exposed. The good news is that a home insurance policy will reimburse you for any items that are stolen.

There are many benefits to securing a home insurance policy. If you are ready to invest in the protection of your Lincoln, NE home and belongings, contact our team at Brokers Insurance Agency. We are happy to sit down with you and go over different policies to determine what type of coverage is best suited for your needs and personal budget.

Home Insurance & Water Damage: What You Need to Know

Water damage is one of the most difficult types of damage to contend with in the home. When your home experiences water damage, you want to know if your insurance can be helpful.

Brokers Insurance Agency, which series Lincoln, NE, knows that water damage is tricky. Here’s what you need to know.

Home Insurance Covers Water Damage to Dwellings

Even if your home insurance policy does not cover flooding, it may cover your dwelling if it faces water damage in another form. For example, a pipe might have busted in the wall, leading to severe damage to your home’s structure.

Keep in mind that not everything is covered by your policy. If your home does not have proper maintenance over the years, you may not be able to recover some expenses. It is important to stay up to date with your policy documents.

Home Insurance Provides Personal Property Coverage

Water damage can also impact your belongings. If your personal items, like electronics or books, are damaged, you may be able to get some help thanks to your home insurance.

Deductible Needs Differ

Each home insurance policy has different types of deductibles. If you are unsure when your policy kicks in to help with water damage, you should speak with an insurance agent who understands your needs and your contract.

Get Home Insurance to Protect Your Property

Whether you want to protect your home or your personal property, you need home insurance. If you do not know what kind of policy you need, consult with Brokers Insurance Agency serving Lincoln, NE to learn more about your options.

How Does Home Insurance Help a Person with a Home Business?

When you first open your home business in Lincoln, NE, your home insurance probably covers your new home business’ equipment. You probably do not own much yet.

The standard home policy covers about $1,500 to $2,500 of business equipment or property at your home. That’s all it covers, though.

As your business grows, you need to enhance your coverage from Richards Insurance Agency. The liability coverage of a home owner’s policy provides coverage for occasional meetings for a home business. Still, to cover regular meetings or client visits, you need to add a policy endorsement.

You need to add to the policy if you plan to have regular meetings or order pickups from your home. That endorsement increases your liability coverage so you can safely hold meetings without worrying that an accident would put you out of business. This endorsement also adds up to $4,999 of business property coverage and up to $750 for personal business property.

When your business grows beyond that, you need a home business policy for your home owner’s insurance. This represents more than an endorsement; it adds a type of coverage to your existing policy, like adding collision coverage to your auto insurance policy.

Adding a home-based business coverage component to your home insurance protects your business fully. It also protects your insurance policy. If you begin using your home to run a business and do not tell your insurer, you can lose your insurance policy altogether. Anything besides intended use invalidates your policy. If you started any business from home, including selling Avon, Mary Kay, etc., you need to inform your insurance company.

Contact Richards Insurance Agency, serving Lincoln, NE, for more information on home insurance and your home-based business. We want to help you remain covered.

What riders can I add to my basic home insurance policy?

As a homeowner, you have a lot of things to think about. Having the right home insurance is one of them. Most people don’t take the time to read their home insurance policy to see all the limits on the coverage. They just assume that they have the coverage that they need. This can be very dangerous, and it is too late to find out when you file a claim that you don’t have enough or the right kind of coverage. At the Richards Insurance Agency in Lincoln, NE, we treat our customers like family, and we ask the right questions to get to know them and their needs. 

Jewelry rider

The typical home insurance policy has fundamental limits for jewelry. You don’t want to wait until you lose your engagement ring to find out that your coverage is not going to be nearly enough to replace it. If you have more than just costume jewelry, you should take a good look at your insurance policy and determine if it will cover what you have. With a jewelry rider, you can get the coverage you need, but it helps if you have appraisals for your important pieces. 

Sewer backup

Yuck, what could be worse than having a sewer back up into your home?  Not having the coverage you need to get it cleaned up!  Most policies need to have a rider in order to cover you for this type of water event. 

Identity Theft

Unfortunately, this is an all too common occurrence and is not covered under your basic home policy. The rider will help help you get your life back together after your ID has been stolen.  

At Richards Insurance Agency in Lincoln, NE, we want to help you make sure that your home insurance gives you all the coverage you need. Give us a call or stop by our office to discuss your home insurance needs. 

Benefits of a Home Insurance Policy

Home Insurance Benefits

You’ve worked hard to have a home of your own. Now you need to protect it from threats like fire, severe weather, and other known perils. 

Your lender may require you to carry a certain amount of insurance while you have a mortgage. Whether required or not, home insurance offers you many benefits. Consider the policy to be financially protected should the unthinkable occur. Damage from fires and other perils are very costly to repair or replace if the home should be effected. Our team at Richards Insurance Group are ready to work with homeowners in the Lincoln, NE area to help them understand their insurance options. 

What can Home Insurance Do?

Home insurance not only protects the physical house, but it also covers the home’s contents. It will also include any buildings or structures on the property, such as pergolas, fencing, or sheds. For valuable collections, such as firearms or artwork, additional coverage may be needed. The liability portion of the policy will protect you if someone is injured in an accident on the property and you are deemed responsible. Should they decide to take you to court, the legal expenses and medical bills can be challenging to handle. Our agents will help you have a clear understanding of everything that is covered by the policy and, more importantly, what isn’t.

What does Home Insurance not Include?

Most home insurance policies will not cover flooding or earthquakes. These situations need to be handled by a separate policy which you can obtain in a flood or earthquake policy.

Should a disaster occur, personal belongings and the contents of the home will be covered. If your house is not habitable or has been destroyed, the home insurance policy will cover your expenses on hotels and restaurants until you can return. Our team at Richards Insurance Group knows you want to protect the investment in your home in the Lincoln, NE area. Visit our website to use our online rating tool for quotes on home and auto insurance. Reach out to our agents to have your questions answered.