Why you may need additional coverages atop your HOI

When you buy a home, one thing that any mortgage lender will require is that you have homeowners insurance. And, of course, having homeowners insurance only makes good sense anyway. However, what most people don’t realize is that the “standard” HOI policy may not cover everything your home needs to have covered. This especially applies in areas of the country where certain conditions are considered “high risk”.

Granted, the standard policy will give you protection for personal liability, most protections against wind damage, fire, theft, etc. However, in areas where forest fires are common, floods occur or natural disasters such as tornados or hurricanes occur, the standard HOI may not give you all the protection you may expect. In these cases, additional coverages with rider policies will be needed to provide you with the financial protection you need if such an event occurs.

If you live in the Scottsdale, Arizona area, Prutting Insurance Agency definitely understands these issues. Building a homeowners insurance policy that will provide you with the customized protection you want for your home to not only help you rebuild after something happens but to provide you with the replacement costs for everything you own is their specialty.