What Contents of a Home Does Homeowners Insurance Cover?

A standard homeowners’ insurance policy covers more than the structure. It also covers the contents of the home, up to a specific amount. This blog explains what items, like fine jewelry and furs, may not be covered under the policy and how to obtain appropriate coverage for them.

At Armor Insurance Group of Virginia Beach, VA, we want you to have the coverage you need in case of emergency. Your standard homeowners’ insurance policy provides contents coverage for losses due to damage or theft. It bases the coverage on a percentage of the total home value. For example, if your home value is $100,000 and the policy covers ten percent of that value for contents, that translates to $10,000.

If you have a hobby that requires expensive equipment, that might not provide enough coverage to replace your home’s contents. Examples of these hobbies include photography, sound recording, home video and hobbyist musicians. Somebody could own two better cameras and exceed the contents coverage trying to replace them.

Other reasons to obtain additional coverage include antiques, jewelry and furs. Covering these high value items requires what insurance agents refer to as floaters, a policy addition to cover large ticket items. These items will have their own deductible.

You might not immediately think of these expensive items. That’s why Armor Insurance Group of Virginia Beach recommends you create a home inventory that lists all the items you’d need to replace if you lost them. Call or visit Armor Insurance Group today to learn more about adding to your homeowners’ insurance policy. We can help you obtain appropriate and affordable coverage.

What Are the Components of a Basic Home Insurance Policy in the State of Virginia

Home Insurance is a requirement in the state of Virginia. Armor Insurance Group wants to be the shield that protects your home ownership and other aspects of your life. Whether you live in Virginia Beach, VA or the surrounding areas we want you to come in and learn how we can be the company you trust. We offer comprehensive policies for home ownership starting with the basics which include:

Property Damage Coverage – covers your dwelling and the other structures which may be on your property such as a garage or shed 

Liability Coverage – covers you if you are sued due to issues on your home property or outside of your house.

Medical Payments Coverage – if you are deemed too negligent to someone either on your property or elsewhere, the injured party will be covered 

Additional Living Expenses Coverage – if you must leave your home while it is being restored 

In our state, severe weather conditions occur every year. This weather makes the need for flood insurance crucial. Many homeowners believe that their home policy automatically covers floods. This is typically not the case, and a special flood insurance policy must be drawn to cover this peril. 

Armor Insurance Group serves the Virginia Beach, VA community, and many surrounding areas. We are unique in that we offer over eight different types of insurance: 

  • automobile
  • flood
  • boaters and watercraft insurance
  • business and commercial
  • motorcycle
  • condo
  • life

Stop by our office or call today to get more information on how you can be protected in every aspect of your lifestyle. Our agents are here to answer any questions you may have about a home insurance policy. Reach out to us today!