Your home is likely the biggest investment you’ll ever make, so it’s important to be sure you are properly covered. BES & Associates Insurance in Walford, MD, offers homeowners insurance.

Dwelling Coverage

Dwelling coverage covers the structure of your home. You’ll need enough coverage to rebuild or replace your home if it’s destroyed. The easiest way to know if you have enough coverage is to multiply the square footage of your home by the per-square-foot building price in your area.

This will ensure you have enough coverage to rebuild your home. You’ll also want to consider the materials used. For example, rebuilding will cost more than vinyl siding if your home is brick.

Liability Coverage

Liability coverage is another essential component of home insurance. You should have liability coverage equal to or greater than your net worth. This will protect your financial security if someone is injured on your property.

Personal Belongings Coverage

You’ll also want to consider your personal belongings coverage. Your policy will pay to replace your possessions up to the coverage limit.

To determine whether you have enough coverage, inventory the items in your home. Include the price for each item and then add them together. You’ll need this much coverage to replace your belongings if they are destroyed.

If you have valuable items like jewelry or antiques, you may need extra coverage. You can add a Ryder to your policy, which provides enough coverage to replace your valuables.

Homeowner’s Insurance at BES & Associates Insurance

If you need homeowner’s insurance in Walford, MD, contact us at BES & Associates Insurance. Our agents will discuss your needs and goals and help you select a plan that protects your investment in your home.