HOMEOWNER'S INSURANCE

While homeowners insurance covers many common risks, it doesn’t cover everything. Damage caused by floods, earthquakes, normal wear and tear, pests, or poor maintenance is typically excluded. Your insurance agent can help you determine whether additional coverage is right for your home.

The cost of homeowners insurance depends on several factors, including your home’s age, location, size, construction type, claims history, and deductible. Insurance rates can vary from one homeowner to another, so comparing coverage options is a smart place to start.

Dwelling coverage is the part of your homeowners insurance policy that helps pay to repair or rebuild your home’s physical structure if it’s damaged by a covered loss. This typically includes your roof, walls, floors, and any attached structures, such as an attached garage. We recommend reviewing your dwelling coverage regularly to help ensure it reflects current rebuilding costs and provides the protection your home needs. If you’re unsure whether your coverage is adequate, we’re happy to review your policy with you. Homeowners in North Carolina should make sure their dwelling coverage reflects today’s rebuilding costs.

Replacement cost coverage helps pay to repair or replace covered property with new items of similar kind and quality without subtracting for depreciation. This type of coverage can make it easier to recover financially after a covered claim.

Many homeowners insurance policies include coverage for detached structures such as garages, sheds, fences, and gazebos. Coverage limits vary by policy, so it’s important to review your policy to understand what’s protected.

If a covered loss makes your home temporarily uninhabitable, your homeowners insurance may help pay for hotel stays, meals, and other extra living expenses while repairs are being completed. This coverage, often called Additional Living Expenses (ALE), can help ease the financial burden after a covered claim.

In many cases, yes. Most homeowners insurance policies provide coverage for personal belongings that are stolen from your home. Many policies may also offer limited coverage for items stolen while you’re away from home. Coverage limits, deductibles, and exclusions can vary, so we’re happy to review your policy with you, explain what’s covered, and make sure you have the protection that best fits your needs. If you live in Pembroke, your insurance agent can explain the limits and deductibles that apply to your policy.

Yes. Renovations like remodeling a kitchen, finishing a basement, or adding living space can increase your home’s value and rebuilding cost. If you’ve recently completed home improvements in Pembroke, it’s a good idea to review your homeowners insurance coverage.

Most homeowners insurance policies include coverage for personal belongings such as furniture, clothing, electronics, and appliances if they’re damaged by a covered loss. Some valuable items may have coverage limits, so you may want to ask about additional coverage for expensive possessions.

It’s a good idea to review your homeowners insurance policy every year or whenever you make significant changes to your home. Updating your coverage after renovations, large purchases, or other life changes can help ensure your policy continues to meet your needs.