Do You Need Insurance Riders?

Securing the right home insurance coverage is crucial when buying a home. Every homeowner in Buena Vista, VA, must have a certain level of home insurance coverage to secure a mortgage. Have you considered the riders you may need? An insurance rider is an add-on to an insurance policy that extends coverage beyond what is covered in the original policy. Depending on your needs, there are some riders you should consider. We recommend these three riders for your home insurance policy at Stonewall Grace Insurance.

1. Sewer Backup

The last thing you want is for your basement to be filled with dirty water and sewage due to a water or sewer backup. Adding this rider to your insurance coverage ensures you are covered if this happens. You could face significant cleanup fees in addition to the costly repairs from the incident. Adding this to your home insurance is well worth the cost.

2. Guaranteed Replacement Cost

You don’t want to discover that your house is underinsured if it needs to be rebuilt after a disaster. Guaranteed Replacement Cost ensures you are not financially responsible if your home doesn’t have enough coverage when it’s time to rebuild. This is similar to gap insurance for your car.

3. Personal Property Coverage

Many of your personal items will be covered if they are damaged or stolen from your home. However, some extremely valuable items may not be covered. This includes items like valuable family heirlooms, jewelry, musical instruments, or any high-value items stored in your home. Consider getting scheduled personal property coverage if you are concerned that some of your most valuable items are not adequately covered.

At Stonewall Grace Insurance, we have provided Buena Vista, VA residents with top home insurance services for years. If you are interested in how we can help you, call us today.