When considering home insurance, you might envision a straightforward safety net guarding against significant, obvious hazards. However, your standard home policy might not cover everything you expect. At Renee Oliver Insurance Agency Inc., we believe our clients must understand the less obvious risks that might not be protected under a typical policy.

Every home insurance policy has limitations and exclusions that could leave you unexpectedly vulnerable. For example, certain types of water damage or specific natural disasters might not be covered without additional riders or policies.

As your life changes, your insurance needs evolve. A standard policy might not automatically adjust to cover the increased value of your upgraded home or new possessions. It’s essential for homeowners in Silver Spring, MD, to review their policies carefully to understand these gaps.

Why is this important? You could face significant financial challenges when unexpected events occur without knowing the hidden perils. Our Renee Oliver Insurance Agency Inc. team is here to guide you through these complexities. We encourage all prospective and current policyholders to discuss their current home insurance coverage with us to ensure they fully understand what is and isn’t covered.

If you’re unsure about the specifics of your policy or if you think you might need additional coverage, don’t hesitate to reach out. We’re committed to helping you maintain the security of your home by making informed insurance choices.

We offer our expertise and support to everyone in Silver Spring, MD, including young adults embarking on their first home purchase and established homeowners alike. At Renee Oliver Insurance Agency Inc., your peace of mind is our priority. Contact us today to discuss how we can help protect your home from those hidden perils.

Being well-informed when you buy home insurance helps you to meet your coverage needs properly. Homeowners in Silver Spring, MD can purchase home insurance from Renee Oliver Insurance Agency Inc.

The following are four things you might not know about home insurance:

Home insurance policies can cover policyholders for "loss of use" expenses. 

If you need to file a claim on your home insurance policy, your home might be badly damaged. In this case, you might not be able to safely live in your home until it is repaired.

Fortunately, home insurance can offer "loss of use" coverage so that the costs of paying for temporary lodgings while your vehicle is repaired will be covered. 

It’s a good idea to take an inventory of the value of your belongings in your home when you buy home insurance.

You need to make sure that your home insurance policy insures you for the full value of your belongings in your home. That’s why you should take an inventory of your belongings and calculate the value of your insured items. You can then specify how much coverage you want to purchase for belongings in your home.

You can choose from a few deductible options when you buy home insurance. 

Homeowners typically have the freedom to choose from a few different deductible amounts depending on how much they want to spend on premiums and on any claims that they must file down the road. 

Flood and earthquake insurance policies are typically bought separately. 

If you want to be covered for floods and earthquakes, you’ll need to purchase flood and earthquake insurance policies. 

We Are Here To Help!

Learn more about home insurance in Silver Spring, MD by getting in touch with us at Renee Oliver Insurance Agency Inc. We are here to provide you with coverage that protects your property and your finances. We’ll be happy to help you by providing you with a policy quote when you get in touch with us. 

"How much home insurance do I need?"

Renee Oliver Insurance Agency Inc. gets asked this question often. While there are a lot of variables to consider, the answer starts with a home inventory.

A home inventory catalogs your belongings. In the event you need to make a claim, this document will speed up the process and help maximize your payout. But it also ensures you have the proper protection from the start.

That’s why Renee Oliver Insurance Agency Inc. recommends beginning here before purchasing home insurance. Located in Silver Spring, MD, their agents list five steps for conducting a thorough home inventory.

Organize each area

Avoid getting overwhelmed by dividing your home into sections. Complete one area before moving on to the next. Find a process that is easiest for you.

Record key information

Include descriptions of each item, purchase dates, and estimated prices. Also, for appliances and electronics, jot down makes, models, and serial numbers too. Scanning or taking pictures of sales receipts is encouraged.

Group like items

Save time by lumping similar items together. Low-cost goods, like clothing and dishes, are too time-consuming to list one by one. Assign a value to the entire group

List expensive items individually

However, all high-end valuables should be listed separately. Jewelry, antiques, and other collectibles may require additional coverage beyond traditional home insurance. Consult with an agent to ensure these will be covered.

Update frequently

This list should grow as you make more purchases. At a minimum, review the home inventory every year. Add in any new items. Update your digital records, but also store a backup copy somewhere safe.

Find an agent serving Silver Spring, MD

Using your home inventory, Renee Oliver Insurance Agency Inc. can better determine how much home insurance coverage you need. Schedule an appointment today.

Home insurance is a type of insurance that is vital for all homeowners to have. It provides a number of important coverage types to protect you and your finances. If you need home insurance, contact us today at Renee Oliver Insurance Agency Inc. in Silver Spring, MD.

To Protect Your Home

For most people, their home is by far their biggest investment, and home insurance is there to help protect it. If a serious incident such as an accident or disaster causes damage to your home, getting it repaired can be very expensive. That’s where home insurance comes in. It can pay for the damage that was done so that you won’t have to. It is valuable coverage that every homeowner needs to protect their investment. 

Protecting Your Possessions

Chances are that all of your belongings are there in your home. If you were to lose them, it could cost almost as much as your home to replace them all. That’s where home insurance comes in. It pays for damage done to your belongings in an incident that is covered by the policy. These often include various accidents and disasters. It would be very difficult to pay to replace everything without help from this policy. 

Covering Your Liability

Another way that home insurance protects you is to cover you in liability cases. If a third party came into your home and then had an accident or developed an illness there, the resulting medical bills could be yours to pay. With the rising cost of medical bills, it’s always a good idea to have this coverage in your home policy. 

Cover Your Home

To protect yourself against a number of expensive situations, you need to have a home policy in place at all times. To find out more about them, give us a call at Renee Oliver Insurance Agency Inc. in Silver Spring, MD.