As a homeowner in Little Falls, MN, you have a lot to appreciate. At the same time, your home comes with several responsibilities. If you want to protect your home and ensure it’s covered in the case of the worst scenarios, then you need good home insurance. You likely already have some coverage, but it’s important to recognize common gaps in insurance coverage and how to deal with them. Hanneken Insurance Agency Inc. has a few tips to help with that.

Floods

Notoriously, floods are not covered by standard home insurance policies. If you live somewhere with significant flood risk, you might be eligible for the National Flood Insurance Program (NFIP), which FEMA manages. Otherwise, you can add a flood policy to your insurance bundle. Do you need flood insurance in Little Falls? That depends on a few things, but you can get coverage that insures you against busted water pipes and other issues that are universal.

Valuables

Your personal belongings and valuables are often not covered by home policies either. Generally, a home policy will insure a fixed amount for all of your belongings, and in the case of catastrophic damage, that set amount is the payout. If you have jewelry or other valuables of note, you want to add coverage.

Some insurers will allow you to add valuables coverage to the home policy. Others will separate that coverage into an additional policy, but you can check for bundled rates to save money.

Liability

Home insurance comes with some liability coverage, but if you run a business from your home or have a lot to lose, that coverage might not be sufficient. You can add business liability insurance (if you’re running a business) or umbrella insurance to make up the difference. This ensures that you have sufficient coverage in the case of a legal contest.

There are plenty of different ways to construct policies that protect your home in Little Falls, MN. The easiest solution is to talk to Hanneken Insurance Agency Inc. and get professional help perfecting your coverage.