Homeowners insurance steps in to help reimburse you for damages or make repairs for various events, such as floods, hurricanes, or fires. Most people know that insurance in Lynnwood, WA will cover structural damage to property, but what about your personal property?

Personal Property Protection

Many insurance policies include personal property protection that covers your belongings. This can consist of belongings outside, such as patio furniture, children’s toys, or a trampoline. Some policies extend this coverage to belongings inside vehicles on the property. Always read the fine print to determine which belongings are covered. You can also ask a Sound Choice Insurance Agency Inc agent to clarify things.

Covered Events

Instead of focusing on which belongings are covered, it’s important to learn what events are covered. Covered events are specific events in which personal property protection will kick in and cover the cost of replacing your things. Many policies include this coverage for things beyond your control, such as natural disasters and fires. Some include theft, while others explicitly exclude theft.

Coverage Limits

Personal property protection does have limits. Many policies will allocate a certain percentage of the policy to reimburse you. You’ll have to pay out-of-pocket for anything that exceeds the amount the insurance company provides. Itemize valuable things in your house to make sure you have ample coverage in case something happens to your personal property.

Here at Sound Choice Insurance Agency Inc., our agents will work with you to determine how much coverage you need and ensure certain events are included. We’ll explain everything to you, ensuring you know how much coverage you have. Contact us today to learn more about personal property coverage. We’re currently serving the Lynnwood, WA area.