Why Liability Coverage Is A Significant Part Of Home Insurance Policies

Dobbs & Braddock Inc serves the Atlus, OK community and surrounding areas. We help our clients obtain the necessary coverage to manage life’s risks and live comfortably. It’s important to have the right insurance coverage during emergency situations so that you will have a safety net. We offer our clients several policies, so they will be covered regardless of the issue. Providing excellent customer service is a priority. We look forward to assisting you with your coverage needs.

Why Liability Coverage Is A Significant Part Of Home Insurance Policies

Home insurance covers your Atlus, OK property. You are covered if there is damage to the structure of your home due to severe weather or an accidental fire. You are also covered if your possessions inside the home are stolen or vandalized. Home insurance also covers any detached structures on your property such as a shed, fence, or garage. You can amend your policy to add alternative living coverage. Alternative living coverage protects you if you have to stay somewhere else temporarily until your home is repaired due to serious damage.

Liability coverage is a significant part of your home insurance policy. Accidents can occur at any time. Imagine one of your guests slips and falls in your backyard, spraining their ankle. Perhaps they fall down the steps. Liability coverage will assist with the injured party’s medical treatment. Liability coverage also protects you against accidental property damage. Perhaps you are cutting a tree outside, and it falls over on your neighbor’s property. Liability coverage will protect you in that situation as well.

Dobbs & Braddock Inc Will Help You Protect Your Assets

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4 Popular Myths About Home Insurance

While nearly all homeowners in the Atlus, OK have insured their homes, there are many misconceptions around home insurance. You’ve probably come across numerous information when shopping for your home insurance — both helpful and not so helpful information. But how do you know what’s true? At Dobbs & Braddock Inc, we have broken down four common myths about home insurance to equip you with correct information. 

  • Home insurance is not worth the expense: Do you know that one event is enough to wipe out your entire investment? Why then should you not safeguard your home? If anything damages your home, you will be glad you had insured your home. Otherwise, you will have to finance the repairs or rebuilding from your pocket. 
  • Home insurance only protects your belongings and property: The truth is that home insurance protects more than your belongings and property. For example, it provides liability coverage, including bodily injury and property damage to other people. Besides, it covers additional living expenses when a covered peril destroys your home. 
  • Home insurance isn’t required: While homeowners insurance is not required by law, mortgage lenders require home insurance before advancing the loan. 
  • Home insurance covers everything: While home insurance covers most perils, it has exclusions. Typical home insurance doesn’t cover damage resulting from pest infestation, normal wear and tear, war, and flood damage. Additionally, home insurance provides little protection for high-value items like art, jewelry, and silverware. 

To be on the safe side, talk to your home insurance agent to understand what is covered and not covered to avoid surprises when the unexpected occurs. 

Home insurance in Oklahoma

As you can see, there are many myths surrounding home insurance. However, shopping for one with the help of a professional will help a great bunch. Please contact Dobbs & Braddock Inc for affordable coverage that suits your need. Additionally, we are a call away to help you bust all home insurance myths that come your way.