There are many areas in which a homeowners insurance policy protects homeowners and their homes.
However, the great thing about this type of insurance coverage is that it also protects other things.
The things inside the home are protected, for example.
There are choices that have to be made, though, and a lot of people aren't aware that there is a choice for the level of protection of their personal belongings.
All homeowners insurance policies give you the option to choose one of two levels, or both.
Each is described below.
1) The first level of protection is called the base level.
This is the option that comes standard with most home coverage.
It protects all of the things that every homeowner owns.
It protects all of your furniture and appliances, it covers all of your clothes, and it covers all of your electronic equipment.
So, what doesn't it protect? The more valuable things like jewelry, sporting vehicles like boats and motorcycles, and any business tools.
2) The next level is called supplemental.
This is the coverage that provides adequate coverage for all of the things that aren't covered sufficiently by the base level coverage.
The extra rates you will be charged for this level of coverage will depend upon the total value of your high ticket items.
If you do choose this coverage, make sure to insure for the full value of all your things.
Otherwise, if you ever have to make a claim, you will be out of pocket a significant amount.