Nationwide Insurance Tennessee
AmeriAgency – Nationwide Insurance in Tennessee
Ameriagency is one of the larger Nationwide agencies in Tennessee. AmeriAgency has grown because we deliver the best insurance processes and service to our customers.
Home Insurance Fundamentals
Know the value of your home and belongings
The 2 main factors to consider when calculating the amount of homeowners insurance to get are your house itself and the personal belongings you keep there.
Estimate the cost of rebuilding your home
It’s a terrifying thought, but imagine if a covered incident were to destroy your entire house. When thinking about how much coverage you want to select on your policy, it’s important to make sure the amount of dwelling coverage is at least enough to cover the current cost of rebuilding your home (and not necessarily what you actually paid for it).
The cost of rebuilding your home after a disaster is typically higher than what it cost to build it the first time around. This is due to a number of factors, including the inflated cost of materials used, a higher demand for construction in the area (if a major storm hit other houses besides yours), and others. Remember call AmeriAgency – Nationwide Insurance in Tennessee at 888-851-5572.
Take an inventory of all of your belongings
Most home insurance policies provide protection for belongings in your home such as furniture, electronics, appliances, and more. Coverage for your personal property is typically 40 to 75 percent of your dwelling coverage. The amount of coverage you choose should depend on how much you own, what your items are worth, and if you have insurance riders for higher-ticket items.
Of course, your items vary in terms of value and replacement cost. The best way to estimate how much personal property protection you need is to take a home inventory. If your home is ever burglarized or hit by a fire, it helps to have enough coverage to replace all of your personal belongings. Remember call AmeriAgency – Nationwide Insurance in Tennessee at 888-851-5572.
Consider looking beyond default coverage limits
A home policy provides coverage for more than just your house and belongings, like structures unattached to your main house and additional living expenses (for up to 12 months) if you’re forced to live somewhere else after a covered incident.
These coverages can be invaluable if disaster strikes, but it’s good to note that the default coverage limit for other structures insurance is typically 10 percent of your dwelling protection. However, you can always choose to increase or decrease your limits as your needs change.