If you have ever purchased any insurance policy, then you’ve probably come across an “insurance rider,” and there are a lot of different questions about these riders. Insurance riders are the perfect way to get additional insurance coverage that isn’t offered under a standard homeowner’s insurance policy.
When you’re shopping for coverage, there are dozens of different factors that you will need to consider to ensure that you’re getting the best plan to meet your needs. We know that getting the best homeowners insurance plan can be a challenging and confusing task, but that’s why we are here to help. At Longevity Brokers, It’s our mission to ensure that you’re getting the perfect insurance plan to protect your home and everything inside of it.
Do You Need a Homeowners Insurance Rider?
There are several different kinds of riders that you can add to your standard policy. Depending on your home and your property, it’s important that you take a hard look at these riders to decide if you need to purchase of these to add to your plan.
One of the most common riders that policyholders add to their plans is Theft Coverage Protection. As you can guess from the name, these riders will give you additional coverage for burglary and theft. A standard homeowner A typical homeowner’s insurance plan only offers a low threshold on damages or loss because of theft. If you were to have someone break in and steal your property, your insurance policy might not have enough coverage, but that’s where this rider comes in.
Another common rider that people add to their coverage is a home business coverage. A standard policy will not protect any property or goods that you use if you work out of your home. More and more people are starting to work from home, and the majority of homeowner’s plans are not going to cover any business related property, which means you would be responsible for paying for any of those bills yourself. This rider will cover anything like your computer, your business equipment, or any goods that you sell through your business.
Another supplemental rider that you should consider based on your home is a sewer or drain back up rider. This type of coverage is pretty straightforward. If a sewer backs up, it can cause devastating damage to your home, but it’s typically excluded from most insurance plans, but that’s where these riders come in. It will give you protection if you ever have damage related to sewers or drainage pipes.
Guaranteed replacement cost rider is another rider that we get a lot of questions about. It can be a confusing type of coverage, but it can also be extremely beneficial. This rider will ensure that you get the replacement cost of your home.
These are only three of the different riders that are available. Every insurance company is different, and all of them are going to have different riders that they offer. If you are looking to add riders to your homeowner’s insurance policy, then you will need to contact your insurance company to see the supplemental coverage that they offer. There are a few stand-alone plans that you can buy, but these plans tend to be more expensive than if you purchase a rider with an existing policy.
If your insurance company doesn’t offer the riders that you need, you can switch companies to get the coverage that you want. That’s where our Longevity Brokers agents come in. We work with plenty of companies that offer all types of riders and coverage. If you want to switch companies to get more comprehensive coverage, please contact our agents as soon as possible. Our clients are often surprised to see how affordable a new plan can be, even with additional coverage.
Homeowner’s Insurance Policy
When you’re shopping for the best homeowner insurance, it can be an overwhelming process looking at all of the riders and terms that you don’t understand. But, that’s why we are here to help. We are experienced agents that work with dozens of companies to ensure that you’re getting the best coverage for you and your home.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance coverage for your home. One of the most common reasons that policyholders assume that adding additional riders is going to make their policy too expensive, but in most cases, that couldn’t be further from the truth. There are plenty of ways that you can get affordable homeowner’s insurance to protect your home and everything inside of it.
In fact, there are several ways that you can lower your insurance premiums to keep more money in your pockets, even with additional riders. Don’t let insurance rates keep you from getting the home insurance coverage that your family and loved ones need.
If you have any questions about homeowner’s insurance or about the differently available riders, please contact one of our agents today. We would be happy to answer those questions and connect you with the best plans available. Not only can we help you protect your home, but we can also give you affordable auto insurance or quality life insurance. It’s our mission to protect every area of your life. If you have any questions, you can use our contact form or give us a call at (720) 209-4598.