“Congratulations on your first home purchase!
Aside from ensuring you are adequately covered, you will also want to thoroughly read the exclusions portion of your policy and learn what type of losses are not covered.
All policies have the standard exclusions of:
- Wear and tear
- Pest infestation
Here is a list of common exclusions that are not as well known:
- Certain dog breeds
- Home-based business
- Intentional damage
- Water damage from a sump pump
- Power failure
- Ordinance and law
The nature of a condo policy is different from a homeowners policy. A condo policy covers the studs on in as your dwelling. The master policy carried by your homeowners association should cover from the studs on outward.
Speak with your condo board president about what the master policy covers and if you will need to add any additional coverage to your policy.
Whenever you have big life changes, it is a great time to re-shop both your home and auto insurance
policies. By bundling both your auto and home insurance together, you can save with a multi-line discount
Use the free Jerry
app to help make this happen! Jerry collects auto and home quotes from over 50 companies and brings the lowest available rates
right to your phone.”