There is no such thing as a one-size-fits-all homeowners insurance policy. This is because each property and each homeowner are different. Consequently, purchasing a cookie-cutter insurance policy could leave you paying for coverage you don't really need while also leaving you with a lack of coverage in areas that matter most to you. Thankfully, with the help of a reputable insurance agent and the availability of insurance add-ons, it is possible to create a truly customized policy that meets all of your specific needs. Below you will learn more about some of the different types of add-on coverage that you may wish to purchase as part of your homeowners' insurance policy.

Flood Coverage

If your home is located in an area that is prone to flooding, you may find that a standard homeowners' insurance policy does not offer adequate coverage for flood-related damage. Repairing significant water damage to your home can quickly become an expensive task. If your home is at an increased risk of flooding, you will want to consider this type of add-on protection.

Home Business Coverage

Standard homeowners' insurance policies do not provide coverage for items in your home that relate to a home-based business. Thankfully, you can make sure these items are covered without the need to purchase an additional business insurance policy by simply purchasing add-on coverage for your existing homeowners' policy. This will allow you to make sure that things such as home office equipment are covered in case of theft or damage.

Siding And Roof Restoration Coverage

Standard homeowners' insurance policies typically offer repair coverage for siding or roofing that has been damaged. However, this basic coverage does not allow for the total replacement or restoration of these exterior features if matching materials cannot be located in order to make minor repairs. This can leave you with a section of siding or roof that does not match the rest of your home. With this type of add-on coverage, you will be able to fully replace your home's siding or roofing materials if matching materials are not available for needed repairs.

Underground Wiring Coverage

Underground wires such as cable or fiber-optic wires are often buried underground on your property. While you may not be responsible for placing those wires on the property, you will be responsible for repairing or replacing them if they become damaged. This type of damage is often caused by tree roots and other conditions outside of your control. With this type of add-on coverage, you can easily avoid paying for any necessary repairs out of your own pocket. 

Contact a local insurance provider to learn more about homeowners' insurance policies.

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