West Knoxville Home Buyers: What About Homeowner’s Insurance?

knoxvillehomeownerinsuranceYou’ve heard it once, you’ve heard it million times. Something along the lines of: buying a West Knoxville home is one of the biggest decisions you will ever make. But, after you’ve made the choice that home ownership is for you and found the perfect home to fit your needs. How do you protect your investment?

Not all homeowner’s policies are created equal. So, in the event the unexpected happens whether it be natural disaster, fire, or theft, have you made the right decision to protect your West Knoxville home?

There are two types of homeowner’s insurance: basic and broad coverage.

Basic Coverage Covers the following events:

-Fire
-Storm / Hail Damage
-Explosion
-Riot and Civil Commotion
-Damage from vehicles, smoke, aircraft
-Vandalism
-Theft
-Loss of property due to fire and other perils

Broad Coverage covers the following events, in addition to what is covered by Basic Coverage:

-Falling objects
-Damage due to the the weight of ice, snow or sleet
-Leakage or overflow of water or steam from plumbing, heating, or air-conditioning system
-Collapse of all or part of the home
-Freezing of plumbing, heating, or air-conditioning systems
-Damage to electrical appliances, fixtures and wiring from short circuits or other accidents

When choosing the homeowner’s insurance for your West Knoxville home, it is important to know coverage you are getting and what events will and will not be covered. A licensed insurance agent will be able to help you choose a plan that will fit your needs and your budget. Buying a West Knoxville home is an exciting process, please let me if there is anyway that I can assist you in your West Knoxville home buying process, you can email me at Rick@TheBigOrangePress.Com or give me a call at 865-696-9002. I would love to assist you in any way that I can.

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