Many homeowners don’t realize how crucial it is to have a comprehensive property insurance policy in place. Without one, you’re liable for any damage occurring to your home, which can entail exorbitant loss and repair costs. Tim Bryan Insurance of Andalusia, AL, urges clients to assess their coverage needs to ensure they have sufficient protection against all the risks they face.

What Property Insurance Covers

It can be difficult to determine what a property insurance policy covers. And, as a result of a misunderstanding, homeowners may believe an occurrence is protected when it’s not. While sudden and accidental incidents are usually included — like theft and damages caused by tornadoes, hurricanes, and fire — there are several overlooked perils.

For instance, any damage caused by earthquakes and flooding typically call for a separate policy designed for these specific purposes. Issues occurring over time — like mold growth and problems of wear and tear — also tend to require their own additions.

Who Needs It?

The terms of many mortgages stipulate that such a policy must be in place. Depending on the state in which you live, liability coverage may also be necessary, which offers protection against lawsuits coming from third parties who get hurt on your property. Regardless of these requirements, however, all homeowners benefit from a property insurance policy to protect themselves and their investments against worst-case scenarios.

Are you looking to expand your coverage? Whether you’re researching quotes or want to discuss a comprehensive plan that will best protect your valuable assets, turn to Tim Bryan Insurance in Andalusia. He helps local clients cover everything from vehicles to homes by offering a range of products. He’ll work with you to tailor your property insurance plan to your needs and situation. Contact this widely-respected agent today by calling (334) 222-1460 and schedule an appointment.