You already know that you need home insurance to protect yourself financially. But did you know that standard coverage might not be enough? For those with unique situations, there is an option to extend your policy to meet your needs. Called a rider, it is a good way to tailor your coverage appropriately.
Not sure what this means? Thankfully, our team at All-Tex Insurance has you covered. Here’s what you need to know about home insurance riders.
What is a Rider on a Homeowners Insurance Policy?
A home insurance rider is essentially an amendment to your basic property policy. It allows you to extend your coverage for a specific reason, such as owning items that are more expensive than usual or having certain circumstances that go beyond the typical home in your area.
For example, if you have a large jewelry collection or own several antique rifles, you might need riders to ensure they’re covered in the event of a loss. Those with electronics, computers, or other items with a higher than normal value should have a scheduled personal property rider on their home policy.
Other situations where riders are useful include coverage for identity theft, building code upgrades after a total loss, or even business property coverage if you work from home. Each carrier offers different riders, so check with your agent to see which ones are available for your policy.
Why You Need to Talk to Your Agent About Getting a Rider
Your insurance needs are unique. By speaking directly to your agent, you can find out which riders apply to your specific situation. From there, they’ll be able to tell you what ones are worth adding and which ones you need to skip.
Are you looking for quality home insurance coverage in Granbury, TX? Please contact our All-Tex Insurance team to receive a no-obligation quote.