Fill your coverage gaps with these home insurance riders.
A policy rider is a form of supplemental insurance that can be added to an existing insurance policy. When you add a rider to your homeowners insurance, you can fill potentially dangerous coverage gaps. Here are some of the home insurance policy riders that you should consider securing.
- Earthquake Coverage
Standard homeowners insurance will not offer coverage for the damages caused by an earthquake. The only way to secure this coverage is with an earthquake policy endorsement. This additional form of insurance will offer coverage for the repairs that your home and the additional structures on your property may require after an earthquake. This coverage will also pay to bring your home up to current building code and other expenses such as debris removal.
- Sewer Backup
A sewer backup can cause considerable water damage to your home and can also pose a major health risk to your loved ones. Unfortunately, standard home insurance will not cover the cost of dealing with sewer backup damage. However, by securing a sewer backup policy rider, you can secure coverage for water damage and remediation efforts.
- Home Business Endorsement
If you are running a business out of your home, your insurance will not cover anything related to your business. Rather than securing a totally separate business insurance policy, many home insurers offer the chance to secure a home-based business insurance endorsement to cover your business’s equipment, supplies, and legal liability.
These are some of the supplemental home insurance coverages that you should consider securing. Do you have questions about your home insurance policy riders? For assistance with all your coverage needs, contact an insurance professional at Westwood Insurance Agency today.