Common Home Insurance Endorsements
Standard home policies may not always offer comprehensive coverage for every scenario. This is where endorsements come into play, offering additional protection tailored to your specific needs. Let's explore some common home insurance endorsements that can enhance your coverage:
- Scheduled Personal Property
- Allows for high value items to be insured for their value
- Provides broader coverage for these items
- Water Backup and Sump Pump Overflow
- Provides coverage for damages caused by water backing up into your home through sewers & drains
- Includes coverage for remediation, repairs and damaged personal property
- Home Cyber Coverage
- Provides coverage for cyber attacks, cyber bullying, ransomware, cyber extortion and more
- Extended Replacement Cost
- Provides increased Dwelling coverage limits by a certain percentage
- Guaranteed Replacement cost may also be available
- Home Business
- Provides coverage for home based business that are excluded from a standard home policy
- Equipment Breakdown
- Provides coverage for damage or loss caused by failure/breakdown of specific equipment in the home
- Equipment examples: heating equipment, air conditioning, refrigerators, portable appliances such as dishwashers, washing machines, etc.
- Service Line Coverage
- Provides coverage for excavation and repair of underground wiring and piping
- Service lines can include waste disposal, water pipes, underground power and electrical lines and telephone and cable lines
- Ordinance or Law
- Provides coverage for expenses associated with bringing your home up to code in the event of a loss
Consult with your insurance agent at Finlan to determine which endorsements are right for you. Submit a request to review your policy here or call us at 734-453-6000 today!
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