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A rider is an additional protection measure that can be added to your home insurance policy in Omaha, NE. These riders allow you to receive compensation after a fire, theft, etc. for items that may potentially exceed your standard policy while also expanding your overall home insurance coverage. Ed Thompson Insurance Agency would like to shed some light on common insurance riders you may want to consider.
Water Backup Coverage
Many homeowners make the mistake of assuming that their general home insurance policy will cover any kind of water and moisture damage. However, most insurers have restrictions on this type of property damage.
For instance, your policy coverage may only be limited to damage caused by a water-using appliance, burst pipe, or the like, whereas damage from a sewer, drain, or sump pump backup is not covered.
Because of this, you should consider investing in a water backup rider to ensure you are properly protected from an assortment of water-related perils.
Personal Property Protection
Your personal property is covered under your home insurance policy, but this coverage is only up to a certain amount. Therefore, if the personal items under your roof are damaged by a covered event, your policy will pay for repairs or replacement of these items up to the policy limit. In the event the damage exceeds this amount, you will need to pay out of pocket.
With that being said, if you have expensive items in your home, such as jewelry or artwork, you may want to invest in a rider that protects your personal property. You can also invest in individual riders for specific belongings.
Identity Theft Protection
No one expects to become a victim of identity theft, and if it happens to you, you will likely spend years trying to reverse the damage that occurred.
The good news is there is an identity theft protection rider that can be added to your home insurance policy to reimburse you for expenses related to undoing the damage from an identity thief. For instance, this rider can help pay for any legal expenses, deal with creditors, and replace documents.
Anything can happen at any time. If you want to ensure you are properly covered, you should speak to Ed Thompson Insurance Agency, serving Omaha, NE, about a comprehensive home insurance policy that includes the necessary riders based on your individual situation.
