When you buy a home, it represents your hopes and dreams. Homeowners understand that the best way to protect their investment is to buy home insurance. If your home is near Hershey, PA, our team at Options Insurance Agency can help you to choose the best home insurance options. We’ve been working with homeowners like you since 2006.

Do You Know About the 80% Rule? 

One consideration in your purchase of home insurance will be your policy’s amount of coverage. According to Flood & Peterson, most insurance companies follow a guideline known as “The 80% Rule.” This guideline states that adequate coverage for your home should amount to at least 80% of your home’s total replacement value.  That value is based on the cost of replacing your home, from the ground up, using current costs for materials and labor. 

A discussion with one of our experienced agents can help you to better understand how to apply this 80% Rule to your policy.  If your policy’s coverage is less than the 80% guideline, and your home is damaged, your insurance carrier may reduce the amount of your insurance claim payment. You would then be responsible for the rest of the amount needed to repair the damage to your home. Any of our experienced agents can help you to understand how this rule will affect your policy. 

Call Us Today for Your Appointment 

There are many other vocabulary terms related to home insurance. Our team at Options Insurance Agency can help you understand those terms well enough to make an informed choice. Homeowners in the Hershey, PA area are ready to spend the time you need to evaluate your home insurance options. Give us a call today, and help us to help you protect your investment. 

 

 

You’ve worked hard for your home and your swimming pool. Now is the time to protect it. A protective swimming pool fence will help. Home insurance is even more important.

Swimming Pool Coverage 

For the most part, home insurance covers damage to swimming pools. However, the specific language of your home insurance policy ultimately determines coverage.

Take a close look at the small print of your home insurance policy to determine if your swimming pool is considered a component of the home. Some policies contain language stating a policyholder’s pool falls under the umbrella of “other structures” coverage.

Damage to the Pool

Most home insurance policies contain language stating the home and other structures are insured when a covered event occurs. Such perils typically include hail, harsh winds, fire, vandalism and lightning.

As an example, consider a situation in which nasty winds in Hershey, PA knock a tree into the pool, causing damage to the liner.  In such an instance, home insurance would likely be applicable to cover ensuing repairs.

However, there are some exceptions.  As an example, earthquake damage isn’t always covered in conventional home insurance policies. If such a quake causes a shift in the ground and damage to the pool, it might not be partially or fully covered.

When in doubt, check the small print of your home insurance policy. You’ll likely find details about covered events and covered structures such as swimming pools. If you can’t find the specifics, reach out to Options Insurance Agency for guidance.

Get Your Quote Today

Options Insurance Agency is here for everyone in Hershey, PA.  If you are considering home insurance, dial 1-800-929-6977 for a custom-tailored quote.