Discounts are available if you have higher deductibles, smoke detectors, sprinkler systems, fire extinguishers, dead bolt locks, hurricane shutters, or laminated glass.
The policy comes with a deductible that you can request to be higher or lower and there are windstorm, or hurricane deductibles for policies issued in certain areas.
The rates are affected by local fire protection, age and type of building, and use of the building.
The rates are affected by the kind of construction, such as brick vs. frame.
Mold damage is covered if it is due to a covered event. Many policies have a mold limitation for the payment of remediation services. Your policy has to be reviewed for the specific language.
The building and its’ contents are covered for the named perils. If it is an all risk policy every event is covered except for listed exclusions.
Some exclusions include flood, wear and tear, earth movement and acts of war.
Certain items such as computers, silverware, jewelry, guns, money, securities and others listed have monetary limitations. You maybe be able to buy a rider for these items.
You can purchase an umbrella policy, or rider, if available; flood coverage through the National Flood Insurance Program in many communities, higher levels of liability coverage, lower deductibles, earthquake, coverage for business pursuits on the premises. Just ask the producer concerning any type of coverage you may need.
An umbrella policy or rider provides additional higher limits for liability coverage for your home, auto and watercraft. It may also provide coverage for events not covered by your homeowners policy.