How Home Insurance Can Cover Additional Living Expenses in Springville, UT

Posted on December 31, 2024January 7, 2025 by admin

When a disaster strikes and your home in Springville, UT becomes uninhabitable, where do you turn? The answer lies in your home insurance policy. At Elevated Insurance, we offer home insurance policies that include coverage for additional living expenses (ALE), providing a financial safety net during challenging times.

What are Additional Living Expenses?

Additional living expenses are the extra costs you incur when your home is uninhabitable due to a covered loss, such as a fire or storm damage. These can include hotel bills, restaurant meals, and other costs above your usual living expenses.

How Home Insurance Helps

Home insurance policies from Elevated Insurance can include coverage for additional living expenses. This means that if a covered disaster forces you out of your home, your policy can help cover the increased costs, helping you maintain your standard of living while your home is being repaired or rebuilt.

Understanding Your Coverage

It’s important to understand the specifics of your ALE coverage, including any limits or exclusions. Our team at Elevated Insurance can guide you through your policy, ensuring you understand your coverage and can make the most of your benefits.

Get Your Home Insurance Quote Today

Ready to protect your Springville, UT home with comprehensive home insurance? Contact Elevated Insurance today for a free insurance quote. Let us help you find the right home insurance policy for your needs.

Three signs that you need to make some changes to your home insurance coverage

Posted on September 16, 2024September 13, 2024 by admin

A consumer’s home insurance needs can change over time. Numerous scenarios exist where a homeowner could need to make changes to insurance coverage. At Doug Neil Insurance Agency, we can help you update your home insurance coverage in Clifton Park, NY.

The following are three signs that you need to make some changes to your home insurance coverage:

You’ve recently completed a home improvement project.

When you invest in home improvement, your home’s value may increase. Any increase in your home’s value could require you to update your home insurance policy coverage maximums.

After you’ve completed a home improvement project, you should consider how it has impacted your home’s value. You should also consider any additional risks you face because of the home improvement that you need coverage for. Having a pool installed, for example, can increase your liability risks, so you need to update your policy.

You’re renewing your policy.

A typical home insurance policy will be renewed on an annual basis. It’s a good idea to review your policy’s terms when it comes time to renew and think about any updates you should make.

You just got a dog.

Getting a dog makes it so that your household has additional liabilities to deal with. You will face dog bit liability expenses when you become a dog owner.

Ensure you let your home insurance provider know when you add a dog to your household.

Reach Out To Us

If you’d like to learn more about home insurance options in Clifton Park, NY, call Doug Neil Insurance Agency. We’re here to provide you with the information you need to meet your coverage needs and protect your investment in your home.

Dwelling Fire Insurance vs Homeowners Insurance: What’s the Difference?

Posted on August 30, 2024August 29, 2024 by admin

At Elevated Insurance in Springville, UT, we receive numerous inquiries from homeowners regarding the distinction between homeowner and dwelling fire insurance. Since your home is classified as a dwelling, fire insurance covers specific conditions for two types of structures. Occasionally, homes might not qualify for standard home insurance policies and may require additional coverage for unique situations and circumstances.

Homeowner’s Insurance

Traditional home insurance safeguards your primary dwelling from damages that result from covered perils, including fire-related losses to the structure of the house and the loss of possessions within it. However, the property must be your primary place of residence the majority of the year to be eligible. Your peace of mind will be significantly elevated, knowing that fire damage will be covered once you’ve satisfied your deductible.

Dwelling Fire Insurance

Dwelling fire insurance is a wise extension of your standard homeowner’s insurance coverage for homes you don’t inhabit for most of the year. This could include cabins, investment rental homes, vacation houses, and cottages. Dwelling insurance covers the cost of repair and reconstruction for the property and attached structures, like decks, enclosed and open porches, and garages.

However, dwelling insurance does not offer protection for personal belongings or liability coverage, both of which are covered under your primary homeowner’s policy. As a lovely perk, dwelling fire insurance often safeguards policyholders from hazards and occurrences that include weather-related damages (such as wind, snow, lightning, hail, etc.), explosions, and vandalism. It’s worth noting that it only covers damage from hazards explicitly listed within your policy.

Safeguard Your Property and Possessions with the Appropriate Coverage

Home insurance is necessary, but supplemental dwelling fire coverage is also important for those who own more than one property. To gain an understanding of what policies will provide the best protection for you, reach out to Elevated Insurance in Springville, UT today.