What special coverages or “endorsements” should I consider?
Backup Of Sewers And Drains – This is coverage for damage done to your home and personal property due to water backing up through the drains or sewer system of your home. If you have a finished basement this is a very important coverage. Every company provides this coverage in different limits and different costs. Earthquake – This provides coverage for damage due to an earthquake. The coverage is usually very inexpensive. There is a separate deductible for earthquake damage. Usually the deductible is between 2% and 5% of the policy limit for each coverage. Home Replacement Value – This guarantees that the company will pay whatever it costs to restore or replace your home. There are certain requirements that must be met to obtain this coverage. This is not available for all homes. Scheduled Personal Property – This provides special form coverage for specifically listed items, often with no deductible. It is usually used for jewelry, furs, cameras, musical instruments, silverware, fine
