The last thing you want to hear after your home has been damaged or totally destroyed is “sorry, but you don’t have enough insurance, or the right insurance.” After a devastating loss, you want the assurance that you’ll be able to rebuild and make your home a home again. Our Arroyo professionals will meet with you to determine the amount of coverage you need to help rebuild the structure of your home, replace your belongings, defray costs if you’re unable to live in your home and protect your financial assets in the event of liability to others.
A standard Home insurance policy provides coverage for disasters such as damage due to fire, lightning and explosions. Yet there are factors that go into ensuring your coverage will respond, including but not limited to:
There are exposures a Homeowners policy does not cover including flood and earthquake damage. We can provide you with Flood insurance through the National Federal Insurance Program (NFIP), up to $250,000 for your home’s structure and $100,000 for your personal property. We can also provide coverage through private insurers as well as offer Excess Flood insurance to increase the limits available on a basic policy.
Earthquake insurance is available with a 10%, 15% or 20% deductible before the policy kicks in to pay for damage. Coverage will pay for repairs to the house and attached structure, personal belongings and additional living expenses.
Arroyo also recommends purchasing a Personal Umbrella policy to extend the limits provided under the liability portion of your Home and Auto insurance. An Umbrella policy will respond with an extra layer of coverage in the event of a catastrophic loss.
In addition, if you have a high-value home, please visit Arroyo’s Private Client Services.