Home Insurance

How much home insurance do you need?

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A good home insurance plan in Youngstown, OH works so that you only have to worry about rebuilding after devastation hits your family. You do not have to concern yourself with many financial aspects when you have the right insurance plan.

The agents at Ruddy Insurance Group understand the consequences associated with tragedy. They can, therefore, help you find the homeowner’s insurance plan that works best for your family. Read on to get a better understanding of how much home insurance you may need. 

The basics of coverage

The best home insurance plans replace your possessions as well as the structure of your home. Excellent policies also pay for personal injuries that occur on your property and reimburse living expenses associated with relocation. You may want to consider purchasing more coverage if your home insurance policy does not provide these things. The last thing that you want is to get caught in a natural disaster while underinsured in Niles, OH. 

The details of coverage

Your dwelling coverage should be enough to purchase a new home of equal or greater value to the property that you presently own. It can be challenging to calculate the replacement cost of your current home, which is why the agents at Ruddy Insurance Group are here to help. As a general rule of thumb, you should factor in new building codes in your area as well as the rising costs of building structures from scratch when determining replacement costs. 

Another factor associated with a good homeowner’s insurance plan is personal property. While there are items that are simply irreplaceable, your plan should at least offer a workable payout amount for sentimental possessions. Consider a umbrella policy if you have highly valuable items. You can discuss this with an agent.

Call us today!

We know home insurance plans and are eager to help you find the right policy in Youngstown and Niles, OH. Call us today to get started with a quote!

How to Do a Home Inventory for Insurance Purposes

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It can be hard to remember everything that was in your home after a disaster strikes, which is where a home inventory comes in handy. An up-to-date inventory makes your claim process more manageable and can also help make sure you have enough coverage, to begin with. An agent at Ruddy Insurance Group in Youngstown, OH can also help you with conducting an inventory and suggests the following:

  • Use Technology: Technology can make the process easier. Take a photo of individual items and then label where you bought it, as well as the make, model, and any other information that is useful. You can also walk through the home and videotape the contents while you describe them. Many mobile apps will give you options to help you create an inventory, and you should go room by room so you won’t forget anything.
  • Start Somewhere Easy: A contained area, like an equipment closet or kitchen, is an excellent place to start so you don’t get overwhelmed.
  • Include Basic Information: When recording your inventory, make sure that you include the basic information of what you will need when filing a claim. Serial numbers are always a useful reference and can be found on the back or bottom of appliances and electronics. Keep any proof of value, such as recipes or appraisals.
  • Don’t Forget Off-site Items: Any items you keep in a storage facility will be covered under your homeowner’s insurance, so be sure to include these items in the inventory.
  • Count Clothing by Category: Include things like "three pairs of sneakers" or "six pairs of jeans" to make it easy, and note any pieces of clothing that are exceptionally valuable.
  • Keep It Up to Date: Add any significant purchases while they are still fresh in your mind. Store copies of the inventory outside the home and, if you are using an app, make sure that you know how to access the information and when a backup is needed.

Contact Ruddy Insurance Group, serving Youngstown, OH, to get a quote on home insurance.