Insurance Coverage for Your Home Essentials

Ever wonder why you need insurance for the stuff you love at home? It’s not just about the house walls – it’s about your sofa, curtains, rugs and even that pricey duvet. If something goes wrong, the right coverage can save you from a big bill.

What Types of Coverage Matter?

Most homeowner policies include two main parts: dwelling coverage for the structure and personal property coverage for everything you bring inside. Personal property coverage is what protects your furniture, kitchen gadgets, bathroom accessories and décor.

Look for a policy that lists a named per‑item limit for high‑value items. That means you’ll know exactly how much you’ll get back if your designer sofa gets damaged. Some insurers also offer scheduled personal property – you add a separate line for items like a $400 rug or a $1,200 duvet set, and you pay a small extra premium for full protection.

How to Make Sure You’re Covered

First, take inventory. Snap photos of each room, write down the make, model and purchase price of big items. That list becomes your proof if you need to file a claim.

Second, compare the "actual cash value" (ACV) and "replacement cost" options. ACV pays you what the item is worth after depreciation – a five‑year‑old sofa might only bring half its original price. Replacement cost covers what it would cost to buy a new one of the same kind, which is usually better for most people.

Third, check the deductible. A higher deductible means a lower premium, but you’ll pay more out‑of‑pocket if a claim comes up. A $500 deductible works for many households, but if you’re comfortable with a $1,000 deductible, you could save a few pounds each year.

Finally, ask about add‑ons. Flood coverage, accidental damage, and even pet damage clauses can be added to a standard policy. If you have kids or pets, those extras might be worth the cost.

Remember, insurance isn’t a one‑size‑fits‑all. Review your policy every year, especially after big purchases like a new couch or a set of luxury curtains. Updating the coverage keeps you protected without over‑paying.

Bottom line: a solid homeowner policy protects your roof, but the right personal‑property coverage protects the things that make your house feel like a home. Take a few minutes to inventory, compare options, and you’ll sleep easier knowing your favorite décor is safe.