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http://www.RigleyRealtyGroup.com Yuba City Homes for Sale, Yuba City Realtor Mike & Jennifer Rigley discuss Yuba City Real Estate For Sale - Yuba City Home Buyers Blog -- 5 Things to Know about Homeowners Insurance

Yuba City Realtor and Yuba City Area Specialists Mike & Jennifer Rigley here bringing you the latest Yuba City Real Estate Information. Thank you for joining us. Today let's talk about the 5 things you should know about homeowners insurance.

Lets get started:

1. Know about exclusions to coverage. For example, most insurance policies do not cover flood or earthquake damage as a standard item. These types of coverage must be bought separately.

2. Know about dollar limitations on claims. Even if you are covered for a risk, there may be a limit on how much the insurer will pay. For example, many policies limit the amount paid for stolen jewelry unless items are insured separately.

3. Know the replacement cost. If your home is destroyed you'll receive money to replace it only to the maximum of your coverage, so be sure your insurance is sufficient. This means that if your home is insured for $150,000 and it costs $180,000 to replace it, you'll only receive $150,000.

4. Know the actual cash value. If you chose not to replace your home when it's destroyed, you'll receive replacement cost, less depreciation. This is called actual cash value.

5. Know the liability. Generally your homeowner's insurance covers you for accidents that happen to other people on your property, including medical care, court costs, and awards by the court. However, there is usually an upper limit to the amount of coverage provided. Be sure that it's sufficient if you have significant assets.

Need help finding that perfect place to call home? Call us today at 916-378-4671 for a free no obligation consultation or log on to http://www.RigleyRealtyGroup.com to start your on-line home search now. Call us today -- you'll be glad you did.