California law does not require the possession of a homeowner's insurance policy, but lenders require coverage when a home is still financed. At the Michael Comer Agency, we provide a variety of insurance packages, including customizable home insurance options. We can help identify the base level of coverage you need in the Golden State and then review any necessary add-ons to your policy.
At the Michael Comer Agency, we match you with the best policy by assessing base coverage needs for your structure. When you have a financial reserve, actual cash value coverage is an option. It provides you with the value of your assets less depreciation expense. A replacement cost policy will allow you to replace the property up to a maximum dollar amount while extended replacement cost options provide the same while taking into account price hikes for materials or construction costs, an important consideration in a high-cost state.
Basic homeowner's insurance policies include coverage for wildfires, but in a high-risk location, the coverage can also carry additional requirements. Wildfires, however, are only one natural disaster in California. Another major disaster — the earthquake — is an add-on to the traditional home policy.
In addition to protecting the home itself, insurance policies often cover personal belongings up to a set dollar amount of value. Homeowners can kick up the coverage amount with a floater. Choices also include opting for replacement cost insurance for items or actual cash value coverage which pays the value less depreciation — the default option without a customized plan.
At the Michael Comer Agency, we can review all of your needs and develop a personalized insurance package for your home including additional coverage for earthquakes. Stop by or call today to get started. You can also use our free online rating tool to obtain a quote.