Before purchasing insurance protection for your Parma, OH home, take time to learn the facts about coverage, deductibles, and premium costs. This knowledge will enable you to make good insurance decisions. The following home insurance facts compiled by Capretta Insurance Agency give you a better idea of how home coverage works to protect your property.

• Fact #1 – Standard home insurance policies offer basic protection in the form of dwelling, property, and liability coverage. Dwelling coverage protects your home structure. Property coverage protects your belongings. Liability coverage would protect your financial assets from lawsuits if someone were to have an accident on your property. 
• Fact #2 – Most policies offer protection against theft, vandalism, fire, and natural disasters like tornadoes, rainstorms, lightning strikes, and winter storms. Home insurance doesn’t, however, cover flood damage. For protection against the risk of floods, you’ll need to purchase a separate flood insurance policy.
• Fact #3 – Home insurance can be customized to suit your individual need. You can select the type and amount of coverage you want to protect your home and valuables. Your dwelling coverage should be enough to rebuild your Ohio home if it’s destroyed by fire or natural disaster. Property coverage should match the value of your belongings to protect these items fully. 
• Fact #4 – When insuring your goods, you can choose between actual cash value or replacement cost coverage. Actual cash value reimburses you for the cost of damaged goods after taking off for depreciation. In contrast, replacement cost coverage replaces your goods outright at today’s costs. In both cases, you’ll have to meet your deductible first.
• Fact #5 – Home insurance is the most practical, affordable means of protecting your home and belongings. 

To purchase your home policy, contact Capretta Insurance Agency in Parma, OH today.