Home insurance policies specify the perils they cover and do not cover, and they also detail their coverage limits, which is the maximum amount they will pay for specific losses. Base insurance policies are one-size-fits-all, but in many cases, you can extend the policy by adding riders – also called amendments, endorsements, or floaters – to cover additional perils or increase your claim limits. Choosing the right riders helps tailor the policy to your needs. If you need help with your home insurance, contact IAL Insurance, serving the Indianapolis, IN community.

Common Home Insurance Riders

While homeowners pay extra for riders, they are often a good investment since they help you obtain insurance that fits your unique circumstances. Many homeowners find the following riders valuable:

Water and Sewer Backup

Since home policies often do not cover water and sewer damage to your home, adding this rider ensures you are protected.

Underground Service Lines and Equipment

Standard policies do not cover your home’s water, sewer, or cable lines; neither do they cover electrical, plumbing, or HVAC systems. However, you can add this coverage.

Scheduled Items

You should consider a scheduled items rider if you own jewelry, antiques, or collections worth several thousand dollars.

Guaranteed Replacement

Policies generally pay the depreciated value of your assets, while this rider ensures the insurance company pays the full cost to repair your home.

Identity Theft

This rider covers lost wages and out-of-pocket expenses resulting from identity theft.

Business Assets

Those with home-based businesses need this rider or commercial insurance.

The IAL Insurance Difference

Riders add protection that fits your assets and the risks you prefer to avoid. IAL Insurance, serving the Indianapolis, IN, community, will create an insurance plan tailored to your needs. Stop by our office today or call (317) 376-0500.