Your home in Collierville, TN is one of your biggest investments, if not your biggest. You are probably depending on having your home until retirement, or at least using the principle when you decide to move. That is why protecting your home is so important, for you and your family.
At Brock and Poole Insurance Agency, you can find a homeowners policy that will suit your needs. You will need to make sure that the value of your home and all the possessions inside are covered, including your furniture, clothing, and appliances.
But what happens if you get a roommate? Since your policy covers all your possessions inside your home, will it also cover your roommate’s?
Your insurance policy is a contract, and the terms of the contract are spelled out clearly. If your roommate is not named as someone who is covered under the contract, his possessions will not be covered. In fact, your roommate will probably be considered a renter.
He will also not be able to take advantage of other benefits of the insurance policy. For instance, if someone tries to sue your roommate because of an injury caused by the roommate on your property, the insurance company will not provide counsel or pay out on the claim. Also, if a catastrophe were to happen which caused you to not be able to live in the home, like a fire, temporary accommodation will not be offered to someone who is not on the policy.
If you have a home in Collierville, TN and have any questions about homeowners or renters policies, please feel free to contact Brock and Poole Insurance Agency today for a free evaluation and quote.