Month: November 2023

Your primary home insurance policy offers a good deal of protection, but there are certain incident damages and property theft situations that it won’t cover. This is where ad-ons (aka riders or endorsements) can fill any potential coverage gaps. Our experts at Fenzl Insurance Agency in Hamburg, NY detail the top three home insurance add-ons owners may need.

Top 3 Home Insurance Add-ons

1. Equipment Breakdown Coverage for Homes

Equipment Breakdown Coverage (EBC) is more commonly known as appliance coverage, but it also covers electronics, HVAC systems, home gym setup,s and more. With the costs of replacements these days, EBC can be very useful for homeowners. However, there are exclusions, such as pool and spa pumps and other devices, but other add-ons are available to cover damage to pools and other high-cost equipment.

2. Incidental Water Backup Coverage

Investing in Water Backup Coverage (WBC) this add-on helps homeowners enjoy adequate protection from water damage. While it doesn’t cover flooding due to acts of God, it does cover damage to belongings and floors should a pipe leak or the sump pump back up. Note, the pipe itself isn’t covered, just damage for affected possessions.

3. Extended Reconstruction Cost Ads-on

As the cost of construction materials and labor gets higher, it can cost more to rebuild a home than the basic insurance valuation. This could be financially disastrous should the structure suffer complete destruction or non-reparable damage. An Extended Reconstruction Cost (ERC) add-on covers a specific percentage beyond basic coverage when costs are higher than expected.

Reach Out To Us

Your home and its contents are likely precious to you, and keeping them protected is essential. Go the extra mile and get any add-ons that may prove useful in saving you money. Talk to one of our experienced insurance agents at Fenzi Insurance Agency in Hamburg, NY to get solid advice and great rates.