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HOME PROTECTOR PLUS GEICO TV

You can read all about my quote-gathering adventures in my in-depth Liberty Mutual review.

My own Liberty Mutual quote ($237) happened to be higher than both local and national averages. My basic Liberty Mutual quote was considerably higher than the NAIC’s national average.

My advice would be to explore your options. Will Liberty Mutual’s $15,000 in legal fees coverage tempt you away from a top identity theft protection plan that covers you for up to $1 million? That’s your call.

Identity theft restoration: Identity theft is a hot topic these days, mainly because it’s such a profitable business for thieves.

2 If your family is among this group, paying an extra buck or two on top of your Liberty Mutual premium for what’s essentially accident insurance for your gadgets might make sense.

Home computer and smartphone: The average U.S.

This is a nice safety cushion for households with serious valuables.

Jewelry: If you add blanket jewelry insurance to your Liberty Mutual HO-3, you won’t need to pay a deductible, or even get an appraisal, in the event of theft or loss.

Liberty Mutual’s water damage add-on protects your wallet from the potentially thousands of dollars in bills you may need to pay if a municipal sewer or drain gets clogged and wreaks havoc on your property.

Water damage: Usually, insurance providers call this “water back-up” coverage to avoid confusion with rain or storm damage.

Hurricane and earthquake coverage is extra, however, and so is flood insurance, which you can purchase through FEMA.

Earthquake and hurricane insurance: Your Liberty Mutual policy will cover wind and hail damage, but you may need a separate deductible if you live in a high-risk state.

Possessions coverage (replacement cost): If you raise your premium a bit and cover your stuff at replacement cost value (RCV), Liberty Mutual would cut you a check for whatever your things cost new today, not what they cost to buy used.

You can also score a discount on your premium if you tack this coverage onto your Liberty Mutual home insurance plan (more on this below). Inflation protection covers that difference. If you cover your home for $200,000 and then, in three years’ time, you have to rebuild after a fire, you might be in for a shock when rebuilding it costs $230,000 because prices have gone up.

Home Protector Plus (inflation protection): This isn’t macroeconomics.You can build out your Liberty Mutual homeowners policy with add-ons like inflation protection. Liberty Mutual will foot the difference between your normal cost of living (mortgage, gas, and groceries) and the bills for your temporary accommodation (hotel, apartment, restaurants, etc.). Loss of use (living expenses): Say that your home is unlivable while you’re repairing or rebuilding it - or because your neighborhood is inaccessible for any reason.Coverage includes court costs in the event of a lawsuit. 1 Liability insurance ensures you’re covered if you or your family (including pets!) damages your property or if any guests on your property get hurt.

Liability: They may not happen as frequently as theft or weather damage, but accidents in or around our homes aren’t once-in-a-blue-moon events.

HOME PROTECTOR PLUS GEICO TV

You’d have to pay the balance out of pocket to get your TV back. With ACV coverage, Liberty Mutual would give you $500 to buy a new TV. Its value today, after 24 months in your living room entertainment center, is closer to $500. Too much jargon? Let’s say your 4K Ultra HD TV cost you $2,000 two years ago. Possessions: Standard possessions coverage with Liberty Mutual is actual cash value (ACV).FYI: Wind and hail are considered an extra deductible with Liberty Mutual. Coverage includes damage or loss from fire, water, certain types of weather, theft, and vandalism. Property and other structures: Liberty Mutual home insurance policies cover damage to your house and anything attached to your house (fences, sheds, driveways, etc.).Homeowner’s Tip: When it comes to water damage, insurers are thinking about things like freezing pipes, not overflowing sewers or flooding, so expect to pay extra if you want that type of coverage.