You return home from a weekend away to find that someone has broken through a locked window and made off with your grandmother's 1920s-era silverware set. Supplementing your regular homeowners insurance policy coverage with extended coverage options provides the peace of mind that you're in good hands. Will your regular homeowner's insurance policy include high enough limits for an incident like this? Not necessarily.
With that in mind, Allstate offers several extended coverage options that can provide additional protection. One example is the Allstate Extended Protection Amendatory Endorsement (EPAE), which supplements your existing homeowners insurance policy.
In a nutshell, EPAE coverage can kick in to provide coverage above and beyond a homeowners insurance policy's typical dwelling limit - up to 120% of the value of your dwelling limit in some instances. Some examples of how an EPAE can augment your existing policy include:
- Higher Limits for Theft of such valuables as jewelry, watches, furs, computer equipment, and tools.
- Higher Limits for Property of Others if you damage someone else's property
In most cases, an EPAE will increase the limits for the contents in your home from the standard 60% of your dwelling limits up to 75% of your dwelling limits—a difference that can make a powerful impact in your time of need.
An EPAE can also increase the coverage for:
- The cost of spoiled food caused by a extended power interruption
- Up to 12 months of additional living expenses if your home is left uninhabitable after a covered loss. This may include payments for the cost of rent, hotel, food and other expenses
Should you consider an EPAE? One key step is to calculate how much your belongings are worth. The Allstate Digital Locker is a mobile app that helps you manage a complete inventory of your personal belongings. Knowing the value of your personal property can help you determine how much coverage you need for your home.
To determine if an EPAE is right for your home insurance needs, check out Allstate's Common & Costly Claims tool and browse the top five most expensive claims in your neighborhood. Then find an Allstate agent near you or call us at 1-800-ALLSTATE (1-800-255-7828) for answers to your questions about extended coverage options or get a quote online.
Published: July 2012