One of the basic coverages of a homeowners insurance policy is dwelling protection, which helps cover the structure of the home in which you live, as well as other structures that are attached to it, such as a garage or a deck, against certain risks. Protect your house from damage from a variety of different circumstances.
Other Structures Protection
Include coverage for other structures that are on your property but separate from your home, like a detached garage, tool shed or fence.
Personal Property Protection
Homeowners insurance coverage will also provide coverage for the personal belongings you keep within it. Suppose your electronics are stolen from your home or your furniture is damaged by a fire. Personal property protection may help pay to repair or replace your belongings if they are damaged or destroyed by a covered risk.
Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. It’s important to know that not all natural disasters are covered by homeowners insurance. Damage caused by earthquakes and floods are typically not covered by homeowners insurance. You may be able to purchase separate insurance policies to help protect your home and belongings against those types of risks.
Liability Protection Coverage
When someone not living with you is injured while on your property, an example could be a visitor trips over your broken porch step. Bodily injury liability coverage may help pay for your resulting legal expenses or the visitor’s associated medical bills if you are found at fault.
Coverage Limits and Deductibles
There are limits to the coverage in a homeowners insurance policy — the maximum amount of your policy would pay toward a covered loss. Adjust your coverage limits to your needs by estimating the value of your home and belongings and how much it may cost to repair or replace them if they are damaged or destroyed by a covered risk.
In most cases, a deductible will need to be paid by you before your insurance benefits kick in to help cover a loss. Call us to review your coverage limits and deductibles.
We can help you select the coverages and limits that make sense for you.