In most typical homeowners insurance policies, there are a few items of standard coverage that help ensure that losses are mitigated. Below are the types of coverage you can expect to see in a standard homeowner’s insurance policy.
Dwelling: This type of coverage is for the structure of the home, from roof to floors and ceilings to walls. Dwelling coverage provides the peace of mind that you have protection up to the limit of your individual policy when natural disasters, theft, and other incidents occur.
Contents: This coverage ensures that your valuables at home are replaced in the event of a covered loss, so that you don’t have to worry about your furniture, clothing, electronics, and other items that fall under this policy.
Personal liability: Accidents can happen in your home, but luckily, insurance can help cover injuries to an invited guest in your home. Additionally, if property damage occurs, your policy may cover it if it happens as a result of a qualifying accident.
Understandably, there are unique situations that call for additional coverage, depending on your circumstances, which every homeowner should take into account. Residents in areas with high amounts of rainfall might consider flood insurance, depending on the likelihood and severity of floods, while those in areas with earthquakes should consider appropriate coverage. Additionally, homeowners who want updated replacements of damaged items might consider replacement coverage that provides for new items, as most insurance policies will only cover the value of items when they were damaged, not their original price.
No matter your home insurance needs, we’re here to help determine and customize homeowner’s insurance coverage that is right for you. No two homeowners are the same, so contact us today to get the policy that will offer you maximum protection.