What Does Home Insurance Cover?

If you are a homeowner, it is important that you also have homeowners insurance in place. This is a financial protection that protects the investment that you’ve made. The coverage protects you against a variety of accidents, as well as theft and disaster. There are add-on policies that you can add to a standard policy for added protection, though you can expect a standard policy to include the following coverage.

Structural Damage

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Homeowners insurance covers the costs of repairing the structure of the home in the event that it is damaged by storms, lightening, tornadoes, disasters, fire, explosions, or even vandalism. If a repair cannot be made, the coverage will cover the costs to rebuild. Most policies also cover detached structures in coverage, such as a patio or a garage.

Personal Belongings

If your personal belongings are stolen or destroyed in a disaster, your home insurance palm coast fl policy will cover the costs of some of these items. Not everything is included, however, items like furniture, appliances, computers, clothing, and electronics might be covered. Items sitting outside the home that are destroyed, such as patio furniture, lawn equipment, or BBQ grills, may also be covered.

Liability Protection

Liability is included in a homeowners insurance policy. This protection covers you in the event a lawsuit against property damage or bodily injury is filed against you.  No-fault medical insurance is also included that covers the costs of injuries that someone sustains while at your home.

Your Policy Limits

Remember, your homeowners insurance pays for coverage only up to the amounts that you’ve selected. So, if you have $25,000 in coverage, your policy will not pay out anything over this amount. You must also meet the deductible amount before the insurance company pays for their portion.