Homeowner's Insurance 101
What Homeowners Insurance Covers
Considering that your home is likely one of your most significant investments, protecting it from catastrophic damage and losses that a disaster or an accident may bring is of paramount importance.
By buying homeowners insurance, you will get the best possible protection for your home.
A typical home insurance policy covers property damage. It also covers the personal liability of homeowners and members of their family for personal injury or property damage to others that happen within their property. Let’s take a closer look at what your home insurance coverage will take care of when disaster strikes.
The Physical Structure of Your Home
Depending on the type and extent of your homeowner’s insurance, any visible or non-visible damage to the physical structure of your home is covered. Be it the roof, walls, or the foundation itself, your home insurance provider will take care of the repair, or if need be, replacement of those parts of your home.
Other structures within your property, including the detached garage, fence, tool shed, or gazebo, are also covered by home insurance.
Home insurance ensures protection for your appliances, furniture, clothing, jewelry, sports equipment, silverware, and other belongings in case of damage or loss, although the extent of the coverage is still subject to the limitations of the policy.
As a homeowner, you may be held legally liable for any personal injury or property damage to others that may or may not have occurred within your property.
With homeowners insurance, you won’t have to pay out of pocket for instances where a visitor slips on your stairs or when your child throws a baseball through a neighbor’s window and breaks an expensive vase.
A home insurance policy provides...