Homeowners insurance is one of those things in life that you know you have to have, but sometimes you don't know that much about it. Do you know what all your policy covers? From termite infestations to tornado strikes, different policies have different levels of coverage. The following items typically are covered under homeowner's insurance policies.
All homeowners insurance policies are different and include different things, make sure that you take a good look at your policy to discover what it covers and what it might be missing so that you know what you are paying for each month.
1. Your home in general, which includes any extensions or attachments to your house, such as a garage. Policies usually will include coverage for any rental units that are considered part of your home.
2. It covers the outdoor areas around your home - your landscaping and flowerbeds, any outdoor architecture or added embellishments.
3. It covers buildings that sit on your property but that might not be directly attached to your property. This means things like pools, extra garages, cabanas, guest houses and even gazebos.
4. It covers living expenses that you and your family will have to recover if your home is damaged in an emergency and you have to move out for some time. This usually also includes coverage for rental properties and will help with rental payments.
5. Possessions belonging to you and your family. This includes the personal contents of your home and any additional buildings/structures on your property, as well as the possessions belonging to guests who were staying in your home when disaster struck. Note, however, that most insurance policies will not cover the possessions of any tenants who were residing in your home at the time of the disaster. This also can include possessions belonging to friends that you may have been borrowing or keeping in your home temporarily (for example, storing a gift for friend who didn't want a spouse or child to see the surprise before presenting it to him/her).
6. Your homeowners insurance will cover all financial burden you incur due to legal action against you at the time of a disaster to your home - from legal fees to medical bills, while you are rebuilding your life after your home is destroyed your insurance will take care of these personal problems.
7. Legal responsibility for any checks forged with your name, the unauthorized use of your credit cards or any counterfeit currency that was accepted in good faith.
Homeowner's insurance policies can be long and confusing to read, you should go through your policy and make sure that you understand what it does and doesn't cover and call your insurance agent if you have any quests or if you feel like you need to get some additional coverage to help with your growing home or wealth.
All homeowners insurance policies are different and include different things, make sure that you take a good look at your policy to discover what it covers and what it might be missing so that you know what you are paying for each month.
1. Your home in general, which includes any extensions or attachments to your house, such as a garage. Policies usually will include coverage for any rental units that are considered part of your home.
2. It covers the outdoor areas around your home - your landscaping and flowerbeds, any outdoor architecture or added embellishments.
3. It covers buildings that sit on your property but that might not be directly attached to your property. This means things like pools, extra garages, cabanas, guest houses and even gazebos.
4. It covers living expenses that you and your family will have to recover if your home is damaged in an emergency and you have to move out for some time. This usually also includes coverage for rental properties and will help with rental payments.
5. Possessions belonging to you and your family. This includes the personal contents of your home and any additional buildings/structures on your property, as well as the possessions belonging to guests who were staying in your home when disaster struck. Note, however, that most insurance policies will not cover the possessions of any tenants who were residing in your home at the time of the disaster. This also can include possessions belonging to friends that you may have been borrowing or keeping in your home temporarily (for example, storing a gift for friend who didn't want a spouse or child to see the surprise before presenting it to him/her).
6. Your homeowners insurance will cover all financial burden you incur due to legal action against you at the time of a disaster to your home - from legal fees to medical bills, while you are rebuilding your life after your home is destroyed your insurance will take care of these personal problems.
7. Legal responsibility for any checks forged with your name, the unauthorized use of your credit cards or any counterfeit currency that was accepted in good faith.
Homeowner's insurance policies can be long and confusing to read, you should go through your policy and make sure that you understand what it does and doesn't cover and call your insurance agent if you have any quests or if you feel like you need to get some additional coverage to help with your growing home or wealth.
About the Author:
About the Author: Leigh Jackson is a writer for the home insurance and Texas auto insurance industries. Jackson specializes in the understanding and investigation of insurance polices so that consumers can get the most comprehensive information possible before making a Texas insurance purchase.
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