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. It covers your home in the most general sense. This means the whole structure of your house and also any other building attachments that you have on your property; things like garages, sheds and carports. Homeowners policies usual also cover rental properties that are on your property (things like a garage apartment or pool house).
2. Homeowners insurance covers the outdoor area's on your property that surround your home, this means your lawn, your landscaping and any other valuable outdoor features on your property.
3. Buildings or structures that sit on your property but are not attached to your home. This includes greenhouses, tool sheds, garages that are not connected to the house, pool houses/cabanas, guest houses and 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. Homeowners insurance includes all of the possessions you and your family own and store inside of your home. Clothes, electronics, furniture, books and more, if these things are lost in a disaster, your insurance will reimburse you for the cost. Most policies require additional coverage for extremely valuable things (like jewelry) and they may not include the belongings of a renter that is living on your property.
6. It includes expenses you might incur during the time that you are debilitated because of damage to your home; things like medical bills, attorney's fees, settlements for lawsuits brought against you and other similar financial burdens.
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.
Because homeowner's insurance policies, like any other official document, often contain somewhat confusing language, write down any questions you have as you look through your policy, and ask your insurance representative for a full explanation.
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. It covers your home in the most general sense. This means the whole structure of your house and also any other building attachments that you have on your property; things like garages, sheds and carports. Homeowners policies usual also cover rental properties that are on your property (things like a garage apartment or pool house).
2. Homeowners insurance covers the outdoor area's on your property that surround your home, this means your lawn, your landscaping and any other valuable outdoor features on your property.
3. Buildings or structures that sit on your property but are not attached to your home. This includes greenhouses, tool sheds, garages that are not connected to the house, pool houses/cabanas, guest houses and 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. Homeowners insurance includes all of the possessions you and your family own and store inside of your home. Clothes, electronics, furniture, books and more, if these things are lost in a disaster, your insurance will reimburse you for the cost. Most policies require additional coverage for extremely valuable things (like jewelry) and they may not include the belongings of a renter that is living on your property.
6. It includes expenses you might incur during the time that you are debilitated because of damage to your home; things like medical bills, attorney's fees, settlements for lawsuits brought against you and other similar financial burdens.
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.
Because homeowner's insurance policies, like any other official document, often contain somewhat confusing language, write down any questions you have as you look through your policy, and ask your insurance representative for a full explanation.
About the Author:
About the Author: Leigh Jackson is a writer for the home insurance and Texas auto insurance industries. Jackson specializes in the interpretation of insurance polices so that buyers can get the most up-to-date and comprehensive information possible before making a Texas insurance purchase.
No comments:
Post a Comment