Homeowners insurance is one of the most important insurance coverages you can carry. It is also one of the most confusing. It is hard to know what is covered and what isn't covered. The last thing you want to do is find yourself in the middle of a disaster and not know what you are responsible for and what your insurance company will take care of for you. From natural disasters to crime, homeowners insurance covers a wide range of things, this list includes the most common.
It is important to emphasize that you can't take this list for granted. It is important that you take a close look at your own policy and find out precisely for what you're covered. Keep in mind that the items listed here can vary according to the terms of your specific policy, as well as the dollar amount you purchased.
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. The "outdoors" around your home, meaning your lawn and landscaping (shrubs, flower beds and trees).
3. Your homeowners insurance covers any other buildings or structures that sit on your property but are not immediately attached to the main house; this can include detached garages or garage apartments, pools, pool houses, and garden structures.
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. It includes all of the things that you own in your house - the possessions that you keep in your main house or in any structure on your property. This coverage usually also includes any guest that is staying on your property and their belongings. This coverage does not include renters on your property - they are responsible to get their own renters insurance.
6. Attorney's fees and court expenses, medical bills or settlements resulting from claims brought against you for property damage or bodily injury to others, or any similar expenses you have at the time a disaster strikes your home are usually covered.
7. Homeowners insurance usually carries coverage for financial fraud - checks forged in your name, stolen identity and credit malfeasance and even counterfeit money that you accept without realizing it.
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.
It is important to emphasize that you can't take this list for granted. It is important that you take a close look at your own policy and find out precisely for what you're covered. Keep in mind that the items listed here can vary according to the terms of your specific policy, as well as the dollar amount you purchased.
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. The "outdoors" around your home, meaning your lawn and landscaping (shrubs, flower beds and trees).
3. Your homeowners insurance covers any other buildings or structures that sit on your property but are not immediately attached to the main house; this can include detached garages or garage apartments, pools, pool houses, and garden structures.
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. It includes all of the things that you own in your house - the possessions that you keep in your main house or in any structure on your property. This coverage usually also includes any guest that is staying on your property and their belongings. This coverage does not include renters on your property - they are responsible to get their own renters insurance.
6. Attorney's fees and court expenses, medical bills or settlements resulting from claims brought against you for property damage or bodily injury to others, or any similar expenses you have at the time a disaster strikes your home are usually covered.
7. Homeowners insurance usually carries coverage for financial fraud - checks forged in your name, stolen identity and credit malfeasance and even counterfeit money that you accept without realizing it.
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 interpretation of insurance polices so that consumers can get the best information possible before making a Texas insurance purchase.
