What does home insurance cover?
When one purchases a home, in addition to paying the mortgage and taxes, they are often responsible for homeowners insurance as well. Home insurance policies vary, with some providing basic coverage while others provide a broader range. Most home insurance policies protect your property by fire, windstorms, hail, lightening theft or vandalism. Whereas, in most cases, floods and earthquakes are not included in a homeowners policy. It is important to speak with your local insurance agent to have a clear understanding as to what your insurance will offer. The following is a list of what most standard homeowners policies provide.
- Dwelling Coverage: This includes repairing or rebuilding your home from disasters including by fire, windstorms, hail, lightening theft or vandalism. Insurance can cover repairs to electrical wiring, plumbing, heating and air conditioning.
- Personal Property Coverage: Standard home insurance coverage will often reimburse you for personal items that have been damaged or destroyed due to loss. This includes furniture, clothes, sporting goods and electronics.
- Structure Coverage: Home insurance cover will pay for damage to detached structures such as garages, sheds and fences.
- Loss of Use: Should your family have to leave your current home due to damages, your policy will pay for additional housing and living expenses while your home is being restored.
- Liability Insurance: In case your family or members of your household is responsible for causing damage or injuries to other people or their property, liability insurance is included to protect your assets and cover your defense costs in an event of a lawsuit.
Contact your insurance agent today to ensure your homeowners policies fits your needs and budget. To learn more about homeowners insurance, visit http://pettineoinsurance.com/homeowners_insurance.html Pettineo Insurance Agency, LCC provides homes owners insurance in Fort Lauderdale, Lauderdale-By-The-Sea, Pompano Beach, Oakland Park, Coral Springs, Deerfield Beach, & all of South Florida. While Homeowners' Insurance can specifically refer to the insurance of a house, it also encompasses the insurance of other types of structures associated with personal residences including tenants (renters) and condominium unit owners.Click hereto learn more about condominium insurance. Click hereto learn more about renters insurance.
