WHAT HOMEOWNER’S INSURANCE COVERS
Buying a home is the biggest financial investment many people will make. But protecting your home is about more than preventing a financial loss. Because a home is also a place where families grow, people come together, and memories are made. Homeowner’s insurance is the easiest way to safeguard your home and defend your investment, family, and memories from the unexpected.
Homeowner’s insurance protects your home from common risks such as fire, burglary, and vandalism. If the unexpected does occur, homeowner’s insurance can cover the costs of repairs for your home and other structures, such as garages, fences, sheds, or cottages on your property.
Your homeowner’s insurance also protects the things you value most, providing a strong defense for your personal property such as furniture, electronics, clothing, sporting goods, and other items which are important to you.
Homeowner’s insurance protects people, too. If your home needs extensive repairs after a fire or other covered loss, your coverage may cover living expenses for you and your family while your home is restored.
If a guest is injured while visiting your home, rest assured. Your homeowner’s insurance generally includes liability coverage to take care of third-party medical bills or a lawsuit resulting from an injured visitor.
Do You Need More Coverage for Your Home?
Most homeowner’s policies will cover damage caused by fires, smoke, windstorms, snow, hail, lightning, theft, vandalism, falling objects, aircrafts and vehicles. Additional protection against flood or earthquake damage, however, is commonly excluded in homeowner’s policies. Flood and earthquake insurance policies are available, and are often recommended additions to shore up your home defense so you won’t lose any sleep worrying about an uncovered loss.