What Does Homeowners Insurance Really Cover?
Understanding your homeowners insurance policy is crucial. It’s more than just fire protection!
Coverage Breakdown
Most policies cover dwelling damage (your house), other structures (like a detached garage), personal property (your belongings), and liability (if someone is injured on your property). Additional living expenses are often included if your home becomes uninhabitable due to a covered event.
What’s NOT Covered?
Common exclusions include floods, earthquakes, and intentional acts. Specific coverage details vary by policy and insurer, so review your policy carefully. Consider adding endorsements for specific risks like sewer backups or valuable jewelry.
Conclusion
Homeowners insurance provides a vital safety net. Understanding what it covers – and what it doesn’t – ensures you’re adequately protected. Contact your insurance provider for clarification on your specific policy.