When it comes to homeowner’s insurance, there is an abundance of policies to choose from. Having so many options to look through can be difficult considering homeowner’s insurance is not a luxury, it is a necessity. Having homeowner’s insurance obviously protects your home and your possessions against damages or theft, but it is typically something that is required by a mortgage lender.
What Should my Homeowner’s Insurance Include?
Generally, all homeowner’s insurance policies cover destruction or damage to the interior and the exterior of your home. It should also include the loss, theft, or damage to personal possessions inside the home. In case of personal injury to someone, while they are at your home, personal liability for harm to others is typically something that you will find in a policy.
Destruction or Damage
Your insurance policy should include coverage against damages from natural disasters such as fires, hurricanes, or tornadoes to the interior and the exterior of your home. Other types of damages could include vandalism and your insurance would compensate you to repair or even potentially rebuild your home.
Your possessions inside the home such as clothing, jewelry, appliances, and furniture can be replaced if they are covered under an insured disaster. It is even possible that you receive coverage for “off-premises” loss of possessions such as jewelry meaning no matter where you lose it, you can file a claim with your insurance.
Personal Liability for Damages or Injuries
If someone were to be injured while at your home, your homeowners insurance should have a personal liability clause to cover the cost. This would include the cost of medical bills or also lost wages due to being out of work. This could include incidents that happen inside or outside your home and could also include damage to personal property while they are visiting your home. Having a personal liability policy will help you avoid paying any out-of-pocket cost.
If your personal liability policy isn’t meeting your needs, it is possible you might want to consider additional coverage through a personal umbrella liability policy.
If you are looking to protect your investment with homeowners insurance policy or switch to a new provider, contact Dublin Insurance for comprehensive coverage at a great value!