The following are some common areas that homeowners insurance policies typically cover:
Dwelling coverage may help cover the structure of your home itself, including the walls, roof, foundation and other built-in structures, in case of damage or destruction caused by covered perils.
Other structures coverage extends coverage to other structures on your property that are not attached to your home, such as a detached garage, shed or fence.
Personal property coverage may help provide coverage for your personal belongings, including furniture, appliances, clothing, electronics and other items, in case of damage, theft or loss.
Liability coverage may help provide protection if someone is injured on your property or if you cause damage to someone else’s property. It may cover medical expenses, legal fees and potential lawsuits up to the policy’s limit.
Additional living expenses may help with the costs of temporary accommodation, meals and other living expenses if your home becomes uninhabitable due to covered damage.
It’s important to note that coverage limits, deductibles and specific perils covered vary depending on the insurance policy and the insurance provider. Homeowners should carefully review their policy and discuss it with their insurance agent to understand the exact coverage provided.