What Home Insurance Protects

There are many types of home insurance policies that cater to the unique needs of a homeowner. However, not everything is covered in a standard policy. That is why it pays to have an idea of what’s protected in the policy.

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Dwelling

When it comes to homeownership, you should think about the possibility that your house can be damaged anytime due to various causes. Having a home insurance policy will give you the peace of mind in knowing that you are covered if something happens. A standard home insurance policy includes coverage for your dwelling, as well as other structures attached to it.

Personal Property

Home insurance doesn’t just cover the home structure itself. It also covers your personal belongings. That is why it is very important that you know the monetary value of your belongings. This doesn’t mean you need to make a list of every single thing you own though. But it would be wise if you make a home inventory, paying particular attention to things having high personal or monetary value.

Make sure that you’ll be able to tell your agent the approximate value of the expensive things you own. Depending on how much those items are, your premiums may rise or fall. Nonetheless, you’ll have coverage in case they are stolen, lost, or damaged.

It’s also important to keep in mind that personal property protection has its dollar limits. Check your policy to ensure that it gives you the right amount of coverage for your belongings. If it doesn’t, talk to your agent about the best options for you.

Natural Disasters

Natural disasters may or may not be covered by a standard homeowners policy. Most home insurance plans provide coverage for lightning, hail, windstorms, and fires. Earthquake and floods, however, may not be covered depending on your carrier and your state.

Discuss your options with your agent. If you want to get earthquake or flood insurance, you can purchase a separate policy that will cover your home and belongings.

Bodily Injury Liability

You might not have given it a thought, but accidents happen. Unfortunately, so do lawsuits – even among family and friends. A standard home insurance policy covers bodily injuries that happened on your property. Bodily injury liability coverage will give you financial protection against medical bills and lawsuits.

If you want to know more about home insurance, talk to one of our agents here at Brad Spurgeon Insurance Agency. We are more than willing to assist you with your insurance needs. Get a free insurance quote from us by clicking here. Call us at (409) 945-4746 or drop by our office during business hours.