Homeowners insurance is essential for protecting your home and belongings against unexpected events. Understanding what is covered and what is not can help you make informed decisions when choosing a policy.
What’s Covered?
- Dwelling Coverage – Protects the structure of your home from risks such as fire, windstorms, and vandalism.
- Personal Property – Covers belongings like furniture, electronics, and clothing if they are damaged or stolen.
- Liability Protection – Provides coverage if someone is injured on your property and you are found responsible.
- Additional Living Expenses (ALE) – Pays for temporary housing and living expenses if your home becomes uninhabitable due to a covered event.
What’s Not Covered?
- Flood and Earthquake Damage – Standard policies do not cover these disasters; separate policies may be required.
- Wear and Tear – General maintenance issues and aging-related damage are not included.
- Negligence – If damage occurs due to lack of upkeep or improper maintenance, it may not be covered.
- Luxury Items Above Limits – Expensive jewelry, art, and collectibles may need additional riders for full coverage.
Choosing the Right Policy
When selecting homeowners insurance, compare policies, understand coverage limits, and consider adding extra protection for specific risks. Consulting with an insurance agent can help ensure you have the right coverage for your needs.