Home insurance is an essential purchase for any homeowner. It provides peace of mind that your home and belongings are protected in a disaster or accident. But what does home insurance cover? In this article, we’ll discuss what home insurance covers.
1. Dwelling Coverage
Dwelling coverage is the portion of your home insurance policy that covers the physical structure of your home. This includes the walls, floors, ceilings, and foundation.
Dwelling coverage includes attached structures, such as a garage or deck. If your home is damaged or destroyed by a covered event, such as a fire or severe weather, dwelling coverage will help pay for the repairs or replacement of your home.
Dwelling coverage does not cover damage caused by normal wear and tear. For example, if your roof needs to be replaced due to age or damage from a storm, you would need to pay for this repair out of pocket as it is not covered by dwelling coverage.
2. Personal Property Coverage
Personal property coverage is the portion of your home insurance policy that covers your personal belongings. This includes furniture, clothing, electronics, and other items you keep in your home.
If your personal belongings are damaged or destroyed by a covered event, such as a fire or severe weather, personal property coverage will help pay for the repairs or replacement of your belongings.
3. Liability Coverage
Liability coverage is the portion of your home insurance policy that protects you from financial responsibility if someone is injured on your property. This includes medical expenses and legal costs. If you’re sued for damages, liability coverage will help pay for your legal defense.
Liability coverage also provides protection if you accidentally damage someone else’s property. For example, if you accidentally start a fire that damages your neighbor’s home in Brandon, FL, your liability coverage will help pay for the repairs.
4. Additional Coverage
In addition to the three main types of coverage, most home insurance policies also include additional coverage for specific events. This can include coverage for flooding, earthquakes, and wind damage. You may also be able to purchase additional coverage from a professional company such as Runnels Insurance for items such as jewelry or art.
5. Other Structures Coverage
Other structure coverage is a type of dwelling coverage that protects detached structures on your property, such as a shed or gazebo. This coverage can help to pay for the repairs or replacement of these structures if damages thema covered event damages them. Additionally, other structure coverage can help to pay for the repairs or replacement of fences, driveways, and sidewalks.
Conclusion
Home insurance is an essential purchase for any homeowner. It protects your home and belongings in the event of a covered disaster. Home insurance typically covers the dwelling, personal property, liability, and additional expenses. Other structure coverage is also available to protect detached structures on your property.
Florida homeowners looking for more information about home insurance can contact Runnels Insurance. We are happy to answer any questions about home insurance coverage. Give us a call today.
