Homeowners insurance is a form of property insurance that covers losses and damages to an individual’s house and assets in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property.
Home Insurance Benefits
Protects Your Home From Loss
Homeowners insurance protects your home and unattached structures on your property from a multitude of hazards, including wind damage, fire, vandalism, tornadoes, hurricanes, and thunderstorms. Whether a small portion of your property is damaged or your entire house is leveled, the coverage on your average home policy steps in to help pay for repairs and replacements so you’re not left footing the bill.
Covers Your Personal Belongings
If your things are stolen or destroyed by a covered hazard, home insurance cam possibly reimburse you for the value of those items, for example: furniture, electronics, appliances, clothing, toys and even more. Plus, your policy protects your stuff around the world, whether it’s at your place, in your car, with your kids at school, or in storage unit.
Protects Your Liability
Your homeowners insurance does more than just cover the structure and contents of your home. Family Liability insurance, which comes standard on most homeowner’s policies, is designed to cover you in the event of a lawsuit arising from an injury on your property.
Temporary Housing After A Disaster
If your home is rendered uninhabitable after, say, a force of nature, hurricane or a fire, living expense coverage, which is standard in most home insurance policies, could help pay for temporary living costs while your home is being worked on. These costs may include hotel expenses or temporary housing, food, storage space, and internet/cable connection and more.
Various optional coverage is available so that you can choose coverage to suit your needs and lifestyle.