A homeowners insurance policy offers protection against losses to your property caused by perils usually including, but not limited to, fire, windstorm, lightning, vandalism and theft. Policies are written on a variety of forms, from basic perils through comprehensive perils.
In addition to your home, your policy usually includes some coverage for other structures, personal property and loss of use of the property. Loss of Use coverage is paid toward the increased expense incurred if your home cannot be occupied as a result of a covered loss.
A homeowners policy also includes Personal Liability and Medical Payments coverages. Personal Liability coverage protects you from a claim resulting from bodily injury or property damage to others caused by your negligence. Medical Payments coverage is for the medical expense of others regardless of your legal liability.
There are many options to complete your homeowners insurance policy. Some of the options include:
- Backup of Sewer and Drain
- Assisted Living Care Coverage
- Scheduled Computer Coverage
- Equipment Breakdown
- Identity Theft
- Ordinance or Law
- Replacement cost for dwelling and/or personal property
- Sinkhole Collapse
- Scheduled Personal Property