![]() ![]() Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disaster. If you need more coverage, talk to your insurance agent about purchasing more insurance.Ģ. Generally, these structures are covered for about 10% of the amount of insurance you have on the structure of your home. Most standard policies also cover structures that are detached from your home such as a garage, tool shed or gazebo. When purchasing coverage for the structure of your home, it is important to buy enough to rebuild your home. It will not pay for damage caused by a flood, earthquake or routine wear and tear. This part of your policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in your policy. What is in a standard homeowners insurance policy?Ī standard homeowners insurance policy includes four essential types of coverage. Maintenance-related problems are the homeowners' responsibility. You must buy two separate policies for flood and earthquake coverage. The most significant are damage caused by floods, earthquakes and poor maintenance. This includes damage caused by household pets.ĭamage caused by most disasters is covered but there are exceptions. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. Homeowners insurance is a package policy. A standard policy insures the home itself and the things you keep in it. Homeowners insurance provides financial protection against disasters. What's the difference between cancellation and non-renewal?. ![]() How and why it is important to take a home inventory!.Can I own a home without homeowners insurance?.What is in a standard homeowners insurance policy?.
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