If you are like most homeowners, your home is your most expensive asset. Because of this, you should have a homeowners insurance policy. There are several things that your policy will cover to protect you and your home.
If your home is damaged or destroyed by a covered incident, such as fire, wind, and lightening, the policy would pay to have the home repaired. In order for the home to be rebuilt, if it is destroyed, you would need to have enough coverage on the house to have a new one built. Certain policies will also cover additional structures on the property, such as an unattached garage, a shed, and a fence.
Personal Property Coverage
If any of your personal property is damaged or stolen, your homeowner’s insurance would cover to repair or replace the items. This would include furniture, electronics, jewelry, and anything else of value.
This part of the policy would cover you if anyone were to be injured on your property. If they were to file a lawsuit, your liability insurance would cover it. If someone who lives in your home injures another person or damages their property, the liability insurance would cover it.
Loss of Use Coverage
If the home is damaged and cannot be lived in until it is repaired or rebuilt, many insurance policies will cover the cost for you and your family to relocate until the house is repaired.
Additional Home Coverage
There are certain incidents that could occur in your home that is not covered under a typical homeowner’s insurance policy. In order to be covered for these disasters, the homeowner would need to purchase additional home coverage.
In order to be sure that you have the maximum protection on your home in case of a disaster, you should purchase an insurance policy through Bob Korvas Agency Inc. in Niles, IL.