Menu

Insuring Your Business


Understanding The Coverage Your Homeowners Policy Offers

Most homeowners understand the basics of home insurance, including its coverage for your home's structure and your belongings. However, many homeowners lack an in-depth understanding of the finer details of those policies. This can leave you missing out on important coverage elements in the event of a claim. Understanding some of the nuances of home insurance coverage can help ensure that you get the reimbursement that you deserve. Here are a few of the lesser-known coverage options that might be included in your policy.

Additional Accommodations

When you suffer a covered loss to your home and that loss renders your home uninhabitable until repairs are done, you'll have to spend money on other accommodations until that work is finished. If your home insurance includes a coverage line for loss of use, you'll get reimbursed for at least a portion of those additional costs until you can return to your home. The specifics of the coverage will vary with each policy, so make sure that you review the details.

Possessions in Other Locations

When you have personal property that you're keeping anywhere other than in your home, whether it's in your car, a storage unit, or any other location, your homeowner's insurance will often cover the costs associated with a loss due to theft or damage to your belongings. You'll have certain limits per item, as well as aggregate limits, so make sure you review the policy declaration.

Memorial Markers

One of the things that often surprises homeowners is the fact that most home insurance policies offer coverage for grave markers and similar memorial stones. When you are responsible for maintaining a memorial stone, any loss incurred due to damage, vandalism, or weathering will be covered. The marker doesn't even have to be on your property for this coverage to apply. It will extend to a loved one's marker in a local cemetery as well. 

Natural Disasters

There are many natural disasters, including not only earthquakes but also falling debris, volcano damage, and more. While most policies won't cover flood damage, other unusual types of damage are often covered. You'll need to clarify any policy exclusions with your carrier, though.

These are some of the things that most people don't realize they can seek coverage for. Your local home insurance agent can help you explore the additional coverage options available for your home policy. Contact a professional to learn more about home insurance

About Me

Insuring Your Business

If you are like most people, you might not think that anyone would ever come after your business. Unfortunately, more business owners than ever before are dealing with the struggles involved with defending their businesses, which is why I started focusing carefully on finding the perfect insurance policy. I wanted to go through and make sure that my company was protected properly, just in case anything weird happened down the road. This blog is all about the benefits of having your business insured, as well as other great tips for business owners. Check out this blog to learn more than ever on insurance.

Categories

Latest Posts

Understanding SR22 Insurance
18 September 2023

The complexities of auto insurance can be overwhel

The Advantages Of Getting Cheap Car Insurance Before You Pay Your Tags
11 July 2023

Before you pay for your car's taxes and tags each

Understanding The Coverage Your Homeowners Policy Offers
25 May 2023

Most homeowners understand the basics of home insu

A Guide To Renters Insurance: All You Need To Know
6 April 2023

Renting a home or apartment is a popular housing c

How Aspects Of Your Insurance History Affect Your Current Coverage
15 February 2023

Insurance companies evaluate your insurance histor