If you are paying a mortgage on your home, then you almost certainly also have homeowners insurance. But what do you really know about this insurance policy? What does it mean and what in your home does it cover? If there is a natural disaster will your policy replace your home and your belongings? What about burglary? Here is a list of things that are commonly covered under most peoples homeowners insurance.
It is important to emphasize that you can't take this list for granted. It is important that you take a close look at your own policy and find out precisely for what you're covered. Keep in mind that the items listed here can vary according to the terms of your specific policy, as well as the dollar amount you purchased.
1. It covers your home in the most general sense. This means the whole structure of your house and also any other building attachments that you have on your property; things like garages, sheds and carports. Homeowners policies usual also cover rental properties that are on your property (things like a garage apartment or pool house).
2. It covers the outdoor areas around your home - your landscaping and flowerbeds, any outdoor architecture or added embellishments.
3. Your homeowners insurance covers any other buildings or structures that sit on your property but are not immediately attached to the main house; this can include detached garages or garage apartments, pools, pool houses, and garden structures.
4. All living expenses incurred by you and your family if your home is damaged to the extent that you cannot reside there for the immediate future. In addition, if you rent part of your home out to tenants and that portion of your home is unlivable due to damage, your rental payments are covered under your insurance policy.
5. It includes all of the things that you own in your house - the possessions that you keep in your main house or in any structure on your property. This coverage usually also includes any guest that is staying on your property and their belongings. This coverage does not include renters on your property - they are responsible to get their own renters insurance.
6. Attorney's fees and court expenses, medical bills or settlements resulting from claims brought against you for property damage or bodily injury to others, or any similar expenses you have at the time a disaster strikes your home are usually covered.
7. It includes coverage against financial fraud and gives you legal aide in the case of forged checks or stolen identity. This can even include counterfeit money that you accidentally acquire.
Homeowner's insurance policies can be long and confusing to read, you should go through your policy and make sure that you understand what it does and doesn't cover and call your insurance agent if you have any quests or if you feel like you need to get some additional coverage to help with your growing home or wealth.
It is important to emphasize that you can't take this list for granted. It is important that you take a close look at your own policy and find out precisely for what you're covered. Keep in mind that the items listed here can vary according to the terms of your specific policy, as well as the dollar amount you purchased.
1. It covers your home in the most general sense. This means the whole structure of your house and also any other building attachments that you have on your property; things like garages, sheds and carports. Homeowners policies usual also cover rental properties that are on your property (things like a garage apartment or pool house).
2. It covers the outdoor areas around your home - your landscaping and flowerbeds, any outdoor architecture or added embellishments.
3. Your homeowners insurance covers any other buildings or structures that sit on your property but are not immediately attached to the main house; this can include detached garages or garage apartments, pools, pool houses, and garden structures.
4. All living expenses incurred by you and your family if your home is damaged to the extent that you cannot reside there for the immediate future. In addition, if you rent part of your home out to tenants and that portion of your home is unlivable due to damage, your rental payments are covered under your insurance policy.
5. It includes all of the things that you own in your house - the possessions that you keep in your main house or in any structure on your property. This coverage usually also includes any guest that is staying on your property and their belongings. This coverage does not include renters on your property - they are responsible to get their own renters insurance.
6. Attorney's fees and court expenses, medical bills or settlements resulting from claims brought against you for property damage or bodily injury to others, or any similar expenses you have at the time a disaster strikes your home are usually covered.
7. It includes coverage against financial fraud and gives you legal aide in the case of forged checks or stolen identity. This can even include counterfeit money that you accidentally acquire.
Homeowner's insurance policies can be long and confusing to read, you should go through your policy and make sure that you understand what it does and doesn't cover and call your insurance agent if you have any quests or if you feel like you need to get some additional coverage to help with your growing home or wealth.
About the Author:
About the Author: Leigh Jackson is a writer for the home insurance and Texas auto insurance industries. Jackson specializes in the interpretation of insurance polices so that buyers can get the most up-to-date and comprehensive information possible before making a Texas insurance purchase.