What Does Homeowners Insurance Cover?
Homeowners insurance typically covers a broad range of risks related to owning and living in a home. Robert O. Mable Agency offers homeowners insurance Hobart, Oneonta, Margaretville, NY, Walton, Andes, NY, Delhi, NY
This is an overview of what it generally includes:
- Dwelling Coverage: This protects the physical structure of your home against risks like fire, windstorm, hail, lightning, and vandalism. It also covers built-in appliances and fixtures.
- Personal Property Coverage: This covers your belongings, such as furniture, electronics, and clothing, if they are damaged or stolen. Coverage usually extends to off-premises items, meaning they’re protected even if you’re traveling.
- Liability Protection: This provides financial protection if someone is injured on your property or if you are responsible for causing damage to someone else’s property. It helps cover legal costs and any awarded damages.
- Additional Living Expenses (ALE): If your home becomes uninhabitable due to a covered event, this coverage helps pay for temporary living expenses, such as hotel bills and meals.
- Medical Payments: This covers medical expenses for injuries that occur on your property, regardless of fault. It’s meant for minor incidents and typically has a lower limit compared to liability coverage.
- Other Structures Coverage: This covers detached structures on your property, like garages, sheds, or fences, against the same perils covered by dwelling coverage.
- Loss of Use: This is similar to ALE and provides funds for living expenses if you cannot live in your home due to a covered event.
- Personal Liability Coverage: This extends to legal fees and damages if you are sued for causing injury or property damage to others, both on and off your property.
Exclusions and limits vary by policy, so it’s important to review your specific policy details to understand the exact coverage and any additional endorsements you might need. Call us anytime if you need more information.
