Protect Your Home With A Homeowners Insurance Policy

Home is where the heart is. For most people owning a home is dream come true. To protect your home from any disaster, there are several home insurance policies.

A standard home insurance policy would include the following
Coverage for the structure of the home 
Coverage for all the belongings within the house 
Liability protection and Any additional expenses that may be incurred while living temporarily outside your home because of some disaster  More information on this website

Home insurance policies pay to repair or build part(s) that may be damaged of your home while it was struck by hail, thunderstorm lightning, and fire or because of theft. It doesn’t include any damage that may have been caused due to earthquakes or floods. Those states, which experience twisters, have a special twister insurance policy. You can check with your insurance agent about these policies in case they are applicable to you. Other detached portions of the home such as a garage, gazebo’s, patios, and shelters may also be included in the home insurance package. However, they are limited to only 10% of the insured amount of the home. In case you require more insurance for these detached structures, you must contact your insurance agent. 

You can also get coverage for belongings within your house such as clothing, furniture, jewelry, electronic gadgets, etc. However, the amount insured would be in dollar value. For your personal and expensive belongings, you can take a separate insurance policy apart from your home insurance policy to safeguard your valuables. In fact, your belongings are covered even off-site. That is anywhere in the world, your belongings are safe unless of course you opt-out of this option.

The liability portion of your policy will protect you against the damages that you may incur because of the lawsuits and libel suits against you. The coverage for these policies starts at $100,000 but you can have more coverage at $300,000 or more. You can also take umbrella policies, which would cover you for more.

There are various types of home insurance and you must check with your insurance agent before buying that home insurance policy. Generally, the disasters that are not covered under the home insurance policy are floods, earthquakes and damage that may be caused due to maintenance. Flood insurance is separate insurance apart from home insurance and is valid for areas, which can experience floods. Also remember that if your home is downhill from a steep cliff or hill or if there is danger from melting snow, then a flood insurance policy must be taken. More here

Earthquake policies are also separate and can be purchased if you live in an area prone to earthquakes. Remember that this insurance policy comes with a high deductible. The home insurance policy will not pay for maintenance damages, as it’s your responsibility to protect your home against the same. It’s important that you shop around for a good home insurance policy before finalizing a policy that will safeguard the interests of your home and you.