You might be surprised to learn that your standard homeowners insurance policy includes all these coverages.
While many homeowners assume that their standard home policy only offers them minimal coverages, this is far from the truth. In fact, even the most standard homeowners insurance policies offer surprisingly comprehensive coverage. Here are some of the coverages that your policy offers you.
- Personal Property
The same coverage that helps you address physical damages to your home’s structure also applies to your personal belongings. This means that your homeowners insurance will offer compensation for the items that are stolen or damaged during a break-in, act of vandalism, fire, extreme weather event, and so on.
- Personal Liability
Your homeowners insurance will also offer coverage for the personal liability issues that the members of your household may run into. For instance, if a third-party is injured on your property, your personal liability coverage will pay for their medical fees and, if necessary, your legal defense. Additionally, this liability coverage travels with you and your family members, ensuring that they are covered even for liability issues that arise away from your home.
- Loss of Use
This coverage helps you in the event that your home is damaged and temporarily uninhabitable. This coverage enables you to pay for the expenses associated with living away from your home while it is undergoing repairs. For instance, loss of use coverage will take care of things such as hotel stays and restaurant bills.
These are some of the surprisingly comprehensive coverages included in your standard homeowners insurance policy. Want to learn more about your home coverage options? If so, contact the team at The Schwab Agency in Colleyville, Texas. We are ready to assist you with all your insurance needs today.