What Does Homeowner's Insurance Typically Cover?

What Does Homeowner's Insurance Typically Cover?

January 18, 2023
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Homeowner's insurance is a type of property insurance policy that protects the homeowner. It typically covers everything you own and property damage, as well as personal liability to others.

What is Covered?

Here is what is typically covered by a homeowner’s insurance policy:

Personal Property: the possessions that are in your home and on the land around it, such as furniture, appliances, clothing, jewelry, art, and collectibles.

Damage to Property: If something happens that causes damage to your home or any other structure on your property (like a shed or garage), homeowner's insurance will pay for repairs or replacement of damaged items up to the limit of coverage you chose when you bought the policy. Examples include fire damage, water leaks from broken pipes, mold growth caused by excessive moisture buildup in attics and more.

Loss of Use: If you have an accident at home while using some sort of recreational equipment your insurer may reimburse you if they deem its unsafe conditions caused injury/illness requiring medical attention over time. They'll cover these costs via two types: actual loss claims (when someone gets hurt at their own fault) and named perils policies which are designed specifically for certain situations where accidents can occur because someone else's actions led directly toward an incident occurring e.g., driving under influence leads car crash into fence post outside.

Buildings: The structure of the building(s) on the property, like an addition or garage. Your homeowner's policy will pay for repairs if something happens to this part of your house.

How Much Coverage Do You Need? 

You can find a variety of homeowner's insurance policies that offer different levels of coverage, but all will provide some basic protection. The most important thing to consider when shopping for an insurance policy is how much coverage you need.

If you are purchasing a home, then it is likely that your lender will require you to have a homeowner's insurance policy in place before closing on the house.

Ensure That Your Coverage is Sufficient

It is also important to check with your insurer regularly to make sure that your coverage is still sufficient. For example, you may need additional coverage if:


• You have added to or remodeled your house
• You have added a garage or pool
• You have bought more expensive items for the house, such as a new TV or computer

We are Here to Help

When it comes to finding the best homeowner’s insurance policy, you need to know what is going to be covered and what will not be covered, as well as how much coverage you need. You also need to be aware of the cost of your policy and how it compares with other insurance providers.

At Fiorentino Insurance Group, we can help you find the possibly that best suits your specific needs. Contact us today to get started.