Homeowners insurance is a smart and important purchase.
A good homeowners policy covers more than your physical property. A good homeowners policy protects your many assets that are associated with your property. An Insurance Direct 123 agent can shop multiple providers to find you the best coverage for your needs at the best price available.
Types of Homeowners Insurance
There are several types of homeowners coverage available, and usually they can be bundled into one policy to fit your specific situation. A homeowners policy can include the following types of coverage:
Personal Liability Coverage: protects your assets against lawsuits that might ensue if someone is injured on your property or if another’s property is damaged as a direct result of your negligence.
Property Damage Coverage: A combination of “dwelling and other structure coverage” and “personal property coverage,” property damage coverage provides protection for all of your property. “Property” in this context includes not only your house, but also its contents.
- Dwelling and Other Structure Coverage typically pays to repair or rebuild your home if it is damaged or destroyed by a covered event.
- Personal Property Coverage helps replace the contents of your house, such as furniture, clothes and electronics if they are lost, stolen, or destroyed as a result of a covered event.
Additional Living Expenses Coverage: also called “Loss of Use Coverage,” this coverage is meant to assist you if your house is made literally uninhabitable by a covered event, and you must move out temporarily. This policy helps pay the cost of hotel stays, restaurants, and storage rentals while your house is being repaired or rebuilt.
Medical Payments Coverage: helps pay medical expenses incurred if a person, who is not a member of the household, is injured on your property, and that person does not pursue legal action. This coverage does not cover any medical costs for you or members of your household.
An experienced professional Insurance Direct 123 agent can answer any questions you might have about homeowners insurance. Get your quote today!