IQ Test For Kids

Ordinary Home Insurance: What You Get

Even seasoned home insurance buyers can get stuck when it comes to pinpointing exactly what is generally included in a standard policy. That's why we've put together this handy home insurance 101 resource. Standard policies generally include six types of protection for your home.

Cover the house

Home coverage is what immediately comes to mind when someone says "home insurance." Protects the structure of your home from covered hazards like fire, wind, lightning and hail. You must have adequate home coverage to rebuild your home from scratch in the event it is destroyed due to a covered event.

Covering other structures

Protecting other structures is exactly what you might think. Protect cabins, detached garages, and fences from covered events. Coverage limits are typically set at 10% of home coverage, but you can buy more protection if needed.

Covering personal property

Personal property coverage protects your belongings in the event they are stolen or destroyed due to a covered peril. Electronics, clothing, and furniture are among the items in this category. Generally, the limits are set between 50% and 70% of your ad coverage limit. However, coverage is often limited to a few high-value items, such as jewelry or furs; it can be covered in full by scheduling an endorsement of your policy.

Personal liability protection

Personal liability protection helps if someone files a lawsuit after sustaining property damage or property damage due to an event caused by you or a loved one. You can pay the costs of your legal defense and any settlement or judgment in the lawsuit, up to your coverage limits. You can also protect yourself from injuries caused by your pets. The coverage threshold is generally set at $ 100,000, but you can purchase additional coverage.

Loss of use coverage

Loss of use coverage begins if your home becomes uninhabitable due to a covered event. While it is being repaired or replaced, this coverage helps with living expenses, including hotel and restaurant bills. Limits are generally set at 20% of your listing coverage limit; However, policies sometimes include time limits as well.

Covering medical payments

Medical payments coverage helps you if you are liable for the injuries of someone who does not want to sue. He or she can pay for medical expenses up to your coverage limit. This limit is generally set at $ 1,000, but you can purchase additional coverage.