Coverages Included in Your Standard Homeowners Insurance Policy

Here’s what your standard homeowners insurance policy covers.

Despite what you may think, a standard homeowners insurance policy actually offers pretty comprehensive coverages. Not convinced? Here are some of the coverages that are included in your standard policy.

Personal Property Coverage

You probably know that your homeowners insurance includes coverage for the physical damages that your home might sustain during a break-in, act of vandalism, fire, and so on. However, did you know this coverage also extends to your personal belongings? This means you will receive compensation for the items stolen or damaged during a claim event.

Personal Liability Coverage

Your homeowners insurance will also offer everyone under your roof personal liability coverage. For instance, if a neighbor were to injure themselves while on your property, your liability insurance would pay for their medical treatment and, if need be, your legal fees. Additionally, this liability coverage will travel with the members of your household. This means they will have liability coverage even if issues arise when they are away from your home.

Loss of Use Coverage

Loss of use coverage kicks in when your home has been damaged to the point that it is temporarily uninhabitable. At this point, your loss of use coverage will help you pay for the expenses associated with living away from your home. For instance, this type of coverage will help you pay for things like hotel stays, restaurant bills, and so on.

These are some of the comprehensive coverages included in your standard homeowners insurance policy. Do you have additional questions regarding your home coverage? If so, contact the team at Gant Insurance Agency in McKinney, Texas. We are ready to assist you with all your coverage needs today.