What is Homeowners Liability Insurance?
Homeowners insurance, also known as home insurance, provides financial protection in case you suffer a loss due to fire, theft, or other covered events. It also provides protection if you or your family are held liable for injuries to others or damage to their property.
What does Home Insurance typically cover?
Most home insurance policies cover damage caused by perils like fire, hail, lightning, storm, theft, and more.
Coverage typically includes
- Dwelling Protection covers the costs to repair or rebuild your home and unattached structures, such as fences and detached garages
- Personal Belonging Protection covers your personal property, like furniture, appliance, clothing, and jewelry, in case they are stolen, damaged, or destroyed
- Liability Insurance covers legal expenses if you are sued by others for injuries or property damage
- Loss of Use Protection covers additional expense in the event you have to move out of the house during repairs
- And more…
What is not covered by homeowners insurance
Typically, floods, earthquakes, wars, or nuclear accidents are excluded. It’s important to talk to your agent about what your policy may and may not cover. If you need additional coverage, you can purchase supplemental insurance, like hazard insurance.