What does your house insurance cover? The time to find out is not when a disaster has already occurred and you learn you're not covered!
What is Usually Covered
Typical homeowner's policies cover the following items:
* Your home itself, including attachments such as a garage or rental unit
* Your personal possessions (Subject to limits - for example, many policies only cover jewelry up to $1000. You need to purchase a rider for extra coverage.)
* The personal possessions of any guests staying at your home
* Items you were storing at your home for someone else
* Your lawn and landscaping
* Buildings and structures on your property that are not attached to your house, such as tool sheds and gazebos
* Vacant land (except for farmland) that you own or rent
* Living expenses if your home is damaged and you have to live somewhere else during repairs
* Rental payments if a part of your home that you rent becomes unlivable due to damage
What Your Insurance May Not Cover
Some coverages you may not have include:
* Replacement cost coverage, which pays what it would cost to replace your home and possessions rather than their Actual Cash Value
* Mold and water damage
* Natural disasters
* Dogs
* Intentional damage
* Home office equipment
* Luxury items and collectibles
You can often buy supplemental coverage for these items.
What is Usually Covered
Typical homeowner's policies cover the following items:
* Your home itself, including attachments such as a garage or rental unit
* Your personal possessions (Subject to limits - for example, many policies only cover jewelry up to $1000. You need to purchase a rider for extra coverage.)
* The personal possessions of any guests staying at your home
* Items you were storing at your home for someone else
* Your lawn and landscaping
* Buildings and structures on your property that are not attached to your house, such as tool sheds and gazebos
* Vacant land (except for farmland) that you own or rent
* Living expenses if your home is damaged and you have to live somewhere else during repairs
* Rental payments if a part of your home that you rent becomes unlivable due to damage
What Your Insurance May Not Cover
Some coverages you may not have include:
* Replacement cost coverage, which pays what it would cost to replace your home and possessions rather than their Actual Cash Value
* Mold and water damage
* Natural disasters
* Dogs
* Intentional damage
* Home office equipment
* Luxury items and collectibles
You can often buy supplemental coverage for these items.
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