COVERAGE
-
Dwelling
which includes
Residence,
attached/built-in garage
-
Other
Structures
Includes
structures you own that are not attached to the house, such as
storage sheds, fences and barns. Motor vehicles such as your
lawn mower or motorized wheelchair are covered, but your
automobile must be covered by a separate auto insurance policy.
-
Personal
Property
Covers
damage, theft (some items subject to special limits) or
destruction of items such as televisions, stereos, furniture,
etc.
-
Additional Living Expenses
Covers the additional costs of living in case you have to move
out of your home and live in a hotel or rental while it is being
repaired for a covered loss.
-
Basic
Liability Insurance and Medical Payments to Others
Covers expenses in the event you are found to be legally
responsible for damages or injuries to others, on or off your
property.
-
Exclusions
and Additional Coverage
Property and liability of tenants, roomers or boarders.
Tenants may opt to purchase
renters insurance.
Business liability
for damages resulting from
home business activities and professional services. Talk to your
insurance agent about separate business-related coverage.
Lightning damage
to trees, plants, shrubs and
lawns.
Debris removal
(for example, removal of wind
damaged trees that have fallen and are leaning on your house).
You can add to your package by purchasing additional coverages,
such as:
-
Jewelry
-
Earthquake
-
Flood
(must be purchased separately from the federal National Flood
Insurance Program).
-
Reasonable
repairs
to prevent a further loss, such as boarding-up a hole in your
roof damaged by fire to prevent rain from getting inside.
Home Insurance
representatives need certain information about you and the
property before they can tell you if they'll write a policy and
how much it will cost.
So think about
protecting the home you purchased. Most buyers get a comprehensive
homeowner's insurance policy, which provides coverage for fire
damage, water damage (not by flooding), personal possessions,
personal liability, vandalism, theft, and loss of use of the
house. If you are financing your home purchase, your lender will
require you to buy at least basic hazard insurance. So start
shopping for home insurance as soon as you sign the purchase
contract so you're not stuck if the insurance carrier you choose
refuses to insure your home-the best place in world.
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